The SHFE tin prices moved downwards after a higher opening in the night session, and the spot market saw active transactions [SMM Tin Morning News Oct 22]

SMM, October 22: Yesterday, the most-traded SHFE tin contract closed at 253,850 yuan/mt, down 2,010 yuan/mt, a decrease of 0.79%, with the highest at 258,980 yuan/mt and the lowest at 253,000 yuan/mt. During the morning session yesterday, the domestic tin ingot brands' premiums and discounts quoted by trading companies did not change much compared to recent days. Among them, small brand tin ingot quotations against the SHFE 2411 contract were +0~+200 yuan/mt, delivery brand quotations against the SHFE 2411 contract were +200~+600 yuan/mt, Yunnan tin brand quotations against the SHFE 2411 contract were +600~+800 yuan/mt, and imported tin brand spot quotations against the SHFE 2411 contract were -700 yuan/mt. Yesterday, tin prices fluctuated rangebound, and some downstream enterprises made small purchases. Some trading companies transacted 10-20 mt, while a few trading companies transacted 1-2 trucks. Overall, the spot market transactions were relatively active yesterday.