SHFE tin prices remained stable during the night session; spot market transactions were sluggish [SMM Tin Morning Comment]

Yesterday, the most-traded SHFE tin contract closed at 253,690 yuan/mt, up 330 yuan/mt, an increase of 0.13%, with a high of 255,280 yuan/mt and a low of 252,700 yuan/mt.

During yesterday's morning session, trading companies' quotations for various domestic tin ingot brands showed little change compared to recent days. Small brand tin ingot was quoted at a premium of 0-200 yuan/mt against the SHFE 2411 contract, delivery brand at a premium of 200-600 yuan/mt against the SHFE 2411 contract, Yunnan tin brand at a premium of 600-800 yuan/mt against the SHFE 2411 contract, and imported tin brand at a discount of 700 yuan/mt against the SHFE 2411 contract. Yesterday, tin prices fluctuated rangebound, and most downstream companies adopted a wait-and-see attitude. Most trading companies had sporadic transactions, with a few trading companies transacting around one truckload. Overall, the spot market transactions were relatively sluggish yesterday.