SHFE Tin Prices Rangebound Overnight, Spot Market Sluggish Ahead of Holiday

SHFE Tin Prices Fluctuated Rangebound in the Night Session, Spot Market Remained Sluggish [SMM Tin Morning Brief]

Last night, the SHFE tin market showed slight fluctuations after opening, oscillating within the range of 246,600-248,000 yuan/mt. Reviewing yesterday's spot market, most smelters insisted on high prices before the holiday, resulting in limited shipments. Meanwhile, considering the high-level consolidation of SHFE tin prices yesterday, downstream purchase willingness was weak, with some enterprises placing orders at lower prices, leading to reduced trading volume. Traders reported that the total trading volume for the day was sluggish, at only about 10-20 mt, with only a few traders achieving transactions exceeding one truckload. As the trading week approaches its end, the spot market is expected to remain sluggish. With the year-end approaching, logistics and end-user enterprises entering the holiday period may further dampen the spot market.