Driven by macro factors, the most-traded SHFE tin contract saw a slight uptick during the night session. [SMM Tin Morning News] Fundamentals: (1) Supply-side disruptions: Alphamin Resources Corp.'s Bisie tin mine produced 1,290 mt of metal tin between April 15 and May 11, 2025, achieving the expected processing recovery rate. Tin production commenced by processing raw ore stockpiles from the mine, initially from the Mpama North plant, followed by the restart of the Mpama South plant on April 19, 2025. In the last week of April 2025, blasting and transportation of underground ore began, while the mine development rate also increased. Since the restart of the mine, the first batch of fully documented and approved tin concentrates for export was dispatched by truck on May 9, 2025. (Bullish ★) (2) Demand side: After the Labour Day holiday, some downstream processing enterprises gradually resumed operations, and there was some release of demand for restocking at lower prices, but transactions at higher prices remained sluggish. (Bearish ★)