[SMM Tin Midday Review: SHFE Tin Edges Up 0.52% in Morning Session, LME Tin Prices Stabilize, Supply-Demand Tight Balance Supports High Volatility] On the morning of October 16, 2025, the most-traded SHFE tin contract price showed a pattern of fluctuating at highs. By the midday close, the most-traded SHFE tin contract settled at 281,490 yuan/mt, up 0.52%. Although the SHFE tin 2511 contract closed at 280,070 yuan/mt in the previous night session, down 0.12%, the intraday price demonstrated resilience, supported by the fundamental backdrop of a tight supply-demand balance. On the external market, tin prices on the London Metal Exchange (LME) showed signs of stabilization; overnight, LME tin futures rose by $204 to settle at $35,393/mt, up 0.54%, indicating that the external market was gradually finding support after consecutive adjustments.