SHANGHAI, Nov. 23(SMM) – SHFE 1601 lead started last Friday night session at RMB 12,295/mt and once advanced to RMB 12,420/mt due to zinc cut news, to end at RMB 12,180/mt.
SHFE lead dived to RMB 11,900/mt with shorts gathering strength on Monday and closed at RMB 11,980/mt, down RMB 110/mt or 0.91%. Trading volumes fell 1,572 to 19,272 lots with positions narrowing 810 to 15,160.

![The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/WWXJU20251217171753.jpg)
![The most-traded SHFE tin contract fluctuated rangebound during the night session, with downstream enterprises mostly following up with small-lot transactions. [SMM Tin Morning Brief]](https://imgqn.smm.cn/usercenter/bYFQn20251217171752.jpg)
