SHANGHAI, Nov. 2 (SMM) – On Tuesday’s night trading, SHFE 1701 tin opened at RMB 137,540/mt before climbing to RMB 137,900/mt, and ended at RMB 137,420/mt.
On Wednesday, SHFE 1701 tin hit a high of RMB 137,980/mt, but fell back to RMB 135,450/mt in the afternoon due to profit taking by longs. The most active contract ended down RMB 1,920/mt from previous trading day at RMB 135,680/mt. Trading volumes were down 6,820 lots to 20,424 lots and positions were down 1,340 to 18,352.

![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)
