SMM, May 21:
Spot market, today's quotation 136500 won 139500 yuan / ton, a small number of downstream enterprises just need to purchase in the morning, some traders are cautious to receive the goods. The overall transaction atmosphere in the Shanghai-tin spot market is generally weak. For the Shanghai tin 2007 contract, the Yunxi rising water is around 4500 yuan / ton, the ordinary Yunzi rising water is around 4000 yuan / ton, and the small brand rising water is around 2000 yuan / ton.

![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)
