The SHFE tin price surged and then fell back during the night session, the social inventory of tin ingots slightly increased last week [SMM Tin Morning Comment]

On Friday night, the most-traded SHFE tin futures contract closed at 267,660 yuan/mt, up 750 yuan/mt, an increase of 0.28%, with a high of 271,130 yuan/mt and a low of 266,550 yuan/mt.

During the early trading session on Friday, domestic tin ingot brands' premiums and discounts quoted by trading companies did not change much compared to recent days. Small brand tin ingots were quoted at a premium of 0-500 yuan/mt over the SHFE 2409 contract. Delivery brand prices were quoted at a premium of 500-1,000 yuan/mt over the SHFE 2409 contract. Yunnan Tin brand was quoted at a premium of 1,000-1,100 yuan/mt over the SHFE 2409 contract. Imported tin brands were quoted at a premium of 0 yuan/mt over the SHFE 2409 contract. On Friday, tin prices fluctuated upwards. Only a few companies restocked as needed, while most downstream companies remained on the sidelines. Most trading companies had sporadic transactions, with a few trading companies transacting 10-20 mt. Overall, the spot market was relatively quiet on Friday.