The SHFE tin price weakened during the night session, the spot market transactions may recover today [SMM Tin Morning Comment]

Overnight, the most-traded SHFE tin futures contract closed at 266,390 yuan/mt, down 1,200 yuan/mt, a decrease of 0.45%, with a high of 266,660 yuan/mt and a low of 263,640 yuan/mt.

During yesterday's morning session, trading companies' quotes for various domestic tin ingot brands showed little change compared to recent days. Small brand tin ingots were quoted at a premium of 0 yuan/mt over the SHFE 2409 contract, delivery brand was quoted at a premium of 0-700 yuan/mt over the SHFE 2409 contract, Yunnan Tin brand was quoted at a premium of 700-900 yuan/mt over the SHFE 2409 contract, and imported tin brands were quoted at a premium of 0 yuan/mt over the SHFE 2409 contract. Yesterday, tin prices rebounded after hitting a low, with some downstream companies making small purchases and others choosing to wait and see. Some trading companies had scattered transactions, while others completed transactions of about one truckload. Overall, the spot market transactions were relatively flat yesterday.