SHFE tin prices fluctuated upward; spot market was mediocre [SMM Tin Midday Review]

Futures market: This morning, SHFE tin 2410 contract fluctuated upward, closing at 254,100 yuan/mt by midday, up 1.09%.

Spot market: This morning, trade companies' quotations for domestic tin brands varied slightly compared to recent days. Among them, small brand tin was quoted at premiums of 0-500 yuan/mt against SHFE tin 2410 contract, delivery brand at premiums of 200-700 yuan/mt against SHFE tin 2410 contract, Yunnan Tin at premiums of 200-800 yuan/mt against SHFE tin 2410 contract, and imported tin brand at discounts of 300-200 yuan/mt against SHFE tin 2410 contract. The rise in tin prices this morning suppressed the purchasing enthusiasm of most downstream enterprises. Most trade companies had sporadic transactions. Overall, the spot market transactions this morning were rather muted.