During the night session, SHFE tin prices consolidated at high levels, downstream purchasing sentiment in spot market remained sluggish [SMM Tin Morning Comment]

SMM, September 25: In the night session yesterday, the most-traded SHFE tin contract closed at 261,700 yuan/mt, up by 1,140 yuan/mt, an increase of 0.44%, with a high of 263,160 yuan/mt and a low of 260,660 yuan/mt. During the morning session yesterday, trading companies' quotes for domestic tin ingot brands showed little change compared to recent days. Small brand tin ingots were quoted at premiums of 0-500 yuan/mt against the SHFE 2410 contract, delivery brand prices at 200-600 yuan/mt against the SHFE 2410 contract, Yunnan Tin brand at 600-800 yuan/mt against the SHFE 2410 contract, and imported tin brand spot quotes at discounts of 700-200 yuan/mt against the SHFE 2410 contract. Yesterday morning, tin prices fluctuated upward, with most downstream and end-user companies choosing to wait and see. Most trading companies had scattered transactions, with a few trading companies completing transactions of about one truckload. Overall, the spot market transactions were mediocre yesterday.