Before the holiday, SHFE tin prices fluctuated at high levels, and spot market transactions were sluggish [SMM Tin Morning Comment Oct 8]

SMM, October 8: Before the holiday, the closing price of the most-traded SHFE tin contract was 265,160 yuan/mt, up by 7,780 yuan/mt, an increase of 3.02%, with a high of 266,560 yuan/mt and a low of 257,400 yuan/mt. During the early trading session before the holiday, trading companies' quotes for domestic tin ingot brands showed little change in premiums and discounts 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 were quoted at premiums of 200-700 yuan/mt against the SHFE 2410 contract, Yunnan Tin brand was quoted at premiums of 600-900 yuan/mt against the SHFE 2410 contract, and imported tin brands were quoted at discounts of 400-200 yuan/mt against the SHFE 2410 contract. During the early trading session before the holiday, tin prices fluctuated at high levels, and with previous restocking being sufficient, buying interest was low. Overall, the spot market transactions on the last day before the holiday were mediocre.