During the night session, SHFE tin prices fluctuated rangebound in the doldrums, with downstream and end-user enterprises showing low enthusiasm for restocking. [SMM Tin Morning Brief] Futures: The most-traded SHFE tin contract (SN2511) opened slightly lower during the night session and maintained rangebound fluctuations, closing at 280,530 yuan/mt, down 0.15% from the previous trading day.

[SMM Tin Midday Review: SHFE Tin Fluctuates at Highs, Faces Directional Choice Amid Supply-Demand Tight Balance]

Night session SHFE tin prices rebounded above the 280,000 level. Yesterday, the spot market saw a slight recovery [SMM Tin Morning Brief] Futures: The most-traded SHFE tin 2511 contract opened slightly lower in the night session but then fluctuated upward, closing at 281,260 yuan/mt, up 0.83% from the previous trading day.

[SMM Tin Midday Review: Supply-Demand Tight Balance Contends with Macro Uncertainty, SHFE Tin Trades Under Pressure at High Levels]

[SMM Morning Meeting Minutes: SHFE Tin Prices Expected to Fluctuate at Highs, Tight Supply Conditions Provide Some Support for Tin Prices] On the macro front, US unemployment and US Fed policy remain stable, with relatively small fluctuations in the US dollar exchange rate. However, new trends in the global smart connected automotive industry and the construction of EV charging infrastructure have had some impact on tin market demand.

[Night Session SHFE Tin Early Morning Report] Futures: The most-traded SHFE tin contract (SN2511) opened lower in the night session and maintained a fluctuating trend, closing at 277,830 yuan/mt, down 1.26% from the previous trading day.

[SMM Tin Midday Review: SHFE Tin Edges Up 0.52% in Morning Session, LME Tin Prices Stabilize, Supply-Demand Tight Balance Supports High Volatility] On the morning of October 16, 2025, the most-traded SHFE tin contract price showed a pattern of fluctuating at highs. By the midday close, the most-traded SHFE tin contract settled at 281,490 yuan/mt, up 0.52%. Although the SHFE tin 2511 contract closed at 280,070 yuan/mt in the previous night session, down 0.12%, the intraday price demonstrated resilience, supported by the fundamental backdrop of a tight supply-demand balance. On the external market, tin prices on the London Metal Exchange (LME) showed signs of stabilization; overnight, LME tin futures rose by $204 to settle at $35,393/mt, up 0.54%, indicating that the external market was gradually finding support after consecutive adjustments.

[Night Session SHFE Tin Early Morning Report] Futures: The most-traded SHFE tin contract (SN2511) edged up slightly during the night session before pulling back in volatile trading, closing at 281,520 yuan/mt, up 0.53% from the previous trading day. Downstream enterprises remained in a wait-and-see mode.

[SMM Tin Futures Review: SHFE and LME Tin Prices Rebound in Sync, Sustained Supply-Side Constraints Provide Strong Support] On October 16, 2025, the price of the most-traded SHFE tin contract (SN2511) fluctuated at highs. During the night session, the contract opened slightly lower and closed at 280,070 yuan/mt, down 0.12% from the previous day. In daytime trading, the price hovered around the 280,000 yuan/mt mark, with market sentiment recovering slightly in the afternoon. It finally closed at 281,350 yuan/mt, posting a modest gain of 0.34%. In the spot market, spot trades were generally sluggish. Most downstream enterprises had completed stockpiling before the holiday, and high prices further dampened purchase willingness, with only a few companies making rigid replenishments based on orders. Traders reported generally limited transactions, and wait-and-see sentiment prevailed in the market.