[SMM Tin Midday Review: Tin Market Fluctuated Upward in the Midday Session, Pre-Holiday Capital Games Intensified] On September 26, 2025, during the midday session, the most-traded SHFE tin 2511 contract showed an upward fluctuation pattern. By the midday close, the most-traded SHFE tin contract was quoted at 274,570 yuan/mt, up 1,100 yuan from the previous day's settlement price, an increase of about 0.4%. In the night session, SHFE tin was in the doldrums, closing slightly lower at the end. Today's morning session opened with range-bound fluctuations, trading atmosphere was somewhat cautious during the session, and prices saw a slight uptick towards the close. In external markets, the London Metal Exchange (LME) tin price performed relatively firm; overnight, LME tin closed at $34,440/mt, up $119, a gain of 0.35%. During the Asian session, LME tin was quoted at $34,515/mt, showing a technically upward fluctuation trend.

SHFE tin prices fluctuated at highs during the night session, while the spot market was suppressed with overall sluggish trading. [SMM Tin Morning Brief] Futures: The most-traded SHFE tin contract (SN2511) fluctuated downward at the opening of the night session before rebounding, closing at 273,400 yuan/mt, down 0.01% from the previous trading day.

[SMM Tin Midday Review: SHFE Tin Prices Fluctuate at Highs, Low Inventory Continues to Support Tin Prices] On the midday of September 24, 2025, the most-traded SHFE tin 2510 contract fluctuated at highs. By the midday close, the most-traded contract was quoted at 271,960 yuan/mt, up 1,710 yuan or about 0.63% from the previous trading day, with the trading range between 269,880 yuan/mt and 272,110 yuan/mt. SHFE tin futures rose with fluctuations after opening today, showing a corrective rebound trend in futures. In external markets, the London Metal Exchange (LME) tin price closed up 0.73% overnight at $34,270/mt, an increase of $250 from the previous session. The low inventory situation supported tin prices. During the Asian session, LME tin prices consolidated gains above the $34,000/mt level, showing a tendency to fluctuate upward technically.

[SMM Tin Morning News] Futures: The most-traded SHFE tin 2510 contract opened higher in the night session and fluctuated upward, closing at 272,900 yuan/mt, up 0.51% slightly from the previous trading day.

[SMM Tin Futures Review: Expectations of Loose Market Liquidity Support Tin Prices, SHFE Tin Prices Rise Slightly Intraday] On September 24, 2025, the most-traded SHFE tin 2510 contract showed a pattern of fluctuating at highs. At the midday break, it was tentatively quoted at 271,960 yuan/mt, up 1,710 yuan, or 0.63%, from the previous trading day. In the afternoon session, the gains were further consolidated, closing at 271,650 yuan/mt, with an intraday increase of 0.52%. The trading range for the day was between 269,880 yuan/mt and 272,530 yuan/mt. On the London Metal Exchange (LME), tin prices also strengthened, closing up 0.73% overnight at $34,270/mt. During the Asian trading session, prices consolidated above the $34,000/mt level, but experienced a slight correction to around $34,400/mt during European trading hours, showing a technically fluctuating upward trend.

[SMM Tin Midday Review: SHFE Tin Prices Fluctuate at Highs in Midday Trading, Supported by Tight Supply-Demand Balance and Improved Macro Sentiment] On September 24, 2025, during the midday session, the most-traded SHFE tin 2510 contract showed a pattern of fluctuating at highs. As of the midday close, the most-traded contract was temporarily quoted at 271,960 yuan/mt, up 1,710 yuan from the previous trading day, an increase of approximately 0.63%. The trading range during the session was between 269,880 yuan/mt and 272,110 yuan/mt. Today, SHFE tin futures fluctuated upward after opening, with the futures showing a trend of corrective rebound. In external markets, the London Metal Exchange (LME) tin price closed up 0.73% overnight at $34,270/mt, an increase of $250 from the previous trading day. The low inventory situation provided support for tin prices. During the Asian session, LME tin prices consolidated gains above the $34,000 mark, showing a technically strong trend of fluctuating upward.

Guo Shougang from the Ministry of Industry and Information Technology stated that China's intelligent connected vehicle industry has achieved positive results. SHFE tin prices rose slightly during the night session [SMM Tin Morning Brief]. Futures: The most-traded SHFE tin contract (SN2510) opened slightly higher during the night session and then fluctuated rangebound, closing at 271,000 yuan/mt, up 0.31% from the previous trading day.

A top secondary tin producer based in the United States, Nathan Trotter, has started construction on its $65 million Tin Ridge smelter located in Virginia.

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Under Pressure and in the Doldrums, Awaiting New Drivers Amid Weak Supply-Demand and Macro Game] On the morning of September 23, 2025, the most-traded SHFE tin contract (2510) showed a weak and fluctuating pattern during the morning trading session. Pressured by intertwined bullish and bearish factors on the macro front and a sluggish supply-demand fundamental, the price ultimately remained under pressure. At the midday break, the most-traded contract was tentatively quoted at 271,000 yuan/mt, down 360 yuan from the previous trading day's settlement price, a decrease of approximately 0.13%. Spot trades in the domestic market continued to be sluggish. Overnight, the decline in the London Metal Exchange (LME) tin price put pressure on domestic market sentiment. LME tin closed at $34,020/mt, down $200 from the previous trading day, a decrease of 0.58%. During the Asian trading session today, the LME tin price continued to hover around the $34,000/mt mark, showing a technical consolidation trend.

In terms of tin ore imports, China's cumulative imports from January to August reached 82,676 mt in physical content, a 28.6% YoY decline compared to 115,811 mt in the same period last year. Imports from Myanmar plummeted to only 16,248 mt in physical content, with a YoY decline of 74.9%. As a major tin ore supplier to China, Myanmar's sharp production decline has significantly impacted China's tin ore supply structure. In contrast, tin ore supply from Africa saw substantial growth. The DRC and Nigeria supplied 33,615 mt in physical content from January to August, up 22.7% YoY from 27,403 mt in the same period last year, becoming an important source of growth for China's tin ore imports.