SHFE tin prices opened higher in the night session and then rebounded after dipping. Yesterday, SHFE tin warrants decreased by 80 mt [SMM Tin Morning Comment].

SMM, August 22: In the night session yesterday, the most-traded SHFE tin futures contract closed at 265,580 yuan/mt, up by 1,360 yuan/mt, an increase of 0.51%. The highest price was 267,250 yuan/mt, and the lowest was 264,000 yuan/mt. During the morning session yesterday, the quotes for various domestic tin ingot brands by trading companies showed little change compared to recent days. Small brand tin ingots were quoted at a premium of 0 to 500 yuan/mt over the SHFE 2409 contract, delivery brand prices were at a premium of 500 to 1,000 yuan/mt over the SHFE 2409 contract, Yunnan Tin brand was quoted at a premium of 1,000 to 1,200 yuan/mt over the SHFE 2409 contract, and imported tin brands were quoted at par with the SHFE 2409 contract. Yesterday's tin price surge led most downstream companies to adopt a wait-and-see attitude towards the current price level, with some downstream companies looking to restock at lower prices. Most trading companies saw scattered transactions, with a few trading companies transacting 20 to 30 mt. Overall, the spot market transactions were relatively flat yesterday.