SHFE Tin Prices Consolidated at High Levels During Night Session, Spot Market Reacted Weakly [SMM Tin Morning Comment]

SMM, September 13: During the night session yesterday, the most-traded SHFE tin contract closed at 256,530 yuan/mt, up 2,660 yuan/mt, an increase of 1.05%. The highest price was 256,970 yuan/mt, and the lowest was 254,510 yuan/mt. During the morning session yesterday, the quotes for various domestic tin ingot brands by trading companies saw little change compared to recent days. The small-brand tin ingots were quoted at premiums of 0-500 yuan/mt against the SHFE 2410 contract, delivery brands were quoted at premiums of 200-700 yuan/mt against the SHFE 2410 contract, and Yunnan Tin brand was quoted at premiums of 200-800 yuan/mt against the SHFE 2410 contract. Imported tin brands in the spot market were quoted at discounts of 200-300 yuan/mt against the SHFE 2410 contract. Tin prices fluctuated upward during the morning session yesterday, with a few downstream enterprises placing low-price orders yesterday, while most used previous inventory for production. Most trading companies saw sporadic transactions. Overall, the spot market transactions were weak yesterday.