The SHFE tin prices opened higher and moved up during the night session, with downstream purchasing remaining cautious [SMM Tin Morning News Oct 28]

SMM, October 28, 2024: Last Friday, the most-traded SHFE tin contract closed at 256,320 yuan/mt, up 1,800 yuan/mt, an increase of 0.74%. During the early session last Friday, the quotations for various domestic tin ingot brands by trading companies showed little change compared to recent days. Among them, small brand tin ingot quotations against the SHFE 2411 contract were +0~+200 yuan/mt, delivery brand prices were +200~+600 yuan/mt against the SHFE 2411 contract, Yunnan tin brand quotations against the SHFE 2411 contract were +600~+800 yuan/mt, and imported tin brand spot cargo quotations were -700 yuan/mt against the SHFE 2411 contract. Last Friday, tin prices fluctuated rangebound, and downstream companies were cautious in their purchasing. Most trading companies had scattered transactions, with a few trading companies transacting around one truckload. Overall, the spot market remained sluggish last Friday.