SHFE tin prices hovered at high levels during the night session; spot market trading remained sluggish [SMM Tin Morning Comment]

Yesterday, trading in the spot tin market was mediocre, with trade companies' quotations remaining stable and showing no significant fluctuations. The price range for domestic brands of tin ingots was relatively fixed. The small brand and imported tin ingots were quoted at slight discounts against the SMM 1# tin ingot price, while delivery brand and Yunnan Tin brand ingots had a slight premium over the SMM 1# tin ingot price. In yesterday's market, tin prices overall remained at a high level, fluctuating during the night session, and trading activity in the spot market remained sluggish. Most downstream enterprises continued to adopt a wait-and-see attitude, with a few restocking as needed. Most companies had scattered trading volumes, with a few achieving trading volumes of 20-30 mt. Overall, the market trading atmosphere was not strong. In summary, if tin prices continue to hover at high levels, spot market trading is unlikely to heat up.