SHFE tin moved downwards after a higher opening in the night session; low-priced imported tin failed to stimulate downstream purchasing enthusiasm [SMM Tin Morning Comment]

Yesterday, the spot tin market remained sluggish, with trading enterprises' quotations staying relatively stable and showing no significant fluctuations. The price range of domestic tin ingots across various brands was relatively fixed. Small brand tin ingots and imported tin ingots had a slight discount against the SMM 1# tin ingot price, while delivery brand and Yunnan Tin brand tin ingots had a slight premium against the SMM 1# tin ingot price. In yesterday's market, tin prices slightly rose before falling back, and during the night session, they moved downwards after a higher opening. Trading activities in the spot market were somewhat sluggish. Although some traders pre-sold imported tin at discounts, most downstream enterprises had completed their restocking needs and showed little interest in purchasing low-priced imported tin. Regarding trading enterprises, most had scattered transactions, with a few achieving trading volumes of 20-30 mt. Overall, the market's trading atmosphere was relatively cold, and if tin prices remain volatile, the spot market may continue to experience a sluggish situation.