SHFE tin showed a fluctuating downward trend today. The opening price of the SHFE tin 2502 contract was 248,960 yuan/mt, with a daily decrease in open interest of 1,235 lots, bringing the total open interest to 22,100 lots. The daily trading volume was 71,000 lots.
In the spot market: Some smelters maintained a sentiment to stand firm on quotes, while most traders actively sold. Premiums and discounts for various brands of tin ingots remained stable. Although SHFE tin prices slightly plunged in the afternoon, following copper prices, and slid to 244,000 yuan/mt, downstream purchasing sentiment was not strong.
Most traders indicated that trading remained weak today, with some traders only achieving sales of 10-20 mt. Overall, the spot market trading activity was low.

In Indonesia: JFX showed a trading volume of 500 mt of TLEAD300 tin ingots yesterday, with a relatively stable shipment status at present.
![SHFE estanho fechou em 412.910 na sessão noturna, queda de 0,70%, com posições vendidas em alta. O nível de 410.000 está sendo disputado por comprados e vendidos [SMM Notícias Matinais de Estanho]](https://imgqn.smm.cn/usercenter/reOma20251217171751.jpg)
![SHFE estanho subiu 0,76% durante a noite, mantendo-se acima de 418.000; probabilidade de alta de juros em setembro caiu para 50,4% [Resumo da Reunião Matinal de Estanho da SMM]](https://imgqn.smm.cn/usercenter/JnZMp20251217171752.jpg)

