SHFE tin prices fluctuated downward, and spot market transactions were relatively weak [SMM Tin Midday Review]

Futures market: In the early trading session today, the SHFE tin 2409 contract price fluctuated downward, closing at 255,810 yuan/mt at midday, down 0.51%.

Spot market: During the early trading session today, trading companies' quotations for various domestic tin brands showed little change compared to recent days. Small brand tin was quoted at a premium of 700-1,000 yuan/mt over the 2409 contract, delivery brand tin was quoted at a premium of 500-1,300 yuan/mt over the 2409 contract, Yunnan Tin was quoted at a premium of 1,000-1,400 yuan/mt over the 2409 contract, and imported tin was quoted at a premium of 200 yuan/mt over the 2409 contract. Although tin prices fluctuated downward today, the overall price remained relatively high, leading to low purchasing willingness among downstream enterprises. Most trading companies reported scattered transactions or no transactions in the morning. Overall, spot market transactions remained relatively weak today.