SMM Tin Morning Comment August 19

Last Friday's night session saw the most-traded SHFE tin futures contract close at 263,540 yuan/mt, up 950 yuan/mt, an increase of 0.36%, with a high of 264,580 yuan/mt and a low of 259,670 yuan/mt.
During last Friday's morning session, trading companies' quotes for various domestic tin ingot brands showed little change compared to recent days. Small brand tin ingots were quoted at a premium of 700-1,000 yuan/mt over the SHFE 2409 contract, delivery brands at a premium of 500-1,000 yuan/mt, Yunnan Tin at a premium of 1,000-1,200 yuan/mt, and imported tin brands at a premium of 200 yuan/mt over the SHFE 2409 contract. Last Friday, tin prices slightly declined, and downstream companies remained cautious with low purchasing intentions. Most trading companies had sporadic transactions, with a few trading companies transacting 10-20 mt. Overall, last Friday's spot market was relatively quiet.