SHFE tin prices fluctuated at high levels overnight, Yesterday's spot market transactions were sluggish [SMM Tin Morning Comment]

Overnight, the most-traded SHFE tin futures contract closed at 264,840 yuan/mt, up 2,240 yuan/mt, an increase of 0.85%, with a high of 266,300 yuan/mt and a low of 263,960 yuan/mt.

During yesterday's morning session, trading companies' quotes for various domestic tin ingot brands showed little change compared to recent days. Small brand tin ingot was quoted at a premium of 0-500 yuan/mt over the SHFE 2409 contract. Delivery brand was quoted at a premium of 500-1,000 yuan/mt over the SHFE 2409 contract. Yunnan Tin brand was quoted at a premium of 1,000-1,200 yuan/mt over the SHFE 2409 contract. Imported spot tin brand was quoted at a premium of 0 yuan/mt over SHFE 2409 contract. Yesterday, tin prices fluctuated widely, and downstream companies maintained a wait-and-see attitude, with a few companies restocking as needed. Most trading companies had sporadic transactions, with a few trading companies transacting 10-20 mt. Overall, yesterday's spot market transactions were relatively sluggish.