SHFE tin prices opened low and moved lower overnight, yesterday's spot market transactions were sluggish [SMM Tin Morning Comment]

Overnight, the most-traded SHFE tin contract closed at 252,310 yuan/mt, down 3,610 yuan/mt, a decrease of 1.41%. The highest price was 254,350 yuan/mt, and the lowest was 251,110 yuan/mt.

During yesterday's morning session, trading companies' quotes for domestic tin ingot brands did not change much compared to recent days. Small brand tin ingots were quoted at a premium of 0-300 yuan/mt over the SHFE 2410 contract, delivery brands were quoted at a premium of 400-800 yuan/mt over the SHFE 2410 contract, Yunnan Tin brand was quoted at a premium of 800 yuan/mt over the SHFE 2410 contract, and imported tin brand was quoted at a discount of 400 yuan/mt against the SHFE 2409 contract. Yesterday, tin prices fluctuated rangebound, and most downstream companies had already made small restocks at the beginning of the week, showing low purchasing enthusiasm. Most trading companies had scattered transactions, with a few trading companies transacting around one truckload. Overall, yesterday's spot market transactions were relatively sluggish.