SMM Tin Market Morning Comment (Sep 30)

Last Friday, the most-traded SHFE tin contract closed at 263,110 yuan/mt in the night session, up 5,960 yuan/mt, an increase of 2.32%.

During last Friday's morning session, trading companies' quotes for domestic tin ingot brands showed little change compared to recent days. Small brand tin ingots were quoted at premiums of 0-500 yuan/mt against the SHFE 2410 contract, delivery brand prices at premiums of 200-700 yuan/mt, and Yunnan Tin brand at premiums of 600-900 yuan/mt. Imported tin brands were quoted at discounts of 400-200 yuan/mt against the SHFE 2410 contract. Last Friday morning, tin prices fluctuated at low levels, prompting some downstream and end-users to actively restock. Some trading companies completed transactions of about one truckload, while others completed 2-3 truckloads. Overall, last Friday's spot market remained active.