Night session SHFE tin prices opened high and moved higher, suppressing downstream purchasing willingness [SMM Tin Morning News Oct 16]

SMM, October 16: Yesterday, the most-traded SHFE tin contract closed at 266,190 yuan/mt, up by 2,680 yuan/mt, an increase of 1.02%, with a high of 267,450 yuan/mt and a low of 263,080 yuan/mt. During yesterday's morning session, the domestic tin ingot brand premiums and discounts quoted by trading companies showed little change compared to recent days. Small brand tin ingot quotations against the SHFE 2411 contract were +0~+200 yuan/mt, delivery brand prices: against the SHFE 2411 contract were +200~+600 yuan/mt, Yunnan tin brand quotations against the SHFE 2411 contract were +600~+800 yuan/mt, and imported tin brand spot quotations against the SHFE 2411 contract were -700 yuan/mt. During yesterday's morning session, tin prices fluctuated at low levels, and some downstream companies continued purchasing. Some trading companies traded around 10 mt, while a few traded 2-3 trucks. Overall, the spot market remained active yesterday.