SMM Tin Midday Review: SHFE Tin Prices Drop, Low Downstream Purchasing Enthusiasm Persists

[SMM Tin Midday Review: SHFE Tin Prices Continue to Decline, Downstream Enterprises Show Low Purchasing Enthusiasm] The daytime session started at a price of 247,000 yuan/mt. As market trading progressed, SHFE tin prices continued to decline.

In the spot market: Most traders reported that today's transactions fell short of expectations. Although prices have dropped compared to yesterday, downstream enterprises showed no significant increase in purchasing enthusiasm. Instead, they observed the continuous downward trend of SHFE tin prices, with most opting to wait for prices to fall further to a relatively low level before making purchases and restocking.

Recently, the availability of spot cargo in the market has been relatively loose. With imported tin ingots arriving over the past two weeks, the supply of imported tin ingots has also gradually loosened. Other deliverable brands and small-brand tin ingots have maintained a relatively stable pace of shipments. It is expected that the spot market will not face a shortage of supply before the end of the year...