SHFE tin prices remained at high levels, causing downstream enterprises to adopt a wait-and-see stance【SMM Tin Midday Review】

Futures Market: In the morning, the SHFE 2406 tin contract price remained at a high level and closed at 278,460 yuan/mt at midday, up 2.41%.

Spot Market: In the morning, trading companies' quotes for various domestic tin brands showed little change compared to recent days. Small brand tin was quoted at a discount of 0-500 yuan/mt. Delivery brands were quoted at a discount of 0-500 yuan/mt against the SHFE 2406 tin contract. Yunxi brand was quoted at a premium of 300-500 yuan/mt against the SHFE 2406 tin contract. There were no quotes for imported tin brands. SHFE tin prices remained at a high level in the morning, causing downstream enterprises to adopt a wait-and-see stance. Most trading companies reported scattered transactions or no transactions at all. Overall, the spot market was relatively quiet today.