SMM

SHFE 2401 tin contract fell to 198,400 yuan/mt overnight and then rebounded to 200,490 yuan/mt, closing at 200,080 yuan/mt, down 0.42%.
During yesterday's morning trading, the price premiums and discounts quoted by trading companies for various domestic tin ingot brands were little changed. Small brand tin ingots were offered at premiums of 0-400 yuan/mt, versus premiums of 500-800 yuan/mt for delivery brands over SHFE 2401 tin contract, premiums of 1000-1100 yuan/mt for Yunxi brand over SHFE 2401 tin contract, and discounts of 500-700 yuan/mt imported brand tin ingots. Yesterday, the tin price fluctuated downwards. Trading companies responded with more low-price orders, and most downstream companies held a wait-and-see attitude. Generally speaking, the spot market transactions yesterday were still flat.