SMM

SMM, September 5: The most-traded SHFE tin contract closed at 248,940 yuan/mt in the night session yesterday, down 2,480 yuan/mt, a decrease of 0.99%. The highest price was 251,080 yuan/mt, and the lowest was 247,780 yuan/mt. During the morning session yesterday, trading companies' quotes for various domestic tin ingot brands' premiums and discounts did not change much compared to recent days. Small brand tin ingot quotes against the SHFE 2410 contract were +0 to +300 yuan/mt, delivery brand prices were +400 to +800 yuan/mt, Yunnan Tin brand quotes were +800 yuan/mt, and imported tin brand spot quotes against the SHFE 2409 contract were -400 yuan/mt. Tin prices continued to decline in the afternoon yesterday, and many downstream companies restocked actively. Most trading companies completed transactions of around one truckload, while a few completed 2-3 truckloads. Overall, the spot market saw brisk trading yesterday.