According to the SMM survey, as of October 11, the total social inventory of tin ingots in the three regions surveyed by SMM was 9,311 mt, a decrease of 200 mt WoW.
This week, SHFE tin prices showed a fluctuating trend at high levels. Prices started at 270,000 yuan/mt at the beginning of the week, slightly declined to hit a weekly low of 262,000 yuan/mt during the Wednesday night session, then fluctuated back up to around 267,000 yuan/mt, and remained rangebound on Friday. In the spot market, following the end of the National Day holiday, many downstream and end-use enterprises had some purchasing demand, but overall buying interest was low, with many opting for a later pricing model to meet rigid demand. The trading atmosphere in the spot market was mediocre this week, with some trading companies achieving a daily trading volume of 1-2 trucks, while others had relatively less. Overall, the spot market trading was mediocre, as downstream enterprises had purchasing needs but low acceptance of current prices, mainly relying on a later pricing model for procurement.
