SMM

SMM, October 15: Yesterday, the most-traded SHFE tin contract closed at 264,200 yuan/mt, down 3,790 yuan/mt, a decrease of 1.41%, with a high of 264,750 yuan/mt and a low of 262,130 yuan/mt. During yesterday's morning session, trading companies quoted domestic tin ingot brands with little change in premiums and discounts compared to recent days. Small brand tin ingots were quoted against the SHFE 2411 contract at +0~+200 yuan/mt, delivery brand+200~+600 yuan/mt, Yunnan tin brand quotations +600~+800 yuan/mt, and imported tin brand spot quotations -700 yuan/mt. Yesterday morning, tin prices fluctuated downward, and most downstream companies began partial restocking and purchasing. Some trading companies transacted around 10 mt, while a few traded 2-3 trucks. Overall, the spot market was relatively active yesterday.