SMM

SMM, October 23: Yesterday, the most-traded SHFE tin contract closed at 253,530 yuan/mt, down 680 yuan/mt, a decrease of 0.27%, with the highest at 254,180 yuan/mt and the lowest at 251,720 yuan/mt. During the morning session yesterday, the quotations of various domestic tin ingot brands by trading companies showed little change compared to recent days. Among them, small brand tin ingots were quoted at premiums of +0~+200 yuan/mt against the SHFE 2411 contract, delivery brand prices were quoted at premiums of +200~+600 yuan/mt against the SHFE 2411 contract, Yunnan tin brand quotations against the SHFE 2411 contract were +600~+800 yuan/mt, and imported tin brand spot cargo was quoted at -700 yuan/mt against the SHFE 2411 contract. Yesterday, tin prices rebounded after hitting a low, and some downstream enterprises restocked as needed. Some trading companies traded 10-20 mt, while a few traded 1-2 trucks. Overall, the spot market remained active yesterday.