SMM

SMM, October 17: Yesterday, the closing price of the most-traded SHFE tin contract was 263,480 yuan/mt, down by 2,500 yuan/mt, a decrease of 0.94%. The highest price was 266,100 yuan/mt, and the lowest was 263,100 yuan/mt. During yesterday's morning session, the premiums and discounts for various domestic tin ingot brands quoted by trading companies did not change significantly 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 cargoes were quoted at -700 yuan/mt against the SHFE 2411 contract. During yesterday's morning session, tin prices hovered at high levels, with most downstream enterprises adopting a wait-and-see attitude, waiting to restock at lower prices. Some trading companies made scattered transactions, with a few trading companies transacting 20-30 mt. Overall, the spot market transactions cooled down yesterday.