SMM

Yesterday, the spot tin market saw moderate trading, with trade companies' quotations remaining stable and showing no significant fluctuations. The price range of various domestic brands tin ingots was relatively fixed. Small brand tin ingots and imported tin ingots had a slight discount against the SMM 1# tin ingot price, while delivery brand prices and Yunnan Tin brand tin ingots had a slight premium against the SMM 1# tin ingot price. In yesterday's market, SHFE tin prices fluctuated downward, and during the night session, domestic prices opened low and moved lower, driven by the LME. Some downstream enterprises made small replenishments, while others waited for lower replenishment positions. Regarding trade companies, most had trading volumes of 10-20 mt, with a few achieving volumes of more than two truckloads. Overall, the market trading atmosphere remained active.