SMM

Yesterday, the spot tin market continued its hot trading trend, with trading companies slightly raising their quotations, and overall fluctuations were small. The price range of domestic tin ingots of various brands remained 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 continued to decline. Most downstream companies had completed restocking, leading to weaker purchasing demand later in the day. For trading companies, most had a trading volume of around 30 mt, with a few reaching 2-3 truckloads. The inventory of most trading companies had decreased to a relatively low level. Overall, the market continued its hot trading trend.