SMM

Yesterday, transactions in the spot tin market slightly cooled down, with trading enterprises slightly raising their quotations. The price range of tin ingots from various domestic brands overall moved up, with small-brand tin ingots and imported tin ingots showing a slight premium against SMM 1# tin ingot prices, while delivery brand prices and Yunnan Tin brand tin ingots showed a significant premium against SMM 1# tin ingot prices. In yesterday's market, tin prices fluctuated rangebound, starting to rise during the night session. The trading activity in the spot market did not match the brisk trading of Wednesday, with most downstream enterprises restocking only as needed, reducing their purchasing willingness. Regarding trading enterprises, most of them transacted 10-20 mt, while a few traders transacted 2-3 trucks. Overall, the market transaction atmosphere cooled down. If tin prices continue to rise, spot market transactions may become even more sluggish.