SMM

Yesterday, trading in the tin market cooled down, with trading enterprises' quotations remaining stable and showing no significant fluctuations. The price range of tin ingots from various domestic brands remained relatively fixed. Small-brand tin ingots and imported tin ingots were at a slight discount against SMM 1# tin ingot prices, while delivery brand prices and Yunnan Tin brand tin ingots were at a slight premium against SMM 1# tin ingot prices. In yesterday's market, tin prices fluctuated rangebound, opening slightly lower in the night session before rebounding to around 261,500 yuan/mt. Trading activity in the spot market was sluggish, with most downstream enterprises having completed their restocking needs. Among trading enterprises, most had trading volumes around 10 mt, with a few reaching a full truckload. Overall, the market trading atmosphere was relatively quiet, and the availability of spot cargo was somewhat tight.