SMM

During yesterday's night session, SHFE tin prices showed a steady upward trend, with the overall movement indicating strong bullish momentum. However, in the spot market, trading atmosphere remained sluggish, with overall trading volume staying at a low level and market activity lacking vigor. Regarding smelters' quotations, most factories maintained stable prices around 250,000 yuan/mt, but actual shipments were limited. Downstream enterprises and traders showed weak purchase willingness, with relatively small purchase volumes. Although trading enterprises actively quoted prices to downstream companies seeking transaction opportunities, market response was not enthusiastic. Most downstream enterprises chose to maintain a wait-and-see attitude, with only a few making purchases due to rigid demand. In terms of overall market trading conditions, transaction activity remained sluggish. Most trading enterprises maintained scattered transaction levels, with only a few able to achieve trading volumes of one truckload. Currently, tin prices have successfully broken through the important threshold of 250,000 yuan/mt, and most market participants hold optimistic expectations for the price outlook, believing that prices will continue to rise.