SHFE Tin Prices Fall amid Bank Crisis

Published: Mar 16, 2023 09:27

Source: SMM

Save

Affected by the liquidity crisis facing Credit Suisse, SHFE 2304 tin contract declined yesterday night and closed at 179,300 yuan/mt, down 4.17%.

SHANGHAI, Mar 16 (SMM) - Affected by the liquidity crisis facing Credit Suisse, SHFE 2304 tin contract declined yesterday night and closed at 179,300 yuan/mt, down 4.17%.

On the fundamentals, the warrants fell significantly yesterday amid the delivery of SHFE 2303 contract. But the spot market was cold amid wait-and-see sentiment.

In the spot market, the discounts of small brands remained stable. The supply of imported tin was scarce. The SHFE 2304 tin contract declined yesterday night and closed at 179,300 yuan/mt, down 4.17%.

To sum up, the resumption of tin market needs to rely on the recovery of downstream consumption and inventory digestion. Downstream processing companies cannot actually digest inventory by stocking up at low prices, and they still need to pay close attention to the progress of consumer confidence restoration.

Market

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 24, 2026 18:35

Third-Generation Semiconductor Industry Development Report (2025) Unveiled at 2026 Jiufengshan Forum

At the opening ceremony of the 2026 Jiufengshan Forum, the *Third-Generation Semiconductor Industry Development Report (2025)* was released. In 2025, China's GaN RF electronics market size reached 11.9 billion yuan, up 9.2% YoY, with the largest application field being security and aerospace, which had a market size of approximately 7.2 billion yuan, accounting for 60.7% of the market. In 2025, China's LED industry entered a critical stage of deep adjustment and structural restructuring, with total annual LED output value of approximately 103.7 billion yuan, edging down 4.4% YoY, of which the upstream epitaxial chip segment accounted for 26.8 billion yuan and the midstream packaging segment for 76.9 billion yuan. In 2025, China's third-generation semiconductor power electronics market size was approximately 22.7 billion yuan, up 28.6% YoY, with SiC and GaN power electronic devices achieving a penetration rate of approximately 16.5% in the power semiconductor market.

Apr 24, 2026 18:35

Apr 24, 2026 15:47

Data: SHFE, DCE market movement (Apr 24)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 24 Apr , 2026

Apr 24, 2026 15:47

Apr 24, 2026 11:59

The Most-Traded SHFE Tin Contract Fluctuated at Highs, Downstream Enterprises Mostly Waited and Saw with Limited Follow-Through [SMM Tin Midday Review]

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Fluctuated at Highs, Downstream Enterprises Mostly Took a Wait-and-See Approach with Limited Follow-Through]

Apr 24, 2026 11:59