SHFE Tin Prices Dropped Sharply Last Week, Spot Market Trading Boomed [SMM Tin Morning Comment Dec 23]

Last week, SHFE tin prices experienced significant volatility. Specifically, at the beginning of the week, the most-traded SHFE tin contract closed at 248,900 yuan/mt, down 1.1% from the previous trading day. Influenced by the high-level fluctuations of the US dollar index, SHFE tin prices exhibited corresponding volatility. During mid-week, the price of the most-traded SHFE tin contract continued to decline, exerting some impact on market sentiment, with the overall price trend appearing slightly weak. By Thursday, the price of the most-traded SHFE tin contract briefly rebounded but then pulled back again. During this period, market sentiment turned heated, and many traders entered the market to trade. By the weekend, prices were seeking clear direction amid ongoing fluctuations. In the spot market, last week's consumption activities were mainly concentrated from Thursday to Friday, during which spot market trading was active, with some trading enterprises achieving daily trading volumes of 100-200 mt. In contrast, the spot market at the beginning of the week was relatively quiet, with traders adopting a more cautious attitude and a wait-and-see sentiment dominating in the complex and volatile market environment.