SMM Morning Meeting: Tin Market Volatile as Supply-Demand Weakens, Transactions Halt

Publicado: Jan 27, 2025 09:03
[SMM Morning Meeting Summary: Domestic Market Exhibits Weak Supply and Demand, Spot Market Transactions Halted] This week, the tin market showed overall volatility and uncertainty, with SHFE tin prices experiencing significant fluctuations under the interplay of bullish and bearish factors. In the international market, macroeconomic data, policy changes, and supply and demand dynamics collectively influenced market trends. Specifically, the price of the most-traded SHFE tin futures contract initially rose after the New Year opening but subsequently pulled back, closing lower compared to the previous trading day. Supply side, refined tin production in December fell by 4.41%, and with the Chinese New Year approaching, production may continue to decline. The operating rate of refined tin smelters in Yunnan and Jiangxi provinces dropped to 47.57%, indicating increased pressure on raw material supply...

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[SMM Morning Meeting Summary: Domestic Market Exhibits Weak Supply and - Shanghai Metals Market (SMM)