Tariff Disputes Escalate, Impacting Tin Market Transactions and Futures

Tariff Issues Continue to Escalate, Spot Market Transactions Remain Sluggish [SMM Tin Morning Brief]

Foreign Ministry Spokesperson Jian Lin hosted a regular press conference on February 5. A reporter asked, "US President Donald Trump said he is not in a hurry to have a phone call with Chinese leaders. The US has previously announced a tariff hike on China, and China has also announced countermeasures. What is China's response? Does China have anything to say to the US?" Jian Lin stated that China has taken note of the relevant reports. During the phone call between the two heads of state on January 17, China had already clarified its principled stance, and both sides had reached a principled consensus on conducting mutually beneficial cooperation. What is needed now is not unilateral tariff hikes but equal and mutually respectful dialogue.

The tariff issue continues to escalate and may subsequently affect future export orders for end-use products in the tin industry. In the futures market, the most-traded SHFE tin contract continued to rise yesterday, maintaining an upward trend during the night session. From a technical perspective, the current trend appears relatively strong...