The most-traded SHFE tin 2503 contract remained in a high-level sideways trend. During the daytime session, its increase was relatively small, rising by 0.34% intraday, with a closing price of 259,000 yuan/mt. The open interest of the most-traded contract was 32,400 lots, and the trading volume was 59,100 lots. Overall, the forces of bulls and bears in the futures market were relatively balanced.
In the spot market today, transactions were limited. Most traders reported sales of around 10 mt, and domestic tin ingot sales faced difficulties. However, imported tin ingot traders performed relatively well, with some achieving transaction volumes of approximately one truckload.
Downstream enterprises currently have fewer orders. Although end-users have resumed work, operating rates remain low, with some employees returning after the Lantern Festival. At present, demand for tin ingots is low, coupled with high tin prices, which has dampened the purchasing enthusiasm of downstream and end-user enterprises.
![El impacto marginal de las actuales subidas de tipos del dólar estadounidense se está debilitando, y los precios del estaño repuntaron ligeramente en torno al centro esta mañana [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/iLVGs20251217171753.jpg)
