Social Inventory of Tin Ingots by Region on December 27, 2024 [SMM Data]  

According to the SMM survey, as of last Friday, the total social inventory of tin ingots across three regions monitored by SMM stood at 7,543 mt, down 262 mt WoW.

Last week, SHFE tin prices fluctuated rangebound. Specifically, at the beginning of the week, the most-traded SHFE tin contract saw a slight rebound. However, during the night session early in the week, SHFE tin prices exhibited corresponding volatility, opening lower and trending downward with prices continuously pulling back. By mid-week, the most-traded SHFE tin contract prices rebounded to some extent, impacting market sentiment, though the overall price trend appeared somewhat weak. On Thursday, the most-traded SHFE tin contract prices showed a rangebound trend. During this period, market sentiment remained mediocre, with traders mostly adopting a wait-and-see approach. By the weekend, prices slightly declined during the late session, with the market's primary focus still on supply and demand dynamics and changes in the macroeconomic environment. From a broader perspective, the most-traded SHFE tin contract prices mainly fluctuated rangebound last week, primarily influenced by increased supply, demand volatility, and the macroeconomic environment. In the spot market, consumption activity was relatively mediocre last week, with daily trading volumes of some trading enterprises reaching 20-50 mt. Traders adopted a more cautious stance amid the complex and volatile market environment, with a dominant wait-and-see sentiment. Looking ahead, SHFE tin prices are expected to continue being influenced by multiple key factors, including domestic and international economic conditions, policy adjustments, and supply and demand dynamics in the tin industry. Therefore, continuous attention to market dynamics and in-depth analysis of industry trends will be crucial.