SHFE Tin Prices Maintain a Fluctuating Trend as Logistics Gradually Halt Across Regions [SMM Tin Midday Review]

Today, the SHFE tin futures market fluctuated rangebound. At the opening, the most-traded SHFE tin contract cautiously started at 249,300 yuan, reflecting the market's conservative outlook on future trends. During the morning trading session, SHFE tin prices experienced slight fluctuations, with the latest transaction price settling at 249,990 yuan, slightly lower than the opening price, marking an overall % change of -0.65%.

In the spot market, tin ingot prices adjusted in tandem with the futures market. Specifically, the price range of SMM #1 tin ingot was between 249,400 yuan and 251,400 yuan, with an average transaction price of 250,400 yuan, down by 2,700 yuan/mt compared to the previous day, aligning with the fluctuations in the futures market.

Analyzing market dynamics, the spot market today exhibited a relatively subdued trading atmosphere. As downstream and end-user enterprises entered holiday mode and logistics companies across regions began to suspend operations, trading activities in the spot market nearly came to a halt. Given the current market conditions, the spot market is expected to remain quiet later this week. Additionally, most spot traders plan to conclude their pre-holiday trading activities within this week, further intensifying the market's inactivity. Overall, pre-holiday market trading has gradually entered its final stage, with all parties preparing to embrace the challenges and opportunities of the new year.