SMM Tin Morning Brief on January 27, 2025: On January 27, the latest "China Auto Dealers Inventory Alert Index Survey" (VIA) released by the China Automobile Dealers Association showed that the Vehicle Inventory Alert Index for Chinese auto dealers in January 2025 was 62.3%, up 2.4 percentage points YoY and 12.1 percentage points MoM. The inventory alert index remained above the 50 mark, indicating that the automotive circulation industry was in a sluggish zone. During yesterday's night session, SHFE tin prices showed a sideways consolidation trend without significant volatility. In the futures market, the price of the most-traded SHFE tin contract remained stable at 248,000 yuan/mt. Due to downstream and end-user enterprises entering the Chinese New Year holiday, there were no tin ingot transactions in the spot market. It is expected that after the holiday, as downstream and end-user enterprises gradually resume operations, the spot market will gradually recover trading activity.
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