SHFE Tin Rallies Post-Holiday Amid Optimistic Sentiment, Catch-Up Demand, and Supply Disruptions

게시됨: Feb 6, 2025 17:53
[SMM Commentary: Optimistic Market Sentiment and Catch-Up Demand, Supply-Side Disruptions "Fuel the Fire" to Ignite SHFE Tin's Post-Holiday Rally] During the Chinese New Year holiday in the Year of the Snake, LME tin rose by 2.31%. After the holiday, SHFE tin, which was closed during the holiday, showed catch-up demand due to the increase in LME tin prices. The US dollar pulled back to around 107.7, and metals broadly rose. Driven by multiple factors, including optimistic market sentiment, active long positions pushing prices upward, the continued suspension of mining bans in Wa State, Myanmar, and potential impacts on tin ore supply in North Kivu Province, DRC, due to local conflicts, SHFE tin experienced significant increases in the first two trading days after the holiday.

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[SMM Commentary: Optimistic Market Sentiment and Catch-Up Demand, Supp - Shanghai Metals Market (SMM)