SMM Tin Midday Review: Rate Decisions Heighten Volatility; SHFE Tin Prices Decline Slightly

[SMM Tin Midday Review: US Fed and Other Global Central Banks Intensively Announce Rate Decisions This Week, Risk-Averse Sentiment Heightens Tin Price Volatility] By midday today, the most-traded SHFE tin contract SN2504 closed at 279,780 yuan/mt, down 0.32% from the previous trading day's settlement price, with an intraday high of 283,900 yuan/mt and a low of 279,010 yuan/mt. Open interest decreased by 698 lots to 2.69 lots, and trading volume reached 122,500 lots.

In the spot market, tin prices fluctuating at highs suppressed downstream purchase willingness, leading to sluggish transactions. Some enterprises opted to wait for a price correction. Transactions were mainly driven by just-in-time procurement, with a strong market sentiment of wait-and-see.