Market Sensitivity to Mine-Side Disruptions Declines; SHFE Tin Prices Show a Rebound After Initial Dip During the Day [SMM Tin Futures Brief Review]

[SMM Tin Market Brief: Market Sensitivity to Mine-Side Disruptions Declines, SHFE Tin Prices Show a Rebound After Initial Dip During the Day] The most-traded SHFE tin SN2504 contract closed at 281,780 yuan/mt today, up 0.39% from the previous trading day's settlement price, with a trading volume of 41.394 billion yuan. Open interest decreased by 1,480 lots to 26,157 lots, showing a rebound after an initial dip during the day. Daily chart pattern: SHFE tin formed a long lower shadow bullish candlestick, stabilizing above the psychological level of 280,000 yuan/mt. The MACD red bars narrowed, short-term moving averages intertwined, with resistance at 284,000 yuan/mt (previous high) and support at 278,000 yuan/mt (20-day moving average). Capital flows: The trading volume of the most-traded contract shrank to 147,114 lots, while open interest continued to decline, indicating a short-term rise in risk-averse sentiment. The ceasefire agreement in eastern DRC may facilitate the restart of the Bisie tin mine, but no agreement has been reached yet, and market sensitivity to mine-side disruptions has declined...