SMM Tin Midday Review: Fed's Steady Rates Weigh on SHFE Tin Prices

SMM Tin Midday Review: US Fed Keeps Interest Rates Unchanged in March Meeting, SHFE Tin Prices Continue Weak Consolidation

The most-traded SHFE tin futures contract (SN2504) showed a low opening and fluctuating trend this morning. By midday close, the price was at 280,380 yuan/mt, down 0.35% from yesterday, with an intraday range of 278,800-281,200 yuan/mt. Open interest decreased slightly by 1,843 lots to 24,300 lots, indicating cautious market trading and continued capital outflow. In the overseas market, LME tin rebounded slightly to $35,195/mt due to the US Fed's policy, but the price spread between domestic and overseas markets remained high, keeping the import window closed.