SMM Tin Futures Brief: US Fed's Hawkish Stance Suppresses Risk Appetite, the Most-Traded SHFE Tin 2504 Contract Closes Down 0.36% Testing Technical Support
The most-traded SHFE tin 2504 contract fluctuated downward today. At the close, the price was 280,360 yuan/mt, down 0.36% from the previous settlement. The intraday trading range was 276,840-281,310 yuan/mt, with a fluctuation of 1.6%, indicating intense tug-of-war between longs and shorts. The turnover reached 37.876 billion yuan, and the open interest decreased by 2,462 lots to 23,701 lots. Net capital outflow amounted to 86.9357 million yuan, reflecting cautious market sentiment. In the overseas market, LME tin experienced minor fluctuations due to US Fed policy but did not break through key resistance levels, and the price spread between domestic and overseas markets remained high.
