SHFE Adjusts Trading Fees for Tin Futures Contracts On March 31, SHFE issued a notice stating that, after research and decision, starting from the trading session on April 2, 2025 (i.e., the night session on April 1), the intra-day closing fee for tin futures contracts SN2504, SN2505, and SN2506 will be adjusted to 15 yuan per contract.

SMM Tin Futures Review: Myanmar Earthquake Impacts Supply Expectations, the Most-Traded SHFE Tin Contract Shows Initial Jump and Then Pullback. Today, the most-traded SHFE tin contract (SN2505) showed an initial jump and then pullback. It opened at 288,000 yuan/mt, surged to 289,500 yuan/mt in the early session due to supply disruptions caused by the Myanmar earthquake and macro policy fluctuations, but then pulled back due to a stronger US dollar and high inventory pressure, finally closing at 282,350 yuan/mt, up 0.41% from the previous day's settlement price. The intraday fluctuation range was 284,800-289,500 yuan/mt, with a turnover of 76.019 billion yuan. Open interest decreased by 51 lots to 39,900 lots, and market sentiment leaned towards caution...

SMM Analysis: China's Refined Tin Industry Operation Analysis and Trend Outlook for March 2025: According to SMM's data based on market exchange processing, China's refined tin production in March 2025 increased by 7.33% MoM, but decreased by 3.06% YoY. Although the Chinese New Year holiday has ended, the continuous tightening of the tin concentrates and scrap tin supply chain has imposed rigid constraints on capacity, resulting in a limited rebound in the overall operating rate, falling short of market expectations.

SMM Tin Midday Review: Smelters Maintain Strong Pricing Willingness While Downstream Enterprises Engage in Just-in-Time Procurement, Spot Market Trading Remains Sluggish. The most-traded SHFE tin 2505 contract jumped initially and then pulled back during the morning session, opening at 288,000 yuan/mt. Influenced by macro policy disturbances and supply-demand imbalance, it briefly surged to 289,500 yuan/mt before retreating under pressure, closing at 283,100 yuan/mt by midday, a slight increase of 0.67% from the previous day's settlement price. The intraday fluctuation range was 284,800-289,500 yuan/mt, with open interest increasing by 719 lots to 40,700 lots, and market sentiment leaning towards caution. LME tin prices also fluctuated, quoted at $35,710/mt during the Asian session, with enhanced linkage between SHFE and LME.