SHANGHAI, Jan. 3 (SMM) – On Tuesday, SHFE 1705 tin started at RMB 147,380/mt and then advanced by 1.3% in 15 minutes after opening. The contract later surged to RMB 150,000/mt quickly and fluctuated at highs with the rise slowing down. During the afternoon trading, SHFE 1705 tin climbed to RMB 150,790/mt and finally closed at RMB 150,270/mt, up RMB 3,380/mt or 2.30%. Trading volumes increased 2,704 to 15,106 lots and positions rose 2,618 to 10,962.
Most nonferrous metals increased on Tuesday. China’s Caixin manufacturing PMI increased to 51.9 in December, the highest level since January 2013. The strong performance indicated a faster expansion in manufacturing at year-end, releasing market’s worry on demand in China’s market.
SHFE 1705 tin will keep testing RMB 151,000/mt on Tuesday’s night trading.
![The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/WWXJU20251217171753.jpg)
![The most-traded SHFE tin contract fluctuated rangebound during the night session, with downstream enterprises mostly following up with small-lot transactions. [SMM Tin Morning Brief]](https://imgqn.smm.cn/usercenter/bYFQn20251217171752.jpg)
