SHFE Tin Prices Fall amid Bank Crisis

Published: Mar 16, 2023 09:27
Source: SMM
Affected by the liquidity crisis facing Credit Suisse, SHFE 2304 tin contract declined yesterday night and closed at 179,300 yuan/mt, down 4.17%.

SHANGHAI, Mar 16 (SMM) - Affected by the liquidity crisis facing Credit Suisse, SHFE 2304 tin contract declined yesterday night and closed at 179,300 yuan/mt, down 4.17%.

On the fundamentals, the warrants fell significantly yesterday amid the delivery of SHFE 2303 contract. But the spot market was cold amid wait-and-see sentiment.

In the spot market, the discounts of small brands remained stable. The supply of imported tin was scarce. The SHFE 2304 tin contract declined yesterday night and closed at 179,300 yuan/mt, down 4.17%.

To sum up, the resumption of tin market needs to rely on the recovery of downstream consumption and inventory digestion. Downstream processing companies cannot actually digest inventory by stocking up at low prices, and they still need to pay close attention to the progress of consumer confidence restoration.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Announcement] Notice on the Discontinuation of Updates to South Korea’s Tin Materials Import and Export Data Points
12 hours ago
[SMM Announcement] Notice on the Discontinuation of Updates to South Korea’s Tin Materials Import and Export Data Points
Read More
[SMM Announcement] Notice on the Discontinuation of Updates to South Korea’s Tin Materials Import and Export Data Points
[SMM Announcement] Notice on the Discontinuation of Updates to South Korea’s Tin Materials Import and Export Data Points
[SMM Announcement] Notice on the Discontinuation of Data Updates for South Korea Tin Product Import and Export Data Points: Hello! Thank you for your continued attention to and support for SMM! The SMM Tin Industry Research Department has always been committed to providing the market with accurate, reliable, and representative data references. Recently, during our routine review and evaluation of tin product import and export data, we found that the scale of South Korea’s tin product exports and imports has remained at a low level, accounting for only a negligible share of overall tin product trade flows. Meanwhile, through our regular communication with the market, we learned that market attention to this data point has continued to decline. Due to the relatively small size and insufficient activity of this regional market, the sampling available for relevant data collection is limited, making it difficult to form effective and continuous statistics. At the same time, constrained by occasional sporadic transactions, fluctuations in this data point can no longer objectively and truthfully reflect the actual supply-demand relationship in the East Asian tin product market, and its significance as a market reference has been substantially diminished. After a comprehensive evaluation, in order to ensure that the data we provide has practical reference value for the market, we have decided that, effective March 5, 2026, we will officially stop updating all data points related to South Korea tin product imports and exports. We will continue to focus on the mainstream domestic tin market and regions overseas with higher activity, providing everyone with market information of greater reference value. Thank you again for your understanding and support!
12 hours ago
Data: SHFE, DCE market movement (Mar 05)
12 hours ago
Data: SHFE, DCE market movement (Mar 05)
Read More
Data: SHFE, DCE market movement (Mar 05)
Data: SHFE, DCE market movement (Mar 05)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 05 Mar , 2026
12 hours ago
Geopolitical and Macro Stimulus Repeatedly Intensified Market Sentiment and Fluctuations; Downstream Enterprises Mostly Stayed on the Sidelines [SMM Tin Midday Review]
16 hours ago
Geopolitical and Macro Stimulus Repeatedly Intensified Market Sentiment and Fluctuations; Downstream Enterprises Mostly Stayed on the Sidelines [SMM Tin Midday Review]
Read More
Geopolitical and Macro Stimulus Repeatedly Intensified Market Sentiment and Fluctuations; Downstream Enterprises Mostly Stayed on the Sidelines [SMM Tin Midday Review]
Geopolitical and Macro Stimulus Repeatedly Intensified Market Sentiment and Fluctuations; Downstream Enterprises Mostly Stayed on the Sidelines [SMM Tin Midday Review]
[SMM Tin Midday Review: Market Sentiment Repeatedly Intensified Fluctuations Amid Geopolitical and Macro Stimulus; Downstream Enterprises Mostly Remained on the Sidelines]
16 hours ago