【SMM Analysis: Recently, the traditional role of fundamentals in the f

Published: Apr 25, 2024 18:02

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【SMM Analysis: Recently, the traditional role of fundamentals in the formation of tin prices has significantly diminished, while capital flows and macroeconomic factors have emerged as the core forces driving the dynamics of tin prices after the new year and the recent violent fluctuations. From the perspective of capital, the position holding of Shanghai tin has shown a wide range of fluctuations of more than 10%, reflecting the behavior of some investors taking advantage of short-term opportunities to achieve profits and quickly withdraw from the market. Nevertheless, the potential disturbance effects of subsequent capital flows still cannot be ignored, and they may continue to have a significant impact on tin prices in the future. At the macroeconomic expectation level, the latest remarks by Fed officials have adjusted market expectations on the timing of interest rate cuts...】

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