SHFE Tin Prices Fluctuate Significantly with Spot Market Boom

Published: Dec 23, 2024 08:57

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Last week, SHFE tin prices saw a significant decline, with spot market transactions booming. [SMM Tin Morning Brief] Last week, SHFE tin prices experienced notable volatility. Specifically, at the beginning of the week, the most-traded SHFE tin contract closed at 248,900 yuan/mt, down 1.1% from the previous trading day. Influenced by the high-level fluctuations of the US dollar index, SHFE tin prices exhibited corresponding volatility. During mid-week, the price of the most-traded SHFE tin contract continued to decline, impacting market sentiment to some extent, with the overall price trend appearing slightly weak. By Thursday, the price of the most-traded SHFE tin contract briefly rebounded but then pulled back again...

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