Last Night SHFE Tin Prices Rose Slightly, Fluctuating Trend May Persist Before the Holiday [SMM Tin Morning Brief Dec 25]

In yesterday's trading, the SHFE tin market exhibited a relatively stable trend. At the opening, SHFE tin prices rose slightly, mainly driven by positive news from overseas markets. As trading progressed, market sentiment remained relatively optimistic, with investors' expectations for the year-end consumption peak providing some support for tin prices. By the close of trading yesterday, the most-traded SHFE tin contract rose slightly, with prices fluctuating within a range. From an overall trend perspective, market activity appeared somewhat cautious, and open interest showed relatively small changes, indicating that investors are gradually adopting a wait-and-see approach before the holiday. Yesterday, overseas markets provided some support for domestic tin prices, particularly with the slight increase in London Metal Exchange (LME) tin prices, which boosted market confidence. Additionally, stable demand from domestic downstream industries and a slightly tight supply side also provided fundamental support for tin prices.

Looking ahead to today, as the Christmas holiday approaches, market trading activity may decline. However, close attention should be paid to further developments in international markets and changes in macroeconomic data, as these may impact market sentiment after the holiday. Investors are advised to remain cautious and manage risk positions prudently.