SHFE Tin Prices Fluctuate Rangebound, Spot Market Transactions Mediocre [SMM Tin Midday Review]

December 26, 2024SMMMidday Tin Market Update:

Today, SHFE tin futures prices showed a fluctuating trend, with a slight increase compared to yesterday's closing price. However, as trading progressed, prices experienced minor fluctuations. By midday, SHFE tin futures prices had undergone some ups and downs. Market participants remained cautious about the future trend of tin prices, and trading activity was relatively stable. From a technical perspective, SHFE tin futures prices are expected to continue being influenced by various factors in the near term, including domestic and international economic conditions, supply-demand dynamics, and investors' market sentiment. In the international market, LME tin prices also fluctuated, showing a certain degree of correlation with SHFE tin futures prices. When analyzing SHFE tin prices, investors should also pay attention to changes in the international market. Overall, SHFE tin futures prices were stable today, but there remains some uncertainty in the market. Investors are advised to operate cautiously and plan their funds reasonably to cope with potential market fluctuations.

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