US Dollar Strengthens, SHFE Tin Prices Weaken Overall [SMM Tin Midday Review]

December 27, 2024, SMM Midday Tin Market Update: This morning, SHFE tin futures prices showed a fluctuating downward trend. At the opening, the most-traded SHFE tin contract started the day at 245,000 yuan, slightly higher than the previous day's closing price of 244,660 yuan. Market trading was active, and as trading progressed, prices gradually exhibited a downward trend. From the futures market data, as of the midday close, SHFE tin futures contracts generally recorded declines. In terms of the extent of the decline, although the overall drop was relatively small, the continued downward movement reflected the market's active attention to macro factors. Today's decline in SHFE tin prices was mainly influenced by macroeconomic factors. A strong US dollar weighed on metal prices, with most metals showing a broad-based decline this morning. Looking ahead, the market generally expects SHFE tin prices to show an upward trend under the dual influence of economic recovery and tightening supply. However, investors should also remain cautious about potential risks, such as a slowdown in global economic growth and escalating trade frictions, which could negatively impact tin prices. 》Subscribe to view SMM historical spot metal prices