SMM Tin Midday Review: Strong US Dollar Pressures SHFE Tin Prices Downwards

Published: Dec 27, 2024 11:38

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[SMM Tin Midday Review: Strong US Dollar Drives SHFE Tin Prices Lower] 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 drop, although the overall decline 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 macro factors, with the US dollar showing a relatively strong performance...

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