SMM Morning Meeting: Policies, Tight Inventory Boost SHFE Tin Prices; Positive Outlook for Energy & Electronics Demand

Published: Dec 30, 2024 09:15
[SMM Morning Meeting Summary: Policies Expected to Support Price Increase, Tightening Inventory Provides Strong Support for SHFE Tin]
China, as the world's largest tin consumer market, has its economic performance significantly influencing SHFE tin prices. Recently, the Chinese government has continued to implement economic stimulus policies to drive recovery, which may push SHFE tin prices upward.

Supply side, tin ore production in major domestic and international regions remains relatively stable. However, it is worth noting that supply tightens may occur in some areas due to environmental protection or policy reasons. Meanwhile, global tin inventory remains at relatively low levels, providing some degree of price support. If supply uncertainties arise, SHFE tin prices may experience a short-term increase.

Energy and electronics industry demand: In the long term, with the continuous development of the new energy industry, especially the demand for tin in the EV and renewable energy sectors, the outlook remains positive...

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