SHFE Tin Prices Fluctuate Rangebound, Spot Market Faces Tight Supply [SMM Tin Midday Review]

On January 6, 2025, SMM Midday Tin Market Update: This morning, SHFE tin futures prices fluctuated rangebound. At the opening, the most-traded SHFE tin contract started the new trading day at 247,800 yuan. The market sentiment appeared relatively stable in the early trading session, with traders cautiously observing price movements. During the morning trading session, prices remained generally volatile. By midday close, the latest price of SHFE tin futures was 247,210 yuan, marking an increase of 1.7%. In the spot market, overall transactions were relatively weak, and the current supply of spot cargoes was limited, with imported tin spot being particularly scarce. However, some imported tin is expected to arrive this week, which could replenish the spot market. Considering the approach of the year-end, most trading enterprises have kept low inventory levels, and the spot market is likely to remain tight before the Chinese New Year.