SHFE Tin Prices Consolidate at High Levels, Spot Market Transactions Remain Weak [SMM Tin Midday Review]

On January 7, 2025, SMM Midday Tin Market Update: The night session opened with the contract starting at 249,800 yuan/mt, reflecting the market's optimistic expectations for SHFE tin. However, as trading progressed, prices experienced slight fluctuations. During the morning trading session, the SHFE tin 2502 contract reached a peak of 249,800 yuan/mt, marking the highest point of the day. Subsequently, prices pulled back, hitting a low of 246,320 yuan/mt. Despite these price fluctuations, the overall trend in the morning remained relatively stable, without significant price swings. By the midday close, the latest price of the SHFE tin 2502 contract stood at 248,080 yuan/mt, pulling back from the opening price but still maintaining a relatively high level. This reflects the market's stable expectations for SHFE tin's future prices, despite short-term price volatility.