SHFE Tin Prices Rose During the Night Session, Spot Market Response Fell Short of Expectations [SMM Tin Midday Review]

Published: Jan 8, 2025 11:45

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[SMM Tin Midday Review: SHFE Tin Prices Rose During Night Session, Spot Market Response Fell Short of Expectations] The price of the SHFE tin 2502 contract showed some volatility during the night session. At the opening, the SHFE tin 2502 contract started the day's trading at 249,200, significantly higher compared to the previous trading day's closing price. As market trading progressed, the price gradually climbed, reaching a high of 252,920, reflecting strong demand for tin in the market. During the morning trading session, the trading volume of the SHFE tin 2502 contract was also active...

January 8, 2025SMMMidday Tin Market Update:

The price of the night session SHFE tin 2502 contract showed some volatility. At the opening, the SHFE tin 2502 contract started the day’s trading at 249,200, significantly lower compared to the previous trading day’s closing price. As market trading progressed, the price gradually climbed, reaching a high of 252,920, indicating strong demand for tin in the market. During the morning trading session, the trading volume of the SHFE tin 2502 contract was also active. In terms of price, the SHFE tin 2502 contract showed an upward trend during the morning session. The gap between the best bid price and the best ask price gradually narrowed, reflecting a balance of power between buyers and sellers. The latest price was 251,050, up 1.21% from the opening price, demonstrating strong market performance.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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