SHFE Tin Prices Remain Stable, Spot Market Transactions Mediocre [SMM Tin Midday Review]

Published: Jan 9, 2025 11:57

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[SMM Tin Midday Review: SHFE Tin Prices Remain Stable, Spot Market Transactions Mediocre] As of the midday close, the SHFE tin 2502 contract exhibited a steady performance. During the morning session, the price of the SHFE tin 2502 contract experienced slight fluctuations. Shortly after the opening, prices were driven upward by buying interest, rising steadily. However, overall, the morning price movement remained near the opening price, reflecting the market's stable stance on the SHFE tin 2502 contract. According to the latest data, as of midday, the latest price of the SHFE tin 2502 contract was 252,400 yuan/mt, showing some changes compared to the opening price...

January 9, 2,025 SMM Midday Tin Market Update: By midday close, the SHFE tin 2,502 contract exhibited a steady performance. During the morning session, the SHFE tin 2,502

contract price experienced slight fluctuations. Shortly after the opening, the price was supported by buying interest and rose steadily. However, overall, the morning price movement remained near the opening price, reflecting the market's stable sentiment toward the SHFE tin 2,502 contract. According to the latest data, as of midday, the latest price of the SHFE tin 2,502 contract was 252,400 yuan/mt, showing some change from the opening price, but the % change remained at a low level. Changes in trading volume and open interest also reflected investors' attention and trading activity for this contract. From a technical analysis perspective, the SHFE tin 2,502 contract demonstrated certain support during the morning session, but resistance was also evident. Investors should remain cautious in their operations and closely monitor market dynamics and fundamental changes.

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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