SHFE Tin Prices Consolidate at High Levels, Showing Strong Upward Momentum Overall Last Week [SMM Tin Morning Brief]

Last week, SHFE tin prices showed an upward trend. Specifically, at the beginning of the week, SHFE tin futures closed with a 1.89% increase, settling at 247,670 yuan. This indicates that the market held an optimistic outlook on tin demand at the start of the week. During the mid-week stage, SHFE tin prices continued to fluctuate. On January 7, the change in SHFE tin was 450.00, with a % change of 0.18%, suggesting that prices stabilized after a slight rise. In the following days, although SHFE tin prices experienced some fluctuations, the overall trend remained relatively stable without significant ups and downs. In summary, SHFE tin prices last week exhibited a trend of rising initially and then stabilizing. Early in the week, prices rose significantly driven by overseas market demand, with notable market volatility, but over time, the trend gradually shifted towards stabilization.