Social Inventory of Tin Ingots by Region on January 10, 2025 [SMM Data]

According to the SMM survey, as of last Friday, the total social inventory of tin across three regions monitored by SMM reached 7,342 mt, marking an inventory buildup of 230 mt WoW.

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 view of tin demand at the start of the week. During mid-week, SHFE tin prices continued to fluctuate. The latest price on January 7 was 252,070 yuan, with a change of 450 yuan and 0.18%, reflecting a slight rise before stabilizing. 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 an initial rise followed by stabilization. Early in the week, prices rose significantly, driven by overseas market demand, with notable market volatility. However, as the week progressed, the trend gradually shifted towards stabilization. Looking ahead, SHFE tin price movements are expected to continue being influenced by multiple key factors, including domestic and international economic conditions, policy adjustments, and the supply and demand dynamics of the tin industry. Therefore, continuous monitoring and in-depth analysis of market trends and industry developments are crucial.