SHFE Tin Prices Pulled Back During the Night Session; The Spot Market May Usher in the Final Active Period [SMM Tin Morning Brief]

SMM Tin Morning Brief on January 14, 2025:

During yesterday's night session, SHFE tin prices opened lower and continued to decline before stabilizing at the level of 248,000 yuan/mt. Reviewing yesterday's spot market, trading activity was relatively low, with some traders recording a trading volume of only around 10 mt; meanwhile, some traders had already cleared their inventory. This week is expected to be the last active trading period before the Chinese New Year holiday. As the holiday approaches, most downstream enterprises and traders are expected to suspend operations next week, and the spot market will enter a dormant state. It is anticipated that within this week, if tin prices experience a slight decline, downstream enterprises may be motivated to seize the opportunity to make final inventory replenishments before the holiday. However, if tin prices rebound to 252,000 yuan/mt, some downstream enterprises may opt for a post-pricing model to complete minor inventory replenishments before the holiday.