SHFE Tin Prices Fluctuate Rangebound; JFX Makes First Shipment of the Year [SMM Tin Futures Brief Review]

The SHFE tin market fluctuated rangebound during the day, with smelters still standing firm on quotes. However, actual trading activity was not high. Traders generally reported that current tin prices remain at a relatively high level, causing downstream buyers to adopt a wait-and-see approach, resulting in a mediocre overall trading atmosphere. Intraday trading volume was mainly concentrated on just-in-time procurement, with transaction prices mostly ranging from 251,000 to 252,000 yuan/mt.

Feedback from the downstream market indicates that due to persistently high tin prices, customers show weak stockpiling willingness, with most opting for a wait-and-see approach and only a few engaging in just-in-time procurement. If tin prices show a downward trend in the future, this is expected to stimulate overall stockpiling enthusiasm in the end-use market. Overall, the market remains highly focused on tin price trends, anticipating that price adjustments could enhance trading activity.