SHFE Tin Prices Continue to Pull Back, Spot Market Transactions Gradually Become Active [SMM Tin Morning Brief]

Published: Jan 15, 2025 08:55

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SHFE tin prices continued to pull back, and transactions in the spot market gradually became active. [SMM Tin Morning Brief] Last night, the SHFE tin market quickly dropped after opening, stabilizing around 247,000 yuan/mt. Subsequently, prices fluctuated rangebound at 247,500 yuan/mt. Reviewing yesterday's spot market, trading was very active, with inventories of some traders already cleared out as they entered holiday mode. As prices gradually declined, purchasing sentiment among downstream enterprises rebounded, with some companies starting to make small purchases, while others opted for a later pricing model. Market feedback indicated that most downstream enterprises expected to halt production and take a break around the Little New Year, and the spot market would also enter the Chinese New Year holiday. If SHFE tin prices continue to pull back, downstream enterprises may complete their pre-holiday restocking this week...

SMM Tin Morning Brief on January 15, 2025:

Last night, the SHFE tin market opened with a sharp decline, stabilizing around 247,000 yuan/mt. Subsequently, prices fluctuated rangebound around 247,500 yuan/mt. Reviewing yesterday's spot market, trading was very active, with some traders' inventories already cleared out as they entered holiday mode. As prices gradually pulled back, downstream purchasing sentiment rebounded, with some companies making small-scale purchases and others opting for a later pricing model. Market feedback indicated that most downstream companies expected to halt production and take a break around the Little New Year, with the spot market also entering the Chinese New Year holiday. If SHFE tin prices continue to pull back, downstream companies may complete their pre-holiday restocking this week.

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