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.
