SMM Tin Morning Brief on January 16, 2025:
Last night, SHFE tin surged rapidly after opening, climbing from 244,500 yuan/mt to around 247,000 yuan/mt. However, the price subsequently fluctuated rangebound.
Looking back at yesterday's spot market, although tin prices slightly pulled back in the afternoon, downstream enterprises' purchase willingness gradually increased. However, the overall market response was not as strong as expected. Some downstream enterprises began small-scale purchases, while others remained on the sidelines.
Currently, downstream enterprises have only relatively small purchasing needs. If tin prices perform strongly in the future, some enterprises may adopt a delayed pricing model to complete pre-holiday inventory replenishment. Before the holiday, most smelters are still standing firm on quotes. The current price is at a recent low, and ore traders have not yet set prices, resulting in smelters having relatively low willingness to sell.
![El impacto marginal de las actuales subidas de tipos del dólar estadounidense se está debilitando, y los precios del estaño repuntaron ligeramente en torno al centro esta mañana [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/iLVGs20251217171753.jpg)
