SHFE Tin Prices Remain Volatile at High Levels, Spot Market Transactions Remain Sluggish [SMM Tin Midday Review]

Published: Jan 21, 2025 11:59

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[SMM Tin Midday Review: SHFE Tin Prices Remain Volatile at High Levels, Spot Market Transactions Sluggish] Today, tin prices consolidated at high levels. SHFE tin prices surged significantly during the night session and then fluctuated rangebound, stabilizing around 252,000 yuan/mt. Spot market prices followed suit, remaining rangebound at high levels. Morning transactions were rather dismal, with downstream enterprises showing relatively low purchasing sentiment. Traders reported mixed sales performance today; a small number indicated selling one to two truckloads in the morning, while most reported mediocre sales, primarily consisting of sporadic transactions, with more orders placed at low prices. ……

On the morning of January 21, 2025, tin prices consolidated at high levels. SHFE tin prices surged significantly during the night session and then fluctuated rangebound, stabilizing around 252,000 yuan/mt. Spot market prices also remained rangebound at high levels. Morning transactions were rather mediocre, with downstream enterprises showing relatively sluggish purchasing sentiment. Traders experienced mixed sales performance today; a small number reported selling one to two truckloads in the morning, while most reported mediocre sales, primarily consisting of sporadic transactions, with more orders placed at low prices.

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