SHFE Tin Prices Remain in a High-Level Fluctuation Pattern, Spot Market Transactions Stagnate [SMM Tin Midday Review]

Published: Feb 21, 2025 11:32

Save

[SMM Tin Midday Review: SHFE Tin Prices Hover at Highs, Spot Market Transactions Stagnant] On the morning of February 21, 2025, the SHFE tin 2503 contract fluctuated rangebound. The opening price was 264,700 yuan/mt, with an intraday high of 263,800 yuan/mt, and finally closed at 264,030 yuan/mt, up 3,090 yuan or 1.18% from the previous trading day. Trading volume reached 46,600 lots, while open interest decreased by 1,950 lots to 23,700 lots. From a technical perspective, the most-traded SHFE tin contract hovered at highs within the range of 260,000 to 265,000 yuan/mt, lacking a clear short-term direction. The spot market remained sluggish this morning, with overall transaction volumes staying low. Downstream enterprises reported a decline in end-user orders, with many adopting a wait-and-see approach.

February 21, 2025, Midday Review of SHFE Tin 2503 Contract

On the morning of February 21, 2025, the SHFE tin 2503 contract fluctuated rangebound. The opening price was 264,700 yuan/mt, with an intraday high of 263,800 yuan/mt, and it eventually closed at 264,030 yuan/mt, up 3,090 yuan or 1.18% from the previous trading day. The trading volume was 46,600 lots, and open interest decreased by 1,950 lots to 23,700 lots.

From a technical perspective, the most-traded SHFE tin contract hovered at highs within the range of 260,000 to 265,000 yuan/mt, lacking a clear direction in the short term. The spot market remained sluggish this morning, with overall trading volume staying low. Downstream enterprises reported a decline in end-user order volumes, with many adopting a wait-and-see approach.

In the short term, SHFE tin futures prices are expected to hover at highs, with a reference range of 262,000 to 268,000 yuan/mt. Tight supply conditions and potential growth in new energy demand will continue to support tin prices, but uncertainties in macro policies and weak traditional consumption may limit the upside room for prices. Investors should closely monitor the progress of tin mine resumption in Myanmar and the recovery of downstream orders.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 16:14

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

Feb 6, 2026 16:14

Feb 6, 2026 11:59

The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend]

Feb 6, 2026 11:59

Feb 6, 2026 08:49

The most-traded SHFE tin contract fluctuated rangebound during the night session, with downstream enterprises mostly following up with small-lot transactions. [SMM Tin Morning Brief]

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Fluctuated Rangebound During the Night Session, Downstream Enterprises Mostly Followed Up with Small-Lot Transactions]

Feb 6, 2026 08:49