






Daily Review of SHFE Tin Futures on March 3, 2025
I. Price Performance
Today, the most-traded SHFE tin 2504 contract closed up by 0.29% at 255,910 yuan/mt, with a trading volume of 16.066 billion yuan. Despite fluctuating rangebound during the day, prices stabilized compared to the previous two days, and market sentiment gradually recovered.
II. Market Dynamics
Supply-Side Disruptions: The expectation of the resumption of tin mines in Wa State, Myanmar, persists, but actual resumption requires a three-month preparation period, leaving the short-term tight supply situation fundamentally unchanged. Meanwhile, the escalation of M23 armed conflict in the DRC threatens local tin ore transportation, exacerbating supply uncertainties.
Demand Recovery: Following a significant pullback in tin prices, downstream enterprises' purchase willingness has rebounded, and spot market orders have increased. However, the overall recovery in consumption still requires time for validation.
III. Technical Analysis
The most-traded SHFE tin contract is currently fluctuating within the range of 252,000-255,000 yuan/mt. The MACD indicator shows weakening bearish momentum, but short-term moving averages continue to exert resistance on prices. LME tin inventory remains at low levels, while unreported inventory pressure persists.
IV. Future Outlook
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