SMM Tin Midday Review: SHFE Tin Contracts Rise with Domestic Policy Boost and Weak US Dollar

Published: Mar 10, 2025 11:34

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[SMM Tin Midday Review: SHFE Tin Contracts Fluctuate Upward, Divergence Between Domestic and Overseas Markets]
This morning, the most-traded SHFE tin 2504 contract continued to fluctuate upward, closing at 262,220 yuan/mt at midday, up 290 yuan (0.11%) from the previous settlement price. During the session, it reached a high of 263,600 yuan/mt and a low of 261,020 yuan/mt, with trading volume remaining high at 59,900 lots.

Domestic policy support: The State Council's trade-in policy continues to gain traction, coupled with expectations of peak consumption seasons in downstream sectors such as semiconductors and PV, boosting market confidence in the recovery of tin demand.

Weaker US dollar support: The US dollar index remained near 103.8, driving a rebound in the metals sector. SHFE tin strengthened in tandem with LME tin in the overseas market, with LME tin currently priced at $32,470/mt.

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.

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