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Home / Metal News / High Prices Suppress Purchasing; Tin Ingot Spot Market Shows "Price Without Transactions" Characteristics [SMM Tin Midday Review]

High Prices Suppress Purchasing; Tin Ingot Spot Market Shows "Price Without Transactions" Characteristics [SMM Tin Midday Review]

iconMar 17, 2025 03:47
Source:SMM
[SMM Tin Midday Review: High Prices Suppress Purchases, Tin Ingot Spot Market Shows "Price Without Market" Characteristics] On March 17, 2025, the most-traded SHFE tin futures contract opened higher but moved downwards in the morning session. The most-traded 2504 contract opened at 284,000 yuan/mt, pulled back to 280,230 yuan/mt during the session, and closed at 281,870 yuan/mt at midday, down slightly by 0.31%. Open interest decreased by 5,874 lots, and market sentiment turned cautious. LME tin also pulled back to $35,325/mt. High prices suppress purchases: Currently, tin prices are at a high level of 282,000 yuan/mt. Downstream solder enterprises show low purchase willingness, with most spot tin being sold at significant discounts, exhibiting "price without market" characteristics.

March 17, 2025 SHFE Tin Futures Most-Traded Contract Midday Commentary On March

17, 2025, the most-traded SHFE tin 2504 contract opened higher at 284,000 yuan/mt, pulled back to 280,230 yuan/mt during the session, and closed at 281,870 yuan/mt at midday, down slightly by 0.31%. Open interest decreased by 5,874 lots, and market sentiment turned cautious. LME tin also retreated to $35,325/mt. High Prices Suppress Purchases: Current tin prices at

282,000 yuan/mt remain high, with downstream solder enterprises showing weak purchase willingness. Most spot cargoes are sold at significant discounts, reflecting a "price without market" scenario.

Central Bank "Super Week" Impact: Ahead of the US Fed's interest rate meeting,

the US dollar index underwent technical corrections. Bullish funds turned cautious, with some withdrawing from the non-ferrous metals market. Technical Key Level Contest: The most-traded SHFE tin contract fluctuated above the 285,000 yuan/mt support level, while facing significant resistance at the 300,000 yuan/mt psychological threshold.

A breakthrough would require stronger momentum.

Currently, SHFE tin is in a phase of contention between supply-driven events and weak demand reality. In the short term, high-level fluctuations may persist, but attention should be paid to the progress of Congo's production resumption, inventory changes, and macro policy guidance. Investors need to balance short-term volatility with medium and long-term supply-demand imbalances, and respond rationally to market sentiment changes.

For queries, please contact William Gu at williamgu@smm.cn

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

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