SMM Tin Midday Review: SHFE Tin Prices Maintain High-Level Consolidation, Spot Market Transactions Dominated by Small Orders for Immediate Needs. As of midday on April 25, 2025, the most-traded SHFE tin 2505 contract closed at 262,830 yuan/mt, up 1.14% from the previous day's settlement price. After the morning session opened, prices remained high due to expectations of easing Sino-US tariffs. Intraday trading volume reached approximately 60,200 lots, with open interest decreasing by 4,542 lots compared to the previous day.

White House Official: US Top-Level Tax Negotiators to Hold Meeting Next Week. Domestic Spot Market Transactions May Cool Down [SMM Tin Morning Briefing] White House Official: US top-level tax negotiators will hold a meeting next week. Kevin Hassett, Director of the National Economic Council, stated that the highest-level negotiators from Congress will meet with White House officials next week. Hassett mentioned that Treasury Secretary Steven Mnuchin and he will present President Trump's priorities at the meeting. Hassett referred to this meeting as the "Big Six" meeting, with the negotiators being Mnuchin, Hassett, House Speaker Mike Johnson, Senate Majority Leader John Thune, House Ways and Means Committee Chairman Jason Smith, and Senate Finance Committee Chairman Mike Crapo. Spot Market: Yesterday, the spot market transactions were mediocre. Most traders reported that transactions continued to decline yesterday. The night session of SHFE tin prices opened slightly higher and continued to rise. It is expected that downstream and end-user companies will adopt a wait-and-see attitude, and the spot market may become quiet today.

SMM Tin Futures Review: Tariff Deadlock Eases, Spot Market Transactions Cool Down. The most-traded SHFE tin 2505 contract fluctuated considerably today. After opening, it briefly surged to 262,400 yuan/mt, then pulled back. In the afternoon, some shorts took profits, leading to a slight rebound. It finally closed at 259,520 yuan/mt, up 0.36% from the previous day's settlement price. LME tin prices also fluctuated, currently at $31,750/mt.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 24 Apr, 2025

SMM Tin Midday Review: Besant Mentions "Comprehensive Agreement Possible Within Two to Three Years," SHFE Tin Prices in the Doldrums. In the morning session, the most-traded SHFE tin 2505 contract jumped initially and then pulled back. After opening, it quickly surged above 259,400 yuan/mt, but due to profit-taking by some bulls, it fluctuated and pulled back to around 258,600 yuan/mt during the session. By midday, it closed at 258,670 yuan/mt, down 0.08%. In terms of trading and open interest, the morning session saw approximately 88,900 lots traded, with open interest slightly lower than yesterday. The market sentiment leaned cautious as capital competition intensified.