Orders in downstream industries such as electronic solder are suppressed by high prices, compounded by the traditional consumer sector entering the off-season [SMM Tin Brief Commentary]

Daily Review of the Most-Traded SHFE Tin Contract on June 11, 2025

On June 11, 2025, the most-traded SHFE tin contract (SN2507) closed at 265,340 yuan/mt, up 0.66% from the previous day, with a trading volume of 18.299 billion yuan. The intraday fluctuation range was 264,010-266,110 yuan/mt.

​​Tin Ore Import Restrictions​​: Due to the suspension of transportation routes in southern Myanmar by Thailand (starting from June 4) and internal transportation disruptions in Myanmar, China's tin ore imports in June are expected to decrease by 500-1,000 mt (metal content). Additionally, the production resumption progress in the Wa region of Myanmar is slow, with power system repairs requiring at least three months, making it difficult to change the tight supply situation in the short term.

​​Weak Traditional Demand​​: Industry orders for downstream electronic solder and tinplate have been suppressed by high prices, causing the operating rate of some enterprises to fall below 60%.

​​Short-Term (1-2 Weeks) Outlook​​: Tight ore supply and macroeconomic easing will support prices, but the contradiction between weak traditional demand and high prices suppressing procurement may limit the upside. The most-traded SHFE tin contract is expected to experience sideways movement within the range of 260,000-268,000 yuan/mt.

Spot Market: Overall trading activity was sluggish, with some traders not yet restocking their inventories. Some traders reported transactions of around 10 mt, with market transactions dominated by just-in-time procurement. Traders are cautious about restocking.