Geopolitical Risk Premium from DRC and Other Regions Has Not Yet Subsided, Tin Price High-Level Pattern Difficult to Change in Short Term [SMM Tin Midday Review]

Published: Dec 5, 2025 11:56

Save

[SMM Tin Midday Review: Geopolitical Risks Including DRC Continue to Drive "Premium," High Tin Prices Expected to Persist in Short Term]

On the afternoon of December 5, 2025, the most-traded SHFE tin 2601 contract closed at 317,000 yuan/mt, down 1,380 yuan, a decrease of 0.43%. After opening in the morning, SHFE tin futures moved lower across the board, with the most-traded contract once falling to 313,750 yuan, and futures were in the doldrums. Overnight, LME tin closed down 0.52% at $40,540/mt, and during today's Asian trading session, it came under further pressure, hitting a low of $39,750, reflecting overseas markets' repricing of supply disruptions and demand divergence.

DRC President Felix Tshisekedi and Rwandan President Paul Kagame formally signed a peace agreement in Washington, D.C., the US capital, on the 4th, aiming to end a 30-year conflict. The agreement was reached through mediation by multiple parties, including the US and Qatar. Before the signing, US President Donald Trump stated in a speech that the US would also sign bilateral agreements with the DRC and Rwanda that day, "opening new opportunities for the US to access critical minerals." As the situation in the DRC eased, market concerns over mine supply disruptions gradually diminished, and market sentiment also faded.

In the short term, the most-traded SHFE tin contract faces a tug-of-war near the 3.15 million yuan mark. It is expected that SHFE tin will hover at highs during the day, with a reference trading range of 313,000–323,000 yuan/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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

2 hours ago

Lack of Clear Guidance on the Geopolitical Situation, Repeated Swings in Macro Sentiment Put Futures Under Pressure Again [SMM Tin Midday Commentary]

[SMM Tin Midday Commentary: The Geopolitical Situation Lacks Clear Guidance, and Repeated Swings in Macro Sentiment Put Futures Under Pressure Again]

2 hours ago

3 hours ago

Xidian University Team Unveils Low-Cost SPAD Chip for Short-Wave Infrared Detection

It was learned from Xidian University that the team led by Professor Hu Huiyong at the university successfully developed a single-photon avalanche diode (SPAD) chip based on silicon-germanium technology, significantly reducing the manufacturing cost of short-wave infrared detection technology. This breakthrough is expected to enable high-end chips that originally cost thousands of dollars per unit to enter fields such as smartphones and automotive LiDAR at just one percent of the cost.

3 hours ago

[SMM Tin Flash News: Nomura: The Upcycle in the Chip Industry Has Yet to Peak, South Korea’s Trade Surplus Is Expected to Double]

Nomura Securities economist Jeong Woo Park said that, driven by strong semiconductor exports, South Korea’s trade surplus this year could widen from $77 billion in 2025 to around $200 billion. After South Korea’s export growth in March surged to 48% from 29% in February, affected by robust chip demand, Park wrote in a report: “There is no sign whatsoever that the chip upcycle is peaking, and strong pricing effects and artificial intelligence demand will continue to support double-digit growth.” He also downplayed concerns that the conflict in the Middle East could disrupt supplies of helium and other critical inputs needed for chip manufacturing. He noted that chip companies held three to six months of inventory of key inputs, and that the conflict was unlikely to disrupt exports.

3 hours ago