The most-traded SHFE tin contract was in the doldrums at high levels today, and market trading recovered slightly. [SMM Tin Midday Review]

During the afternoon session on December 26, 2025, the most-traded SHFE tin contract SN2602 closed at 333,460 yuan/mt, down 500 yuan/mt from the previous settlement price, a decrease of approximately 0.15%. The futures overall hovered at highs, showing a relatively weak downward trend during the morning and afternoon sessions today, with the highest price reaching 344,470 yuan/mt and the lowest touching 332,820 yuan/mt, resulting in an intraday fluctuation of 11,650 yuan. The London Metal Exchange (LME) was closed for the past two days.

Today's price was at the low for the week. Downstream players mostly adopted a cautious wait-and-see approach yesterday, with inquiries slightly increasing but overall transactions remaining limited; after the market weakened in the morning session today, trading volume saw a small increase. Year-end order demand from downstream sectors performed steadily, with enterprises mostly maintaining stable operations, and no large-scale stockpiling activities were observed.