In yesterday's night session, SHFE tin prices experienced a slight uptick, briefly breaking the significant threshold of 250,000 yuan before quickly retreating and entering a stable sideways consolidation phase. In contrast, the spot market yesterday saw a rather quiet trading atmosphere, with overall trading volume at a low level.
On the smelter side, although most manufacturers' quotes remained stable around 250,000 yuan, actual shipments were not ideal, reflecting weak market demand. Trading enterprises actively quoted prices to seek trading opportunities; however, the market response was tepid, with most downstream enterprises choosing to wait and see, expecting prices to fall further. Only a few downstream enterprises made purchases due to rigid demand.
From the overall market trading situation, activity remained sluggish. Most trading enterprises' trading volumes were limited to scattered transactions, with only a few enterprises able to achieve a truckload of trading volume. Currently, most market participants are closely watching whether tin prices can effectively break the key level of 250,000 yuan/mt, using this as an important basis for judging future price trends. Until the price direction becomes clearer, the market is expected to maintain the current wait-and-see stance.
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