After a slight rally in SHFE tin prices during the night session yesterday, they pulled back. The spot market reaction this week was relatively mediocre. [SMM Tin Morning Brief]

December 27, 2,024 SMM Tin Morning Briefing: Yesterday, the SHFE tin market overall showed a fluctuating pullback trend. At the opening, market sentiment leaned cautious due to a stronger US dollar and slowing global economic growth. During trading, prices once reached an intraday high of 245,000 yuan/mt but later pulled back as profit-taking emerged. In the afternoon session, SHFE tin prices remained under pressure, hitting a low of 24.5 yuan/mt, marking a decline compared to the previous day. Market participants focused on changes in consumption demand and fluctuations in inventory levels. Although tin prices faced some short-term pressure, most downstream enterprises remained optimistic about long-term demand, believing that demand for NEVs and electronic products would gradually recover. Overall, the price fluctuations in SHFE tin yesterday reflected the market's cautious attitude toward the global economic outlook, with investors awaiting more macroeconomic data to assess future trends.