SHFE Tin Prices Continue to Decline, Spot Market Expected to Regain Momentum [SMM Tin Morning Brief]
Yesterday, spot market prices fluctuated significantly. In the morning, SHFE tin prices opened low and moved higher, then fluctuated rangebound, while the spot market also remained stable in the afternoon with a decline in transactions. Some downstream enterprises placed orders at low price levels in the morning, but overall transactions were weak. Imported spot tin remained popular. Considering the year-end closing of 2024 and shipping schedule issues in Indonesia, the inventory of imported spot tin in the spot market was relatively low, with some imported tin futures expected to arrive at ports around mid-January.
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