SHFE Tin Prices Rose During the Night Session, Spot Market Response Fell Short of Expectations [SMM Tin Midday Review]

January 8, 2025SMMMidday Tin Market Update:

The price of the night session SHFE tin 2502 contract showed some volatility. At the opening, the SHFE tin 2502 contract started the day’s trading at 249,200, significantly lower compared to the previous trading day’s closing price. As market trading progressed, the price gradually climbed, reaching a high of 252,920, indicating strong demand for tin in the market. During the morning trading session, the trading volume of the SHFE tin 2502 contract was also active. In terms of price, the SHFE tin 2502 contract showed an upward trend during the morning session. The gap between the best bid price and the best ask price gradually narrowed, reflecting a balance of power between buyers and sellers. The latest price was 251,050, up 1.21% from the opening price, demonstrating strong market performance.