SHFE Tin Prices Continued to Pull Back, Spot Market Transactions Gradually Became Active [SMM Tin Morning Brief]
Last night, the SHFE tin market opened with a sharp decline, stabilizing around 247,000 yuan/mt. Subsequently, prices fluctuated rangebound near 247,500 yuan/mt. Reviewing yesterday's spot market, transactions were highly active, with some traders clearing out their inventories and entering holiday mode. As prices gradually declined, purchasing sentiment among downstream enterprises rebounded. Some companies began small-scale purchases, while others opted for a delayed pricing model. Market feedback indicated that most downstream enterprises are expected to halt production and take a break around the Little New Year, with the spot market also entering the Chinese New Year holiday. If SHFE tin prices continue to pull back, downstream enterprises may complete their pre-holiday restocking this week...
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