US Tariff Policy Pressure on Metal Prices, Spot Market Transactions Nearly Stalled [SMM Tin Morning Brief]

Publicado: Jan 24, 2025 09:10

Partilhar

Guardar

US Tariff Policy Pressures Metal Prices; Spot Market Transactions Nearly Stalled [SMM Tin Morning Brief] Recently, former US President Trump claimed that the US government is considering imposing a 10% tariff on goods imported from China starting February 1. This announcement immediately sparked concerns about a potential escalation in trade tensions, which could significantly impact the price trends of metals such as tin. During yesterday's night session, SHFE tin prices showed a sideways consolidation trend without exhibiting volatility. In the futures market, the price of the most-traded SHFE tin contract remained stable at 246,000 yuan/mt...

2025 January 24 SMM Tin Morning Brief: Recently, former US President Trump claimed that the US government is considering imposing a 10% tariff on goods imported from China starting February 1. This announcement immediately sparked concerns in the market about a potential escalation in trade tensions, which could significantly impact the price trends of metals such as tin. During yesterday's night session, SHFE tin prices showed a sideways consolidation trend without significant volatility. In the futures market, the price of the most-traded SHFE tin contract remained stable at 246,000 yuan/mt. However, in the spot market, due to the approaching Chinese New Year holiday, most upstream and downstream enterprises have already or are about to enter holiday mode, resulting in inactive spot trading.

Regarding the premiums and discounts of domestic tin ingot brands, small-brand tin ingots were quoted at parity to premiums of 200 yuan/mt against the SHFE 2502 contract. Delivery brands were quoted at premiums of 300 to 800 yuan/mt against the SHFE 2502 contract. Notably, Yunnan tin brand quotations against the SHFE 2502 contract showed a larger premium range, reaching 1,000 to 1,100 yuan/mt. Meanwhile, imported tin brands' spot quotations were at discounts of 800 to 1,000 yuan/mt against the SHFE 2502 contract.

As the week concludes, the spot market will also follow the holiday rhythm and enter a resting phase. Coupled with the suspension of logistics services, spot trading will essentially come to a halt. To meet post-holiday production needs, some enterprises have adopted a strategy of fixing prices before the holiday and picking up goods afterward. Based on the current market conditions and the impact of the holiday factors, SHFE tin prices are expected to fluctuate downward today. Market participants should closely monitor international trade developments and the post-holiday market recovery to make more informed investment decisions.

Declaração sobre a Fonte de Dados: Com exceção das informações publicamente disponíveis, todos os demais dados são processados pela SMM com base em informações publicamente disponíveis, comunicação de mercado e com base no modelo de base de dados interna da SMM. São apenas para referência e não constituem recomendações para a tomada de decisão.

Para quaisquer perguntas ou para obter mais informações, entre em contato: lemonzhao@smm.cn

Para mais informações sobre como aceder aos nossos relatórios de investigação, entre em contato:service.en@smm.cn

Notícias Relacionadas

há 7 horas

Dados: movimentação do mercado SHFE, DCE (07 ago)

Leia mais

[Análise SMM] Dados de Importação e Exportação de Enxofre e Ácido Sulfúrico da Indonésia em Junho

Importações de enxofre: 336 900 toneladas, alta de 21% na comparação mensal, queda de 26% na anual. Principais fornecedores: Canadá, Arábia Saudita, Cazaquistão, Malásia, Singapura, Taiwan (China), Japão, Vietnã, Coreia do Sul e Filipinas. Exportações de enxofre: 54 800 toneladas, aumento acentuado tanto na comparação mensal quanto na anual. Principais destinos: Malásia, China, Timor-Leste e Alemanha. Importações de ácido sulfúrico: 111 200 toneladas, alta de 101% na comparação mensal e 150% na anual. Principais fornecedores: Coreia do Sul, Japão e China.

há 12 horas

Notícias Relacionadas

Dados: movimentação do mercado SHFE, DCE (07 ago)

Aug 07, 2026 16:14

Flutuações do Dólar Americano Dominam as Flutuações dos Futuros, Contrato de Estanho Mais Negociado da SHFE se Consolida pela Manhã [Revisão do Meio-Dia de Estanho da SMM]

Aug 07, 2026 11:45

[Análise SMM] Dados de Importação e Exportação de Enxofre e Ácido Sulfúrico da Indonésia em Junho

Aug 07, 2026 11:12

Touros realizam lucros antes do relatório de emprego não-agrícola; a sessão noturna do estanho 2609 na SHFE fecha a 431.080 iuanes por tonelada métrica [Relatório Matinal de Estanho da SMM]

Aug 07, 2026 09:02