SHFE Tin Prices Poised to Rise; Spot Market Sees Tightening Supply of Liquid Cargoes [SMM Tin Morning Brief]

SMM Tin Morning Brief on January 6, 2025: At the beginning of last week, the most-traded SHFE tin contract opened at 243,000 yuan/mt. In subsequent trading, prices continued to show an upward trend, with the latest price once reaching 247,000 yuan/mt. As the trading days progressed, SHFE tin futures prices gradually pulled back. During mid-week trading, a slight bottoming out was observed, with the latest price of the most-traded SHFE tin contract once reaching 241,000 yuan/mt. Approaching the weekend, SHFE tin futures prices rebounded slightly. According to the latest data, the closing price of the most-traded SHFE tin contract has exceeded the opening price at the beginning of the week, indicating stronger market buying momentum. Notably, during Friday's trading, SHFE tin futures prices once hit a high of 245,000 yuan/mt, marking a significant increase compared to the beginning of the week. In summary, last week, the price trend of the most-traded SHFE tin contract experienced an upward movement at the start of the week, a slight dip mid-week, and a rebound towards the weekend. Overall, market prices fluctuated significantly but gradually showed an upward trend over time.