SHFE Tin Prices Fluctuate Rangebound; Spot Market Transactions Halted [SMM Tin Morning Brief]

SHFE Tin Prices Fluctuate Rangebound, Spot Market Transactions Halted [SMM Tin Morning Brief] On January 27, the latest "China Auto Dealers Inventory Alert Index Survey" (VIA) released by the China Automobile Dealers Association showed that the Vehicle Inventory Alert Index for Chinese auto dealers in January 2025 stood at 62.3%, up 2.4 percentage points YoY and 12.1 percentage points MoM. The inventory alert index remained above the 50 mark, indicating that the automotive circulation industry was in a sluggish zone. During yesterday's night session, SHFE tin prices exhibited a rangebound trend without significant volatility. In the futures market, the price of the most-traded SHFE tin contract stabilized at 248,000 yuan/mt. Due to downstream and end-user enterprises entering the Chinese New Year holiday, there were no tin ingot transactions in the spot market. It is expected that the spot market will gradually resume transactions after the holiday as downstream and end-user enterprises return to work.