Tin Daily Review, Jun 2025
Today, the tin market futures opened higher and fluctuated upward. The most-traded SHFE tin contract opened at 435,000 yuan/mt during last night's night session and at 438,150 yuan/mt in today's morning session. The center then continued to shift upward, closing at 449,820 yuan/mt in the morning session, recording an overall gain of 5.19%. LME side, LME three-month tin fluctuated at highs, temporarily quoted at $58,000/mt, up 2.1%.
On the macro front:
(1) Iranian media reported that Iran halted negotiations with the US, threatened to block the Bab el-Mandeb Strait, and plans to fully blockade the Strait of Hormuz, targeting Israel's military operations in Lebanon.
(2) US President Trump stated that he expects to reach a deal with Iran "within the next week" to extend the current ceasefire arrangement and reopen the Strait of Hormuz.
Spot side, as prices strengthened rapidly, spot market trading was sluggish. Some suppliers narrowed down their premium quotes slightly, with mainstream brand premiums quoted at 1,000-1,300 yuan/mt today. Despite a slight easing in market quotes, downstream enterprises showed weak willingness to purchase at highs given the over 5% single-day gain in futures.
Overall, coverage of the tin market by major financial media channels brought greater market attention and stimulated bullish sentiment. The most-traded SHFE tin contract is expected to continue fluctuating at highs in the near term, with the trading center likely to gradually rise driven by sentiment. Close attention should be paid to the substantive progress of geopolitical agreements and the degree to which actual domestic demand is suppressed under the high-price environment.
![The Most-Traded SHFE Tin Contract Continued to Surge During the Night Session, Further Suppressing Spot Market Transactions [SMM Tin Morning Brief]](https://imgqn.smm.cn/usercenter/WPbpj20251217171753.jpg)
