Latest Update in the SMM Tin Market

Based on processing data obtained through in-depth market surveys by SMM, and after thorough analysis, we observed that as of this Friday, the operating rates of refined tin smelting enterprises in Yunnan and Jiangxi provinces remained stable, with a combined figure of 65.52%.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Dec 20, 2024

Overnight, LME copper opened at $8,915.5/mt, fluctuated rangebound in early trading, and slightly rose during the session to a high of $8,936.5/mt. The center shifted downward to a low of $8,859.5/mt, and LME copper closed at $8,885/mt, down 1.77%.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Dec 19, 2024

Overnight, LME copper opened at $9,008.5/mt, briefly bottomed at $9,005.5/mt at the beginning of the session, and then fluctuated within a wide range with its center moving upward, peaking at $9,049.5/mt near the close.

Fed Chairman Jerome Powell stated at the press conference following the rate meeting that the US Fed is at or near the point of slowing interest rate cuts.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Dec 18, 2024

Overnight, LME copper opened at $8,984/mt, briefly bottomed at $8,964/mt in early trading, and then fluctuated rangebound throughout the session, reaching a high of $9,010/mt near the close and finally settling at $9,006.5/mt, down 0.65%.