SMM

SMM Tin Morning Brief on December 30, 2024: Last week, SHFE tin prices fluctuated rangebound. Specifically, at the beginning of the week, the most-traded SHFE tin contract saw a slight rebound. However, during the night session early in the week, SHFE tin prices exhibited corresponding volatility, opening lower and pulling back continuously. Mid-week, the most-traded SHFE tin contract prices rebounded slightly, impacting market sentiment to some extent, though the overall price trend appeared somewhat weak. By Thursday, the most-traded SHFE tin contract prices showed a rangebound trend. During this period, market sentiment was mediocre, with traders mostly adopting a wait-and-see approach. By the weekend, prices edged down slightly during the late session, with the market's primary focus remaining on supply and demand dynamics and changes in the macroeconomic environment. From a broader perspective, the most-traded SHFE tin contract prices primarily fluctuated rangebound this week, mainly influenced by increased supply, demand-side fluctuations, and the macroeconomic environment. In the spot market, consumption activity was relatively mediocre this week, with daily trading volumes for some trading enterprises reaching 20-50 mt. Traders adopted a more cautious stance amid the complex and volatile market environment, with a dominant wait-and-see sentiment. Looking ahead, SHFE tin prices are expected to maintain wide fluctuations.