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SHFE Tin Fluctuates Rangebound, Spot Market Transactions Remain Lackluster [SMM Tin Midday Review]
Dec 31, 2024, at 11:55 am
[SMM Tin Midday Review: SHFE Tin Fluctuates Rangebound, Spot Market Transactions Remain Lukewarm] This morning, SHFE tin futures prices showed a fluctuating upward trend. At the opening, the most-traded SHFE tin contract started the new trading day at 246,000 yuan. The market atmosphere appeared relatively stable in the early stages of trading, with traders cautiously observing price movements. Subsequently, as trading progressed, SHFE tin futures prices gradually became more active. During the morning trading session, prices experienced a series of mixed performance, overall oscillating. By the midday close, the latest price of SHFE tin futures stood at 245,300 yuan, with a gain of 0.25%. In terms of trading volume, it also showed a steady expansion trend...
On December 31, 2024, SMM Midday Tin Market Update:
This morning, SHFE tin futures prices showed a fluctuating upward trend. The most-traded SHFE tin contract started the day at 246,000 yuan. The market sentiment appeared relatively stable in the early trading session, with traders cautiously observing price movements. Subsequently, as trading progressed, SHFE tin futures prices became increasingly active. During the morning trading session, prices experienced a series of mixed performance, with overall fluctuations. By the midday close, the latest price of SHFE tin futures stood at 245,300 yuan, marking a 0.25% increase.
In terms of trading volume, there was a steady upward trend, indicating a gradual increase in trader participation. Looking ahead, with the gradual recovery of the global economy and the rapid development of industries such as new energy and electronics, the demand for tin, as an important industrial raw material, is expected to continue growing. Therefore, the market generally anticipates that, under the combined influence of fundamentals and technical factors, SHFE tin futures prices are likely to maintain a strong performance in the foreseeable future.
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