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SHFE Tin Prices Opened Lower and Rebounded; Spot Market Transactions Slightly Warmed Up [SMM Tin Midday Review]

  • Jan 02, 2025, at 11:47 am
[SMM Tin Midday Review: SHFE Tin Prices Opened Lower and Rebounded, Spot Market Transactions Slightly Warmed Up] As of the midday close, the most-traded SHFE tin contract showed some price fluctuations. Today's opening price was 242,700 yuan/mt. During the morning session, prices experienced a series of ups and downs, with the highest price reaching 244,970 yuan/mt and the lowest dipping to 242,050 yuan/mt. By the midday close, the most-traded SHFE tin contract settled at 244,860 yuan/mt, down 0.81% from the previous trading day's closing price. From the morning trend, SHFE tin prices initially rose after the opening but later faced selling pressure, causing a pullback...
January 2, 2025, SMM Midday Tin Market Update: By midday close, the most-traded SHFE tin contract exhibited certain price fluctuations. Today's opening price was 242,700 yuan/mt. During the morning session, prices experienced a series of ups and downs, reaching a high of 244,970 yuan/mt and a low of 242,050 yuan/mt. By midday close, the most-traded SHFE tin contract settled at 244,860 yuan/mt, down 0.81% from the previous trading day's closing price. From the morning trend, SHFE tin prices initially rose after the opening but later faced selling pressure, leading to a pullback. Overall, market trading was active, with intense competition between bulls and bears. Despite the price fluctuations, market participants generally remained rational, and trading volumes were stable. Today's SHFE tin price movements were mainly influenced by changes in international tin prices, domestic supply and demand conditions, and macroeconomic data. While monitoring price trends, investors are also advised to closely follow related market dynamics and policy changes to make more informed investment decisions. Looking ahead, the market generally expects SHFE tin prices to stabilize and rebound as the global economy gradually recovers and tin demand increases. However, in the short term, prices may still be affected by various factors, and investors should maintain a cautiously optimistic outlook. 》Subscribe to view SMM historical spot metal prices
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