According to the SMM survey, as of last Friday, the total social inventory of tin ingots across three regions monitored by SMM stood at 7,112 mt, down 431 mt WoW.
At the beginning of the week, the most-traded SHFE tin contract opened at 243,000 yuan/mt. In subsequent trading sessions, prices continued to show an upward trend, with the latest price once reaching 247,000 yuan/mt. As the trading days progressed, SHFE tin prices gradually pulled back. During mid-week trading, prices showed a slight dip, with the latest price of the most-traded SHFE tin contract hitting 241,000 yuan/mt. Approaching the weekend, SHFE tin prices rebounded slightly. According to the latest data, the closing price of the most-traded SHFE tin contract has surpassed the opening price at the beginning of the week. Notably, during Friday's trading, SHFE tin prices once touched a high of 245,000 yuan/mt, showing a significant increase compared to the beginning of the week. In summary, the price trend of the most-traded SHFE tin contract last week experienced an upward movement at the start of the week, a slight dip mid-week, and a rebound towards the weekend. Overall, market prices fluctuated significantly but gradually showed an upward trend over time. Looking ahead, the price trend of SHFE tin is expected to continue being influenced by multiple key factors, including domestic and international economic conditions, policy adjustments, and the supply and demand dynamics of the tin industry. Therefore, continuous attention and in-depth analysis of market dynamics and industry trends are crucial.
