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SHFE Tin Prices Remain at High Levels with Spot Market Transactions Flat [SMM Tin Morning Brief]

  • Jan 09, 2025, at 8:56 am
SHFE Tin Prices Remain Consolidated at High Levels; Spot Market Transactions Mediocre [SMM Tin Morning Brief] During yesterday's night session, SHFE tin fluctuated at low levels before slightly rebounding, returning to the level of 252,000 yuan/mt. Overall, spot market prices followed SHFE tin prices in wide fluctuations, with spot premiums/discounts for various brands slightly reduced. Although spot premiums/discounts narrowed, considering the issue of absolute prices, spot market transactions remained mediocre yesterday. Most trading enterprises engaged in scattered transactions, while imported tin ingots, due to their lower prices, remained relatively popular in the market. However, spot imported tin remained relatively tight...
On January 9, 2025, SMM Tin Morning Brief: During yesterday's night session, SHFE tin fluctuated at low levels before slightly rebounding, returning to the position of 252,000 yuan/mt. Overall, spot market prices fluctuated widely following SHFE tin prices, with spot premiums/discounts for various brands slightly reduced. Although spot premiums/discounts narrowed, considering the issue of absolute prices, spot market transactions remained mediocre yesterday. Most trading enterprises engaged in scattered transactions, while imported tin ingots were still relatively popular due to their lower prices, and spot imported tin remained relatively tight. Most trading enterprises are not considering restocking before the holiday and plan to enter the holiday after clearing current inventory. Most downstream enterprises currently have sufficient inventory to maintain production until early next week, when some demand gaps may emerge. If tin prices decline subsequently, coupled with downstream restocking demand, the spot market is expected to witness a vibrant situation.
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