[SMM Tin Market Brief: Market Sensitivity to Mine-Side Disruptions Declines, SHFE Tin Prices Show a Rebound After Initial Dip During the Day]
The most-traded SHFE tin SN2504 contract closed at 281,780 yuan/mt today, up 0.39% from the previous trading day's settlement price, with a trading volume of 41.394 billion yuan. Open interest decreased by 1,480 lots to 26,157 lots, showing a rebound after an initial dip during the day.
Daily chart pattern: SHFE tin formed a long lower shadow bullish candlestick, stabilizing above the psychological level of 280,000 yuan/mt. The MACD red bars narrowed, short-term moving averages intertwined, with resistance at 284,000 yuan/mt (previous high) and support at 278,000 yuan/mt (20-day moving average).
Capital flows: The trading volume of the most-traded contract shrank to 147,114 lots, while open interest continued to decline, indicating a short-term rise in risk-averse sentiment. The ceasefire agreement in eastern DRC may facilitate the restart of the Bisie tin mine, but no agreement has been reached yet, and market sensitivity to mine-side disruptions has declined...
Daily Commentary on the Most-Traded SHFE Tin Contract (March 19, 2025)
The most-traded SHFE tin SN2504 contract closed today at 281,780 yuan/mt, up 0.39% from the previous trading day's settlement price. The trading value reached 41.394 billion yuan, while open interest decreased by 1,480 lots to 26,157 lots, showing an intraday trend of initial decline followed by a rebound.
Daily Chart Pattern: SHFE tin formed a long lower shadow bullish candlestick, stabilizing above the psychological level of 280,000 yuan/mt. The MACD red bars narrowed, with short-term moving averages entangled. The resistance level is at 284,000 yuan/mt (previous high), while the support level is at 278,000 yuan/mt (20-day moving average).
Capital Flows: The trading volume of the most-traded contract shrank to 147,114 lots, and open interest continued to decline, indicating a short-term rise in risk-averse sentiment.
The ceasefire agreement in eastern DRC may facilitate the restart of the Bisie tin mine, but no agreement has been reached yet, and market sensitivity to disruptions on the mining side has decreased.
