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MMi
SHFE Tin Prices Rebound Slightly as Downstream Enterprises Await Better Restocking Opportunities [SMM Tin Midday Review]
Jan 10, 2025, at 11:38 am
[SMM Tin Midday Review: SHFE Tin Prices Slightly Rebound as Downstream Enterprises Await Better Restocking Opportunities]
On the morning of January 10, 2025, the SHFE tin 2502 contract in the futures market showed some fluctuations. The SHFE tin 2502 contract opened trading at 251,000 yuan/mt, with slight changes compared to the previous trading day's closing price. Shortly after the opening, the SHFE tin 2502 contract price quickly climbed to the day's high of 252,320 yuan/mt, reflecting strong market demand for tin. From a technical analysis perspective, the SHFE tin 2502 contract exhibited certain oscillation characteristics in its morning performance...
January 10, 2025, SMM Midday Tin Market Update: On the morning of January 10, 2025, the price of the most-traded SHFE tin 2502 contract in the futures market showed some fluctuations. At the opening, the most-traded SHFE tin 2502 contract started trading at 251,000 yuan/mt, with slight changes compared to the previous trading day's closing price. Shortly after the opening, the price of the most-traded SHFE tin 2502 contract quickly climbed to the day's high of 252,320 yuan/mt, indicating strong demand for tin in the market. From a technical analysis perspective, the most-traded SHFE tin 2502 contract exhibited certain oscillation characteristics in its morning performance. The price repeatedly tested the highs and lows without forming a clear unidirectional trend. This movement may suggest that the market is seeking new directional guidance or awaiting clearer fundamental information.
