SMM Tin Morning Brief on March 10, 2025: SHFE tin prices showed a steady upward fluctuation pattern last week, with the price center moving higher compared to the previous week. In the first half of the week, influenced by expectations of the resumption of tin mine production in Wa State, Myanmar, SHFE tin extended its decline and fluctuated rangebound between 252,000-255,000 yuan/mt. In the latter half of the week, as the US dollar index pulled back and downstream restocking demand emerged at lower prices, prices gradually stabilized and rebounded, returning to 263,000 yuan/mt on Friday, with the most-traded contract rising by more than 2%. Overall, SHFE tin prices fluctuated within the range of 255,000-265,000 yuan/mt. In the spot tin ingot market, transactions slightly improved last week, with downstream enterprises increasing just-in-time procurement. However, overall consumption remained focused on "restocking at lower prices," with limited acceptance of high prices. Most downstream enterprises postponed large-scale stockpiling, awaiting clearer policy signals.
SHFE Tin Prices Steadily Rise, Overall Consumption Still Focused on "Restocking on Dips" [SMM Tin Morning Brief]
- Mar 10, 2025, at 8:50 am
SHFE Tin Prices Steadily Increased, Overall Consumption Dominated by "Buying on Dips" [SMM Tin Morning Brief]
From February 28 to March 7, 2025, SHFE tin prices exhibited a steady upward trend, with the price center moving higher compared to the previous week. In the first half of the week, influenced by expectations of the resumption of tin mine production in Wa State, Myanmar, SHFE tin extended its downward trend and fluctuated rangebound between 252,000-255,000 yuan/mt. In the latter half of the week, as the US dollar index pulled back and downstream restocking demand on dips emerged, prices gradually stabilized and rebounded, returning to 263,000 yuan/mt on Friday, with the most-traded contract rising by over 2%. Overall, SHFE tin prices fluctuated within the range of 255,000-265,000 yuan/mt.
In the spot tin ingot market, transaction activity slightly improved last week, with an increase in just-in-time procurement by downstream enterprises. However, overall consumption remained dominated by "buying on dips," with limited acceptance of high prices. Most downstream enterprises postponed large-scale stockpiling, awaiting clearer policy signals.
