The Market Remains Cautious About the March Rate Meeting; Significant Resistance at 265,000 Yuan/mt for SHFE Tin [SMM Tin Futures Brief Review]
- feb 19, 2025, at 5:03 pm
[SMM Tin Futures Brief Review: Market Cautious About March Interest Rate Meeting, SHFE Tin Faces Significant Resistance at 265,000 Yuan/mt]
On February 19, 2025, the most-traded SHFE tin futures contract (SN2503) fluctuated downward. The opening price was 262,320 yuan/mt, slightly lower than the previous trading day's settlement price. During the session, it reached a high of 262,880 yuan/mt and a low of 259,990 yuan/mt, eventually closing at 261,550 yuan/mt, down 0.34% from the previous day's settlement price. The intraday trading volume amounted to 13.211 billion yuan.
Domestic inventory buildup intensified: Tin inventory at the Shanghai Futures Exchange increased to 6,736 mt, up by 431 mt compared to the previous trading day...
