SMM

[SMM Tin Futures Brief Review: Traditional Solder Consumption Weakens Due to Off-Season, Spot Market Transactions Dominated by Just-in-Time Procurement] On February 25, 2025, the opening price of the most-traded SHFE tin 2503 contract was 264,290 yuan/mt, with an intraday high of 264,900 yuan/mt and a low of 262,020 yuan/mt, ultimately closing at 263,300 yuan/mt, down 0.93% from the previous trading day. The trading volume reached 11.94 billion yuan, and open interest fluctuated slightly. Today, SHFE tin futures exhibited a volatile pullback trend. In the morning session, supported by low LME tin inventory levels and tight domestic tin ore supply, prices briefly surged to 265,500 yuan/mt. However, due to the rebound in the US dollar index suppressing risk assets and profit-taking by bulls, prices pulled back to around 262,400 yuan/mt. In the afternoon, market sentiment failed to recover, and the closing price dropped to 263,300 yuan/mt. From a technical perspective, the most-traded SHFE tin contract faced resistance in the range of 262,000-265,000 yuan/mt. The MACD indicator showed shrinking red bars, and trading volume did not expand significantly, suggesting potential short-term adjustment pressure...