Macro factors and mine disruptions coexist, with the most-traded SHFE tin contract closing at 268,540 yuan/mt, fluctuating at highs [SMM tin futures review]
- jul 23, 2025, at 5:17 pm
[SMM Tin Futures Brief Commentary: Macro Warmth and Mine-End Disruptions Coexist, the Most-Traded SHFE Tin 2508 Contract Closes Fluctuating at Highs of 268,540 yuan/mt] The closing price of the most-traded SHFE tin contract (SN2508) was 268,540 yuan/mt, up 0.42% from the previous day. The intraday fluctuation ranged from a high of 270,120 yuan/mt to a low of 267,660 yuan/mt, with 69,039 lots traded and a turnover of 18.565 billion yuan. The spot-futures price spread structure: Spot premiums narrowed, with Yunnan Tin brand spot premiums over futures at 700-1,000 yuan/mt. There was a strong reluctance to budge on prices in the market, but trading was sluggish. The LME tin contract was temporarily quoted at $34,025/mt, up 0.31%.
