[SMM Morning Meeting Summary: Macro Headwinds Persist, and the Tin Market in and Outside China Overall Continued to Fall]

[SMM Tin Morning Brief: During the 2026 Chinese New Year Holiday, SHFE Tin Market Was Closed While LME Tin Prices Fluctuated at Highs]

[SMM Morning Meeting Minutes: SHFE Tin Market Post-Holiday Outlook Supply-Demand Imbalance and Price Gameplay Amid Fluctuations at Highs]

[SMM Tin Futures Review: SHFE and LME Tin Futures Fluctuate Synchronously, Market Remains Cautious and Watchful Amid Highs]

[SMM Tin Futures Review: SHFE and LME Tin Prices Strengthened Simultaneously, Spot Cargo Trading Sluggish Amid Macro Turmoil]

[SMM Tin Futures Briefing: SHFE Tin Futures Experience Significant Correction, Expected to Continue Adjustment Pattern]

[SMM Tin Futures Review: SHFE Tin Retreats After Rapid Rise Showing Weakness, Fluctuating at Highs Pattern to Continue]

[SMM Commentary on SHFE Tin Futures: On the Eve of the US Fed's June Interest Rate Meeting, the Most-Traded SHFE Tin Contract Continues to Fluctuate] In the spot market, the resumption of tin ore production in Myanmar has been slow. Although some miners have applied to resume production, strict approval processes, coupled with transportation restrictions during the rainy season, have kept actual imports at a low level. Meanwhile, Thailand's policy of banning Myanmar from using its territory to transport tin ore has exacerbated the tight supply, with an estimated impact of 500-1,000 mt (metal content) on domestic monthly supply.

[SMM Tin Midday Review: The tin market exhibits a pattern of "strong supply support but weak demand reality," with both SHFE tin and LME tin lacking the momentum for a unilateral breakthrough.] At midday today, the most-traded SHFE tin contract (SN2507) maintained a doldrums pattern, opening at 263,340 yuan/mt, slightly pulling back from the settlement price of the previous trading day. The intraday fluctuation range narrowed to 262,000-264,000 yuan/mt. Trading in the spot market was sluggish, with downstream procurement mainly driven by immediate needs and a strong wait-and-see sentiment. Regarding LME tin, overnight LME tin closed at $32,500/mt, up 0.78%, with technical pressure near the MA60 daily average, intensifying the tug-of-war between longs and shorts in the short term.

[SMM Commentary on Tin Futures: Supply Faces Off Against Off-Season Demand, SHFE and LME Tin Prices Under Narrow Pressure] Today, the most-traded SHFE tin contract continued its pattern of being in the doldrums, opening at 264,400 yuan/mt, hitting a high of 265,560 yuan/mt, touching a low of 263,020 yuan/mt, and finally closing at 263,730 yuan/mt, down 0.3% from the previous trading day, with a turnover of 17.375 billion yuan. Market trading activity declined slightly, with the price fluctuation range narrowing to 263,000-265,000 yuan/mt, and the tug-of-war between longs and shorts intensified.