Search results for LME tin prices

On January 28, the most-traded SHFE tin 2603 contract fluctuated at highs, closed at 443,800 yuan/mt, up 2.11% intraday. On the LME side, the three-month tin contract closed at $55,250/mt. Both SHFE and LME markets consolidated. According to news, recent massive investments in AI infrastructure by global internet giants and startups have driven a surge in DRAM demand, leading to significant price increases for memory products such as LPDDR5. Meanwhile, major DRAM producers are shifting capacity heavily toward HBM (high-bandwidth memory) dedicated for AI, further exacerbating shortages in consumer-grade DRAM. Development expectations in emerging sectors remain positive. From the current fundamental perspective, with raw material prices fluctuating at highs for an extended period, many downstream enterprises are following up with small orders for rigid demand, mainly digesting orders. Terminal electronics enterprises face strong cost pressure due to broad gains in the metal sector, significantly suppressing demand. As the Chinese New Year approaches, some enterprises have already entered the holiday state early, resulting in sluggish spot market trading. Overall, tin prices are supported by macro sentiment and development expectations to fluctuate at highs, but caution is needed against volatility risks from a widening divergence between high prices and fundamentals.

On January 23, tin prices both domestically and overseas exhibited a high-level, strong fluctuating trend. The most-traded SHFE tin contract, sn2603, once reached 434,600 yuan/mt during the session and closed at 429,570 yuan/mt, up 4.71%. The three-month LME tin contract also rose in sync, hitting a high of $54,350/mt. The current price strength is primarily driven by macro liquidity expectations, supply concerns triggered by geopolitics, and the demand outlook from emerging sectors like artificial intelligence. However, external uncertainties, such as changes in US chip policy towards China, are also impacting market sentiment. In 2025, China made positive progress in promoting the integration of technological innovation and industry. According to data from the MIIT, artificial intelligence injected strong momentum into the industrial economy. Industrial robot production increased 28% YoY, while NEV sales reached 16.49 million units, up 28.2% YoY. Investment in industries such as aerospace equipment manufacturing achieved double-digit growth. At the beginning of 2026, multiple industrial policies continued their support for emerging sectors, providing medium and long-term demand expectations for key materials like tin. However, from a fundamental perspective, the market currently shows a weak supply-demand dynamic. The supply side remains generally stable, but potential increases from production resumptions in Myanmar and policy easing in Indonesia warrant attention. On the demand side, high prices have significantly dampened consumption. Downstream solder enterprises are purchasing cautiously. Despite the approaching Chinese New Year, traditional restocking demand has not yet materialized, spot transactions are sluggish, and only rigid demand is sustaining minimal trading. The traditional consumer electronics sector is in its off-season, and demand from emerging sectors has not yet fully translated into actual procurement. Overall, while macro narratives and geopolitical factors may continue to support short-term tin price strength, caution is advised against downside risks. These risks stem from high prices suppressing actual demand, the accumulation of global visible inventory, potential supply recovery, and a marginal weakening of macro sentiment. It is recommended to continuously monitor inventory changes, supply dynamics in Myanmar and Indonesia, and the pace of post-holiday demand recovery.

During the midday session on November 24, 2025, the most-traded SHFE tin contract (2512) fluctuated upward. It opened at 291,240 yuan/mt, fluctuated upward during the morning trading session, hit a session high of 296,340 yuan/mt and a low of 290,450 yuan/mt, and settled at 295,580 yuan/mt at midday, up 1.18% from the previous day's settlement price. Overnight, the three-month LME tin contract closed at $36,970/mt, down $65 or 0.18% from the previous day. During the Asian trading session, LME tin prices fluctuated upward, breaking through the $37,000/mt level, while the US dollar index held steady above 100.1 and markets awaited further guidance from US economic data. From a macro perspective, recent market sentiment has been significantly influenced by changing expectations regarding US Fed policy. New York Fed President Williams' dovish signals have reignited market expectations for a December interest rate cut, with the current probability of a cut rising to around 70%, providing some support to the commodity market. However, the stronger-than-expected US non-farm payrolls data for September has, to some extent, reduced the urgency for rate cuts, giving the US dollar index rebound momentum and putting pressure on dollar-denominated LME tin prices. This tug-of-war on the macro front has led to significant fluctuations in investor risk appetite, resulting in high-frequency volatility in tin prices. Overall, the most-traded SHFE tin contract has strong support near 290,000 yuan/mt, but its upside is constrained by cautious macro sentiment and weak spot demand. The afternoon session is expected to see prices continue to fluctuate at highs, with a core trading range of 290,000-297,000 yuan/mt.

SHFE Tin Edged Up 0.52% at Midday, LME Tin Stabilized, Tight Supply-Demand Balance Supports Highs Fluctuation At midday on October 16, 2025, the most-traded SHFE tin contract price showed a pattern of fluctuating at highs. By the midday close, the most-traded SHFE tin contract settled at 281,490 yuan/mt, up a slight 0.52%. Although the SHFE tin 2511 contract settled at 280,070 yuan/mt in the previous night session, down 0.12%, the intraday price demonstrated resilience, supported by the fundamental tight supply-demand balance. Overseas, LME tin prices showed signs of stabilization; overnight, LME tin settled up $204 at $35,393/mt, a gain of 0.54%, indicating the overseas market was gradually finding support after consecutive adjustments. Macro environment, the US dollar index extended its decline from the previous two trading days, falling another 0.15% to 98.19, providing some support to the metal markets. The market widely expects the US Fed to almost certainly cut interest rates by 25 basis points at this month's meeting and again in December; such easing expectations help boost risk appetite in metal markets. Domestically, the central bank conducted 236 billion yuan in 7-day reverse repo operations yesterday, but with 612 billion yuan of reverse repos maturing, it resulted in a net withdrawal of 376 billion yuan for the day, keeping market liquidity reasonably ample. Market sentiment, spot market trading was sluggish. Downstream enterprises had mostly completed stockpiling before the holiday, and after the holiday, due to prices hovering at high levels, end-users' willingness to place orders decreased, leading to overall low demand for tin ingot. Traders reported low market activity, with only a small number of downstream enterprises making just-in-time procurement based on orders. Overall, SHFE tin prices maintained high fluctuations, supported by the recovering macro atmosphere and the tight supply-demand balance. The most-traded SHFE tin contract is expected to continue fluctuating within the range of 279,000-283,000 yuan/mt in the afternoon session.

On October 16, 2025, the most-traded SHFE tin contract (SN2511) price fluctuated at highs. During the night session, the contract opened slightly lower and closed at 280,070 yuan/mt, down 0.12% from the previous day. In daytime trading, the price hovered around the 280,000 yuan/mt mark; market sentiment recovered slightly in the afternoon, and it finally closed at 281,350 yuan/mt, posting a slight gain of 0.34%. In the spot market, spot trades were generally sluggish. Most downstream enterprises had completed stockpiling before the holiday, and high prices suppressed purchase willingness, with only a few companies making rigid replenishments based on orders. Traders generally reported limited transactions, and wait-and-see sentiment prevailed in the market. In overseas markets, LME tin prices showed signs of stabilization. The three-month LME tin contract was quoted at $35,500/mt, up $120, a gain of 0.34%. From a macro perspective, bullish and bearish factors were intertwined. The US dollar index fell for the third consecutive trading day, dropping another 0.16% to 98.63 today, which theoretically supported dollar-denominated metal prices. The market widely expects the US Fed to cut interest rates by 25 basis points at this month's meeting and again in December. However, the shadow of escalating US-China trade friction loomed over the market. The US proposal to impose hefty tariffs comprehensively on Chinese goods raised concerns about a deteriorating global trade environment, leading to increased risk-off sentiment and some capital outflow from the commodity market. Additionally, the US federal government shutdown and delays in releasing key economic data further heightened market uncertainty. Overall, on October 16, SHFE tin futures prices consolidated with high volatility. The tight supply-demand balance, particularly persistent supply constraints and low inventory, provided strong fundamental support for tin prices.

On the midday of September 18, 2025, the most-traded SHFE tin 2510 contract closed at 269,690 yuan/mt, down 3,400 yuan, or 1.25%, from the previous trading day. The price remained in the doldrums during the session, with the intraday low touching 269,670 yuan/mt. Market sentiment was cautious, with both trading volume and open interest contracting. From a macro perspective, the US Fed announced a 25-basis-point interest rate cut as expected in the early hours of the day, but Chairman Powell explicitly stated that this cut was merely "risk management" and not the beginning of an easing cycle. This hawkish stance sharply reduced market expectations for consecutive rate cuts, putting broad pressure on risk assets. A stronger US dollar index weighed on dollar-denominated commodities, and LME tin edged lower in electronic trading. LME tin was quoted at $34,250/mt, down $140, or 0.41%, with intraday fluctuations narrowing to within $300, reflecting fading optimism among international investors about short-term liquidity improvements. In the short term, SHFE tin prices are under dual pressure from macro sentiment and weak fundamentals. If the US dollar index continues to strengthen and downstream restocking demand shows no improvement, prices may further test the support level of 268,000 yuan/mt. For LME tin, the effectiveness of the $34,000/mt threshold needs attention. The pace of production resumptions in Myanmar and the recovery rhythm of the semiconductor industry will be key variables for directional choices ahead.

On August 19, 2025, the most-traded SHFE tin contract (SN2509) fluctuated rangebound during the day, rebounded slightly in the afternoon, and closed at 268,090 yuan/mt, up 0.46% from the previous trading day. The daily fluctuation range was 265,450—268,170 yuan/mt, with a turnover of 44,882 lots. Open interest decreased by 1,092 lots to 21,004 lots, indicating a clear sign of capital withdrawal. The spot market also encountered resistance; downstream restocking willingness slightly rebounded but high prices suppressed transaction volumes. Traders refused to budge on prices for sales, while downstream just-in-time procurement formed a tug-of-war, with overall transactions showing no significant improvement. LME tin prices, however, showed relative resilience, maintaining their strength throughout the day. As of 18:00 Beijing time on the 19th, LME tin contracts were quoted at $33,830/mt, up 0.48%. The strength of LME tin mainly stemmed from low inventory support, highlighting the tight spot supply situation. Intensified macro front disturbances heightened market caution: US PPI in July jumped 3.3% YoY, reinforcing expectations that the US Fed will maintain high interest rates. The US dollar index fluctuated at highs, suppressing commodity prices. Domestically, policy signals continued to emphasize stabilizing the economy, but real estate stabilization and consumer recovery still need time to transmit to the tin downstream (such as tinplate demand). Market focus shifted to the upcoming Jackson Hole symposium for indications of the US Fed's policy path, as well as developments in the geopolitical situation between the US, Russia, and Ukraine. Heightened risk-averse sentiment put pressure on tin prices, making it encounter resistance in its upward trend.

SHFE Tin Midday Market Commentary on July 21, 2025 SHFE Tin Leads Gains Amid Volatility as LME Tin Prices Rise: Price Trends Amid Anticipated Myanmar Production Resumption and Off-Season Demand As of midday on July 18, 2025, the most-traded SHFE tin contract (SN2508) closed at 267,670 yuan/mt, up 1.43%, while LME three-month tin settled at $33,595/mt, gaining 0.72%. The most-traded SHFE tin contract ended the midday session at 267,670 yuan/mt, with an intraday high of 268,020 yuan/mt. Spot prices stood at 267,200 yuan/mt, reflecting tight immediate supply. Myanmar's Wa State Production Resumption: On July 17, the Wa State government approved some mining license applications, with tin ore supply expected to substantially recover in Q4. However, current TCs for tin concentrates remain low, constraining smelters' operating rates due to raw material shortages. US Fed Governor Waller stated "a 25-basis-point interest rate cut should be implemented in July," easing US dollar liquidity pressure. The US dollar index pulled back to 98.4, supporting industrial metals. Spot market: Smelters maintained firm offers after the price rally, but downstream acceptance remained weak. Traders reported transactions mainly relied on rigid demand orders, with some downstream buyers delaying purchases after completing earlier restocking.

June 17, 2025 Daily Review of the Most-Traded SHFE Tin Contract The most-traded SHFE tin contract remained in the doldrums today, opening at 264,400 yuan/mt, hitting a high of 265,560 yuan/mt and a low of 263,020 yuan/mt, before closing at 263,730 yuan/mt, down 0.3% from the previous session, with a trading volume of 17.375 billion yuan. Market activity slightly declined, as the price fluctuation range narrowed to 260,000-265,000 yuan/mt amid intensified tug-of-war between longs and shorts. Traditional Sector Drag: Consumer electronics entered the off-season, with orders for mobile phones and PCs dominated by "small batches and multiple orders." Tinplate and chemical demand remained stable, but high prices dampened downstream purchase willingness, resulting in sluggish spot market transactions with daily trading volume barely exceeding 10 mt. Macro Sentiment Pressure Caution Ahead of US Fed Meeting: The market widely expected the US Fed to keep rates unchanged, but potential hawkish-dovish wording adjustments in the policy statement could trigger US dollar fluctuations, indirectly suppressing metal risk appetite. Uncertainties surrounding China-US tariff policies and geopolitical tensions (e.g., Middle East conflicts) also heightened market wait-and-see sentiment. LME tin's most-traded contract closed at $32,425/mt, down 0.38% from the previous day. Technical Weakness: A break below the $32,400/mt support level could lead to a test of the $31,000-32,000/mt range. If macro sentiment improves or supply increments fall short of expectations, prices may rebound to $33,000/mt. In the short term, the core contradiction in SHFE tin prices lies in the tug-of-war between low inventory support and marginal demand pullback, compounded by macro sentiment fluctuations: Upside Catalyst: If the US Fed signals dovishness or Myanmar's production resumptions face significant delays, prices may test the 265,000 yuan resistance level. Downside Risks: Deepening off-season demand, LME tin price breakdowns, and rising domestic inventory buildup expectations could drag prices back to the 260,000 yuan psychological threshold.