[SMM SHFE Tin Brief: SHFE Tin Stopped Falling and Rebounded, Closing Up 2.94%, as Macro Suppression and Bottom Support Pulled Against Each Other]

[SMM Tin Midday Review: Macro Sentiment Retreat and Supply Recovery Expectations Lead to Over 7% Decline in the Most-Traded SHFE Tin Contract]

[SMM Tin Midday Review: SHFE Tin Contracts Were in the Doldrums at High Levels Today, Macro Sentiment Persisted but Spot Cargo Support Was Weak]

On February 24, SHFE tin futures warrants recorded 11,781 mt, an increase of 1,428 mt from the previous trading day, representing a growth of 13.79%. By region, inventory in Shanghai was 4,354 mt (up 385 mt), Guangdong 7,253 mt (up 1,043 mt), and Jiangsu 174 mt (unchanged). Over the past month, SHFE tin futures warrants have accumulated an increase of 3,199 mt.

[SMM Tin Futures Brief Review:]

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Erases Half-Month's Gains in Two Days, Spot Market Trading Recovers]

[SMM Tin Futures Review: SHFE Tin Continues to Rise and Hits Limit Up, Spot Trades Stall]

Today, the total tin warrants on the SHFE increased to 7,107 tons, up 862 tons from the previous trading day. By region, inventory in Guangdong rose significantly, with warrants increasing by 900 tons to 5,346 tons, mainly due to increases of 501 tons and 399 tons at the 830 Huangpu and Guangdong Jushen warehouses, respectively; inventory in Shanghai pulled back slightly, dropping by 38 tons to 1,364 tons, possibly due to transportation issues, with no significant change in warrants currently; inventory in Jiangsu remained stable, with warrants totaling 397 tons in locations such as Wuxi. According to SMM, some smelters recently prepared for delivery, gradually shipping supplies to delivery warehouses. It is expected that warrants across regions will continue to grow tomorrow, with subsequent attention to the potential impact of arrival and registration progress on the futures structure.