ShouChuang Futures: Awaiting "Ceasefire," Tin Prices Continue to Strengthen

Last week, with a number of developments in geopolitical ceasefire-related communications, the tin market saw a rebound, and market concerns noticeably decreased. Today, while the tin price opened more cautiously, it then surged quickly, with the gain nearing 4%. The market is a bit optimistic, leaning toward the idea that the geopolitical conflict will enter a “ceasefire,” but based on the news flow, it’s mostly one-sided statements from the United States. Market confidence has recovered somewhat. At the same time, higher energy prices have, to some extent, pushed up tin production costs. Tin prices are currently back in the 350,000–400,000 range. If geopolitical ceasefire-related communications tighten again, tin prices could still fall back to below 350,000. (China First Futures)

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