Shouchuang Futures: New Signs Emerge in the Strait of Hormuz, Tin Prices Stabilize and Rebound

Yesterday, Trump delivered a nationwide speech, releasing new threats. Amid a surge in oil prices, market panic has reignited, and tin prices rapidly dropped to around 350k yuan. Following reports that some oil tankers bypassed Iran-controlled northern routes and took the “southern route” through the Strait of Hormuz, at least about 4 million barrels of crude oil have flowed out, and the first LNG vessel has already passed, which somewhat eased market concerns. Last night, tin prices opened with a decline of over 2%, but then gradually rebounded, with the decline narrowing. Although tin prices remain weak and consolidating today, there is no further panic, but the current Strait passage situation has only slightly improved and is far from normal levels. Energy supply remains limited, and tin prices may still decline to seek support. (First Futures)