收评|国内期货主力合约跌多涨少,沪锡涨超4%
Xin Lang Cai Jing·2025-12-12 07:07

Group 1 - The core viewpoint of the article highlights the mixed performance of domestic futures contracts on December 12, 2025, with notable increases in certain metals and significant declines in others [5][6][8] - The main futures contract for tin (沪锡) rose over 4%, while silver (沪银) increased by more than 3%, and polysilicon, zinc, and international copper all saw gains exceeding 2% [5][6] - Conversely, liquefied gas and coking coal experienced declines of over 4%, with red dates and coking coal down more than 3%, and glass, eggs, and PVC dropping over 2% [5][6] Group 2 - In late November 2025, the main tin contract price surged to 323,700 yuan/ton, a three-and-a-half-year high, driven by supply concerns from geopolitical conflicts in the Democratic Republic of Congo and expectations of macroeconomic easing [5][8] - Following the signing of a peace agreement between the Democratic Republic of Congo and Rwanda on December 4, 2025, market fears regarding disruptions in African tin supply were alleviated [5][8] - Looking ahead to 2026, the tin market is expected to experience marginal supply easing and seasonal demand pressure, with global inventories remaining low and macroeconomic conditions supportive, leading to a forecasted trading range for the main tin contract of 280,000 to 330,000 yuan/ton in Q1 2026 [5][8]