Group 1 - The Federal Reserve's interest rate cut has led to widespread market expectations that the Fed will maintain an accommodative policy next year, boosting non-ferrous metal prices [1] - Tin prices have surged, with the main contract on the Shanghai Futures Exchange rising by 4.54% to 333,000 yuan/ton, reaching the highest level since March 2022 [1] - The security situation in eastern Democratic Republic of the Congo (DRC) has deteriorated, raising concerns about potential supply disruptions of tin, which is significant in global supply [1] Group 2 - Nigeria is also facing risks to tin supply, with President Tinubu declaring a national state of emergency and proposing a six-month suspension of mining activities in the northern states [2] - Nigeria's annual tin production is approximately 7,000 tons, accounting for 2.3% of global tin supply, but the proposal for mining suspension faces significant resistance [2] - The recovery process of tin mining in Myanmar is slow, leading to ongoing bottlenecks in raw material supply, while domestic tin smelting enterprises are experiencing limited operational rates [2] Group 3 - The current supply-demand fundamentals for tin are weak, with seasonal factors and rising prices suppressing consumption, leading to decreased orders from tin processing enterprises [2] - Domestic supply remains stable, with no significant changes in smelting plant operations, while domestic inventory is rising but not at a level to create noticeable pressure [2] - Overseas low inventory levels continue to pose risks of warehouse congestion, with current prices being more influenced by macroeconomic sentiment [2]
矿端担忧持续 沪锡涨4.54%【12月12日SHFE市场收盘评论】
Wen Hua Cai Jing·2025-12-12 11:28