下游库存低位 短期沪锡预计随市场风偏变化波动

Core Viewpoint - The main focus of the news is the recent surge in Shanghai tin futures, with the main contract reaching a peak of 350,510.00 yuan and closing at 344,240.00 yuan, reflecting a 3.55% increase [1] Group 1: Market Analysis - Copper Crown Jin Yuan Futures predicts that tin prices will experience wide fluctuations at high levels in the short term due to the market digesting geopolitical influences and a recovery in risk appetite driven by poor U.S. manufacturing data [2] - Wengang Futures suggests that while demand in the tin market is weak, improved supply expectations may lead to price fluctuations following market sentiment changes, recommending a wait-and-see approach [3] - Hualian Futures notes that domestic smelting enterprises maintained stable production in November, with a slight decrease in supply and a tight state of tin ore imports, while demand in sectors like semiconductors and new energy vehicles remains robust [4] Group 2: Price Projections - The expected trading range for domestic main contracts is set between 300,000 and 350,000 yuan per ton, while the overseas tin price is projected to range from 39,000 to 43,000 USD per ton [3] - Hualian Futures indicates that the support level for long positions has shifted upwards to around 313,000-315,000 yuan per ton, with a recommendation to hold light long positions and consider protective put options [4]