Group 1 - The domestic futures market for non-ferrous metals showed a strong performance, with the main contract for tin futures hitting the limit up, increasing by 8% to 376,920.00 CNY/ton [1] - The macroeconomic outlook remains neutral, as the U.S. December non-farm payroll data presented mixed signals, and the Federal Reserve is likely to maintain a wait-and-see approach regarding interest rate cuts [1] - On the supply side, smelting operating rates in Yunnan and Jiangxi provinces remain high at 69.39%, a slight decrease of 0.36% from the pre-holiday rate of 69.75%, while imports from Myanmar are expected to reach 8,000 tons in December [1] Group 2 - Demand analysis indicates that recent adjustments in tin prices have led to a positive purchasing sentiment from downstream buyers, with inventory levels decreasing better than expected and spot premiums rising by 500 CNY/ton [1] - The LME inventory remains stable, and spot premiums have increased, reflecting a robust demand environment [1] - Overall, the tin market is expected to maintain a strong short-term trend, supported by recovering exports from Indonesia and stable production from domestic smelters, alongside favorable policies for electronic products consumption [1]
短期宏观影响偏中性 沪锡期货主力合约涨停
Jin Tou Wang·2026-01-12 06:08