锡：止跌回升

Group 1: Report Overview - Report Date: June 3, 2025 [1] - Report Title: Tin: Stop Falling and Rebound [1] Group 2: Analysts - Analyst 1: Wang Rong, Investment Consulting Qualification Number: Z0002529, Email: wangrong013179@gtjas.com [2] - Analyst 2: Liu Yuxuan, Investment Consulting Qualification Number: Z0020476, Email: liuyuxuan023982@gtjas.com [2] Group 3: Tin Fundamental Data Futures - Shanghai Tin Main Contract: Yesterday's closing price was 250,300 with a daily decline of 2.94%; night - session closing price was 250,300 with a night - session decline of 2.87%. Yesterday's trading volume was 149,442, an increase of 47,675 from the previous day; open interest was 33,504, an increase of 4,894 from the previous day [2]. - LME Tin 3M Electronic Disk: Yesterday's closing price was 30,545 with a daily increase of 1.04%. Yesterday's trading volume was 180, a decrease of 9 from the previous day; open interest was 13,988, an increase of 53 from the previous day [2]. Inventory - LME Tin: Yesterday's inventory was 2,605, a decrease of 75 from the previous day. The cancellation warrant ratio was 6.57%, a decrease of 0.38% from the previous day [2]. Spot and Price Difference - SMM 1 Tin Ingot Price: Yesterday it was 264,400, a decrease of 1,000 from the previous day [2]. - Yangtze River Non - Ferrous 1 Tin Average Price: Yesterday it was 251,100, a decrease of 7,800 from the previous day [2]. - LME Tin (Spot/Three - Month) Premium: Yesterday it was - 107, a decrease of 29 from the previous day [2]. - Near - Month Contract to Consecutive First Contract Spread: Yesterday it was 53,640, unchanged from the previous day [2]. - Spot to Futures Main Contract Spread: Yesterday it was - 6,770, a decrease of 8,670 from the previous day [2]. Industrial Chain Key Price Data - 40% Tin Concentrate (Yunnan) Price: Yesterday it was 252,400, a decrease of 1,000 from the previous day [2]. - 60% Tin Concentrate (Guangxi) Price: Yesterday it was 256,400, a decrease of 1,000 from the previous day [2]. - 63A Solder Bar Price: Yesterday it was 179,250, a decrease of 500 from the previous day [2]. - 60A Solder Bar Price: Yesterday it was 171,750, a decrease of 500 from the previous day [2]. Group 4: Macro and Industry News - Trade trends affected the US stock market. The S&P 500 index had a V - shaped reversal, with a thrilling start in June. The US dollar fell to a nearly three - year low. Gold rose nearly 3% during the session, and US crude oil rose more than 5% [2][3]. - The US claimed that China violated the consensus of the China - US Geneva economic and trade talks, and the Chinese Ministry of Commerce spokesperson firmly rejected the unreasonable accusations [2][3]. - Before the EU - US negotiations, the EU warned the US that if the talks failed, counter - measures would take effect by July 14 at the latest [2][3]. - The promotion of the US tariff policy was blocked, and the Trump administration sought help from the appellate court. The US Commerce Secretary said that even if the tariff policy was cancelled, the president still had the right to take other actions [2][3]. - The US ISM manufacturing index in May contracted for three consecutive months, and the import index hit a 16 - year low [2][3]. - The Fed's "in - vogue governor" Waller said there was no evidence of long - term inflation rising and still expected a rate cut later this year [2]. - Trump said the US did not allow Iran to conduct any uranium enrichment activities [4]. Group 5: Trend Intensity - Tin trend intensity: 1. The range of trend intensity values is an integer in the [- 2,2] interval. The strength levels are classified as weak, relatively weak, neutral, relatively strong, and strong. - 2 means the most bearish, and 2 means the most bullish [5].