沪锡期货日报-20250911

Report Summary 1. Report Information - Research Variety: Shanghai Tin (Sn) [1] - Report Cycle: Daily [1] - Date: September 9, 2025 [1] 2. Investment Rating - Not provided in the report 3. Core View - In the short term, with persistent supply - side disturbances and strong demand, the positive basis of the Shanghai Tin 2510 contract is expected to be maintained. The spot price will support the futures price, and the Shanghai Tin futures price may seek upward opportunities in fluctuations [10] 4. Section Summaries 4.1 Futures Market - Contract行情: The opening price of the Shanghai Tin 2510 contract was 271,000 yuan/ton, with a high of 271,510 yuan/ton, a low of 268,640 yuan/ton, and a closing price of 269,620 yuan/ton. The trading volume was 47,484 lots [2] - Variety Price: There are 12 Shanghai Tin futures contracts. The total trading volume was 64,268 lots, and the total open interest was 57,674 lots. The open interest of the 2510 contract was 28,206 lots [5][6] 4.2 Spot Market - Basis Data: The closing price of the Shanghai Tin 2510 contract was 271,000 yuan/ton. The quoted price of 1 tin on the Yangtze River Non - ferrous Metals Network was in the range of 269,500 - 271,500 yuan/ton, with an average price of 270,500 yuan/ton and a basis of 500 yuan/ton [7] 4.3 Influence Factors - Industry News: On the supply side, tin production in some major producing countries like Myanmar has declined due to geological and policy factors, and domestic tin mines are restricted by environmental policies and lower ore grades, intensifying supply shortage concerns. On the demand side, downstream electronics companies have more orders and strong demand for tin [9]