锡：关注宏观地缘影响

Group 1: Report Information - Report date: March 2, 2026 [1] - Report title: Tin: Pay Attention to Macroeconomic and Geopolitical Impacts [1] Group 2: Analyst Information - Analyst: Liu Yuxuan, Investment Consulting Qualification Number: Z0020476, Email: liuyuxuan023982@gtjas.com [2] - Contact person: Tang Wenhao, Futures Qualification Number: F03152608, Email: tangwenhao@gtht.com [2] Group 3: Fundamental Tracking Futures and Spot Market - Prices and Changes: - Shanghai Tin main contract: Yesterday's closing price was 453,240 with a daily increase of 8.53%; night - session closing price was 455,610 with a night - session increase of 5.65% [2] - LME Tin 3M electronic disk: Yesterday's closing price was 58,050 with a daily increase of 6.74% [2] - Trading Volume and Open Interest: - Shanghai Tin main contract: Yesterday's trading volume was 391,133, an increase of 227,884 from the previous day; open interest was 55,792, an increase of 42,991 [2] - LME Tin 3M electronic disk: Yesterday's trading volume was 1,272, an increase of 650; open interest was 21,387, a decrease of 231 [2] - Inventory and Warehouse - Receipt Information: - Shanghai Tin inventory was 11,418, a decrease of 138 from the previous day [2] - LME Tin inventory was 7,550, a decrease of 25; the cancelled - warehouse - receipt ratio was 6.57%, a decrease of 0.38% [2] Spot and Price Difference - Spot Prices: - SMM 1 tin ingot price was 430,000, an increase of 15,100 from the previous day [2] - Yangtze River Non - ferrous 1 tin average price was 430,400, an increase of 15,300 [2] - Price Differences: - LME Tin (spot/three - month) spread was 19, an increase of 24 [2] - Near - month contract to continuous - first - contract spread was 256,110, an increase of 39,730 [2] - Spot to futures main - contract spread was - 22,840, a decrease of 23,760 [2] Industrial Chain Key Price Data - 40% tin concentrate (Yunnan) price was 416,000, an increase of 15,100 from the previous day [2] - 60% tin concentrate (Guangxi) price was 420,000, an increase of 15,100 [2] - 63A solder bar price was 283,750, an increase of 9,500 [2] - 60A solder bar price was 271,250, an increase of 9,000 [2] Group 4: Trend Intensity - Tin trend intensity is 1, with the range of trend intensity being integers in the [-2, 2] interval. The strength categories are weak, relatively weak, neutral, relatively strong, and strong, where -2 means most bearish and 2 means most bullish [3] Group 5: Macro and Industry News - Iran's Supreme Leader Ayatollah Khamenei was assassinated and died [4] - Iran's military said that the US "Lincoln" aircraft carrier was attacked by 4 Iranian ballistic missiles [4] - Iran's former President Mahmoud Ahmadinejad was assassinated and died [4] - Wang Yi said that the Middle East situation may be pushed into a dangerous abyss, and China is highly concerned [4]