Shouchuang Futures: Ceasefire Expectations Boost, Tin Prices Shift Higher

Geopolitical navigation has made progress, but it is difficult to return to normal levels while the conflict is unresolved. However, stimulated by the willingness of both the US and Iran to “cease fire,” tin prices have resumed their upward trend. Today, tin prices showed a shift upward, with gains exceeding 2% at one point, then fluctuating around 375k with a relatively strong oscillation. The ceasefire news further boosted market confidence, combined with multiple positive factors on the demand side, suggesting tin prices may return to 400k. However, the key point is whether there will be further substantial “cease fire” actions in the future; otherwise, excessive optimism is unwarranted. (First Capital Futures)