First Futures: Geopolitical Situation Clarified, Tin Prices Soar Nearly 30,000 in Two Days

Today's tin price soared again, with the main Shanghai tin contract rising over 4% to above 420,000 yuan. The cumulative increase over the past two days has reached 28,750 yuan. From a fundamental perspective, although tin supply is slowly increasing, demand remains strong. The previous sharp drop in tin prices stimulated order recovery, and downstream buyers are actively purchasing at lower prices. Social inventories of tin ingots have been significantly reduced. As geopolitical tensions ease, demand may continue to rise, further supporting the upward movement of tin prices.