Most-traded tin contract on Shanghai Futures Exchange (SHFE) soared past 420,000 yuan per metric ton June 15,2026. Geopolitical shifts and more liquidity at home drove this rise . Started at 410,170 yuan,closed at 425,940 yuan,up 4.37%. On London Metal Exchange (LME),three-month tin prices also rose,up 2.35% to $55,250 per metric ton.
Market buzzed after US-Iran deal news . June 14,President Trump tweeted deal was done. Strait of Hormuz to open,no toll fees,and US Navy to lift Iranian port blockade. Iranian Deputy Foreign Minister Gharibabadi confirmed June 15 Iran-US memorandum text completed. Official signing set for June 19 in Switzerland .
China's central bank acted same day. People's Bank of China announced 600 billion yuan injection. Aims to stabilize banking system liquidity. Using fixed quantity,interest rate tender,and multiple price bidding methods for six-month tenor. Matures December 15,2026. More funds will keep flowing.
Even with tin price rebound,spot market activity cooled. Futures price spike made downstream enterprises cautious. Limited interest to buy or inquire at high levels. Earlier,as prices fell,they released pent-up demand. Now,price surge prompts wait-and-see stance.
Tin's jump tied to market sentiment shift. Traders eye memorandum's implementation. Will it smooth passage through critical maritime chokepoints…?
