Shouchuang Futures: Ceasefire Expectations Fail, Tin Prices Return to 350k

This morning at 9 a.m., Trump delivered a nationwide speech. The market was initially betting that he would send a cooling signal, but instead, new threats emerged. The ceasefire hopes were dashed, and crude oil prices surged sharply. The geopolitical navigation pressure has increased again, causing tin prices to fall back today, with a decline approaching 4%. Tin prices have returned to around 350k yuan. Currently, with geopolitical navigation aided by Iran, there may be a small amount of safe navigation, and chip-producing regions like South Korea also have certain emergency measures. In the short term, chip production can continue, but if navigation remains restricted, chip production limitations will inevitably impact tin demand. Tin prices may further fall below 350k yuan in the future. (Chuangchuang Futures)