First Futures: The security situation in Myanmar has escalated again, and Shanghai tin has once again surged by 8%+.

According to media reports, Chinese mining personnel in some mines in Myanmar have started an emergency evacuation operation yesterday and are expected to complete it tomorrow. MNTJP/MNDAA detained Chinese miners and administrative personnel and confiscated their weapons from February 21 to 23. After several days of negotiations between the Chinese government and the local authorities, most of the personnel have now been released, but one Chinese government official has not been released. The market is worried that the resumption of tin mining may face another setback or delay, and the expectation of tightening supply has once again become the first logic for pricing. The specific impact remains to be further clarified, and prices have returned to near previous highs, so it is advisable not to chase price increases and wait and see.