Tin prices rose before falling back on April 20, staying rangebound at elevated levels overall. Smelters and traders adjusted their quotes in line with price movements, but spot transactions remained limited. Downstream users largely stayed on the sidelines, with only a few making hand-to-mouth purchases, while orders from end-use customers were also subdued. In general, high prices kept the overall trading atmosphere muted. Looking ahead, easing geopolitical tensions and improving risk appetite are lending support to tin prices. Fundamentally, supply and demand show no significant imbalances. Tin prices are therefore expected to hold at high levels in the near term. However, if weak consumption persists and tin inventories accumulate, prices may come under pressure.
