On April 28, the decline in tin prices, coupled with the approaching Labor Day holiday, triggered restocking sentiment in the market. Although end-user orders were limited, the cautious stance among downstream enterprises eased, and most actively replenished inventory, leading to a pick-up in trading activity. Looking ahead, a near-term stalemate in U.S.-Iran negotiations, together with news that the UAE will leave OPEC, has driven international oil prices sharply higher. Meanwhile, the U.S. Fed's April policy meeting is about to convene. In addition, China's crackdown on the "invoice economy" is affecting the non-ferrous metals sector. Overall, market sentiment remains cautious. As a result, tin prices are expected to fluctuate with a weak bias in the short term.
