On May 8, tin prices stayed elevated and volatile. The easing impact of geopolitical conflicts and the yen's recent sharp appreciation, which curbed the U.S. dollar, lent support to tin prices. From a fundamental perspective, high price levels encouraged smelters to sell actively, with relatively brisk transactions. In contrast, downstream and end-user enterprises largely held a wait-and-see stance and made limited purchases. Overall, spot market trading was subdued. Looking ahead, tin prices are expected to remain at relatively high levels in the short term, supported by a low USD index, though weak consumption may cause a slight pullback.
