Tin prices rose before falling on May 11, and remained volatile at high levels overall. In market trading, after prices retreated from intraday highs, the wait-and-see sentiment among downstream enterprises improved slightly, with a few buying on dips. However, overall purchase volumes were still modest, and combined with soft end-market orders, overall trading activity was lukewarm. Intraday speculative trading increased, and SHFE tin open interest grew. Looking ahead, as the impact of geopolitical conflicts eases, the US dollar index stays low, and the U.S. President's visit to China provides macro support, the improvement in market sentiment will lend support to tin prices. However, caution is warranted over the dampening effect of weak consumption on tin prices. In the near term, tin prices are expected to remain at relatively high levels.
