On May 15, tin prices fell, primarily as renewed concerns over the U.S. inflation outlook, stoked by stronger-than-expected U.S. April inflation data and unresolved Middle East geopolitical tensions, fueled expectations that the U.S. Federal Reserve could pivot back to interest rate hikes, lifting the USD index and weighing on tin prices. On the fundamental side, the price decline prompted active restocking by downstream buyers. Although end-user orders remained sluggish, overall market trading sentiment improved somewhat. Tin ingot inventory also edged lower as spot trading volumes rose. Looking ahead, market sentiment is expected to ease in the short term, and tin prices are likely to stabilize.
