On June 8, tin prices fell under pressure from bearish macro factors. The U.S. nonfarm payrolls released last Friday night significantly beat expectations, fueling hawkish expectations for the Federal Reserve's monetary policy. Meanwhile, recurring turmoil in the Middle East also weighed on market risk appetite and tin prices to some extent. In the spot market, as tin prices declined and gradually broke below Yuan 400,000/tonne, buying interest from downstream users improved sharply. Some traders recorded daily orders exceeding 100 tonnes, and end-users actively placed orders at lower prices, creating a heated overall trading atmosphere. Looking ahead, macro headwinds are likely to keep tin prices under pressure in the short term, but supply-side disruptions and an optimistic long-term demand outlook should provide underlying support, with tin prices expected to consolidate sideways in the near term. This week, attention should focus on the potential impact of U.S. CPI data on the Fed's monetary policy.
