On June 12, tin prices rebounded. In terms of market trading, smelters and traders adjusted their offer prices in line with the futures market, but sales were generally mediocre. Only a few downstream enterprises made purchases to meet rigid demand, with buying interest and trading volumes declining compared to early last week. End-user companies' overall order levels were fairly modest amid the June consumption off-season. Overall, market trading activity was relatively sluggish. Looking ahead, the expected resolution of the U.S.-Iran geopolitical conflict is likely to improve international trade, and energy-driven inflation caused by the conflict is expected to ease substantially. Consequently, market sentiment should turn positive, boosting tin prices. Together with the tight supply of raw materials for tin ingot production and strong expectations for long-term tin ingot demand fueled by the rapid development of AI and other industries, tin prices are expected to rise in the short term.
