On June 16, tin prices edged lower but remained rangebound at elevated levels. The spot premium structure held steady: Yunxi-brand tin ingots commanded a premium of Yuan 1,500/t, Other Yun-brand tin ingots at Yuan 800–1,200/t, small-brand tin ingots at around Yuan 500/t, while imported tin ingots had no quotes. Overall spot trading was subdued, dominated by need-based downstream procurement, with a strong wait-and-see sentiment prevailing at high prices. Traders reported sluggish sales and noted weak downstream acceptance of current tin prices. End-user orders were active during lower-price periods but lacked the willingness to take delivery at higher prices. Looking ahead, the easing of Middle East geopolitical tensions is expected to significantly relieve inflation and global trade conditions, which should provide some support for tin prices. From a fundamental perspective, attention remains on tin ore supply from Myanmar and tin ingot exports from Indonesia. Overall, tin prices are likely to stay elevated and rangebound in the near term.
