On June 24, tin prices fell further. The spot quote for Mysteel #1 tin ingot stood at Yuan 392,000–395,000/tonne, averaging Yuan 393,500/tonne. The renewed decline significantly boosted downstream procurement interest; most buyers actively restocked, trading sentiment was heated, and some traders shipped over 200 tonnes during the day. Looking ahead, macro factors will continue to disturb tin prices in the near term, the U.S. Treasury Secretary's remarks in New York were positive for the U.S. dollar, and a persistently elevated USD index will weigh on tin prices. From a fundamental standpoint, however, supply-side disruptions in raw materials, combined with solid dip-buying demand from downstream, are providing bottom support. Tin prices are therefore likely to stabilize in the short run.
