On June 25, tin prices fluctuated within a narrow range. Mysteel 1# tin ingot spot quotes oscillated between Yuan 383,000/tonne and Yuan 387,000/tonne, averaging Yuan 385,000/tonne. In terms of premiums and discounts, Yunxi brand tin ingots held a premium of around Yuan 1,500/tonne, Other Yun brand tin ingots saw premiums between Yuan 800/tonne and Yuan 1,200/tonne, small brand tin ingots had premiums of around Yuan 200/tonne, and imported tin ingots were at a discount of around Yuan 300/tonne. As tin prices remained at recent lows, downstream enterprises still showed strong procurement interest, and overall market trading was decent. Looking ahead, the U.S. May inflation data met market expectations, the USD index's downward pressure on tin prices is expected to ease, and with fundamentals providing bottom support, tin prices are likely to stop falling and rebound in the short term.
