On July 28, tin prices fell sharply. According to Mysteel's survey, transaction prices in the Shanghai market at 15:30 p.m. ranged from Yuan 409,000/t to Yuan 414,000/t, with an average of Yuan 411,500/t, down Yuan 9,000/t from the previous trading day. In terms of market activity, the price decline improved buying interest among some downstream companies, leading to increased tin ingot purchases. However, limited end-user orders and tin prices still above downstream companies' acceptable levels kept the overall rise in spot trading volumes moderate. Looking ahead, short-term tin price volatility is likely to intensify. Macroeconomic factors are expected to continue to disrupt tin prices. Amid recurring U.S.-Iran geopolitical tensions, the upcoming U.S. Fed policy statement will be particularly important. Rising market expectations for Fed rate hikes are currently weighing on tin prices. If the Fed signals a hawkish stance, it will pressure tin prices further.
