On July 29, tin prices increased. According to Mysteel's survey, transaction prices in the Shanghai market at 15:30 p.m. ranged from Yuan 416,500/t to Yuan 419,500/t, with an average of Yuan 418,000/t, up Yuan 6,500/t from the previous trading day. In spot trading, rising tin prices have led to increased wait-and-see sentiment among downstream buyers, with purchasing interest remaining sluggish. Most traders reported sales volumes of around 0–20 tonnes, largely reflecting hand-to-mouth downstream demand. On the Fed's policy decision, the benchmark rate was left unchanged in the early hours of July 30 (Beijing time), but three regional Fed presidents voted for a 25bp hike. Recurring geopolitical tensions have affected inflation, widening divisions within the Fed. The U.S. dollar index declined, potentially lending short-term support to tin prices. Nevertheless, consumption remains weak at current tin price levels, which is expected to weigh on prices. Amid these mixed factors, tin prices are likely to be volatile with a slightly stronger bias in the near term.
