Tin prices edged lower on August 6. According to Mysteel, as of 15:30, the traded price of 1# tin ingot in the Shanghai market stood at Yuan 430,000–433,000/t, averaging Yuan 431,500/t, decreasing by Yuan 500/t. In the spot market, buying interest among some downstream customers improved slightly as prices fell, leading to a modest uptick in trading volumes, though activity remained constrained by limited end-user orders. On the macro front, Iran's plan to bar hostile parties, including the U.S. and Israel, from transiting the Strait of Hormuz has kept global energy shipping uncertainty in play, triggering a sharp rebound in energy prices. At the same time, while markets await direction from nonfarm payrolls, a growing number of Fed officials have raised the prospect of near-term rate hikes, cooling risk appetite. Looking ahead, the release of key data is expected to amplify the near-term impact of macro factors on tin prices. Tin prices are likely to see increased short-term volatility but are expected to remain at relatively elevated levels.
