On August 18, tin prices declined. According to Mysteel, the quoted price of 1# tin ingot stood at Yuan 424,000–427,000/t, averaging Yuan 425,500/t, decreasing by Yuan 6,000/t. In market trading, the lower prices boosted downstream companies' willingness to purchase raw materials, with most entering the market to replenish inventories; trading was relatively brisk. However, limited growth in end-user orders still partly restrained raw material restocking demand. Looking ahead, although supply-side factors continue to provide underlying support for tin prices and post-decline restocking interest remains acceptable, rising geopolitical uncertainty in the Middle East and a surge in international oil prices are driving U.S. Treasury yields higher, while cooling global risk appetite and weighing on tin prices in the short term. Tin prices are expected to fluctuate with a bearish bias.
