On August 27, tin prices declined. In market trading, smelters reported that the price drop led to increased buyer inquiries, and some smelters saw relatively good transactions in South China. Traders quoted prices in line with the market; intraday tin prices fluctuated downward, prompting most downstream enterprises to actively restock, with most deals concluded around Yuan 417,000–422,000/tonne. Downstream enterprises reported an improvement in end-user customer orders. Overall, spot trading activity improved. Looking ahead, unresolved U.S.-Iran geopolitical tensions and sticky inflation data are expected to cool market risk appetite and push the U.S. dollar index higher, weighing on tin prices. The weak supply-demand fundamentals are likely to persist in the short term, but the recovery in downstream consumption needs monitoring. Overall, tin prices are expected to trade with a bearish bias in the near term.
