On August 28, tin prices fluctuated higher. According to Mysteel, the transaction price of 1# tin ingot stood at Yuan 422,000–425,000/t, averaging Yuan 423,500/t, increasing by Yuan 2,500/t. In market trading, downstream raw-material demand weakened, with only limited hand-to-mouth buying. As of August 28, 2026, traders' tin ingot inventory in major Chinese markets stood at 9,836 tonnes, up 295 tonnes from the previous period. Although lower tin prices encouraged some restocking at times last week, reducing tin ingot inventories in Shanghai and Tianjin, arrivals in South China drove Guangdong inventory up by 886 tonnes, lifting overall inventory levels. Looking ahead, the Fed's hawkish tone may cap tin prices; combined with consecutive weekly inventory increases since mid-July, tin prices are expected to remain volatile with a bearish bias in the short term.
