On September 3, tin prices fluctuated upward. In spot market trading, smelters and traders adjusted their offer prices in line with market movements. As tin prices rose, downstream buyers showed weaker interest in purchasing raw materials, with only a small amount of restocking for essential needs. End-user orders were also affected to some extent by the price rebound. Overall, trading sentiment in the tin ingot spot market cooled. Looking ahead, macro factors are expected to continue to cause short-term volatility in tin prices. Slightly easing expectations for interest rate hikes provide some support for tin prices, but attention remains on the upcoming U.S. nonfarm payrolls data and its implications for the Federal Reserve's monetary policy. Tin prices are expected to edge up in the short term.
