On September 8, tin prices edged slightly lower. Market trading showed that smelters had limited finished products and moderate selling interest. Traders reported that lower prices slightly revived downstream purchasing interest, with deals mostly concentrated at Yuan 416,000–418,000/t. However, after tin prices rebounded yesterday afternoon, downstream inquiry interest weakened. Overall, spot tin ingot trading volume was moderate. Looking ahead, a weaker U.S. dollar have driven a broad rally in base metals; combined with constrained tin supply and persistently declining LME inventories, tin prices are expected to remain supported at the bottom in the short term. However, traditional demand remains weak, and with U.S. inflation data due and the FOMC meeting approaching, tin price volatility is expected to increase.
