Tin prices rebounded on September 16. In terms of market trading, traders had consumed much of their inventory earlier, leading to lower shipments. As tin prices rose, downstream purchasing enthusiasm weakened compared with earlier, with only a few companies restocking for essential needs. End-user companies mostly stayed on the sidelines and showed weak willingness to place orders. Overall, market trading was sluggish. Looking ahead, on the macro front, the Fed raised rates as expected and struck a hawkish tone, pushing the USD index higher, which may weigh on tin prices in the short term, while tight raw material supply provides downside support. Overall, tin prices are expected to fluctuate widely in the short term, and further observation is needed on peak-season demand recovery and inventory trends.
