Tin prices rose on September 21. In terms of trading, downstream restocking demand for raw materials was weak: only a small number of downstream companies made essential purchases, and high prices dampened pre-holiday restocking enthusiasm. In addition, although the traditional peak consumption season has begun, end-customer orders have not improved significantly. Overall, spot trading was subdued. Going forward, a relatively high U.S. dollar index is weighing on tin prices. However, in terms of fundamentals, the supply side supports the floor for tin prices. Demand is highly price-sensitive, but downstream buyers have shown some resilience when prices fall. In short, tin prices are currently capped on the upside and supported on the downside, and are expected to remain range-bound in the short term.
