SMM Tin Midday Review: Weak Demand Persists Amid DRC Disruptions and High Tin Prices

[SMM Tin Midday Review: DRC Disruptions Persist, Low Operating Rates Among Downstream Enterprises]

With the end of the Chinese New Year holiday, most downstream enterprises resumed production today. However, due to the continued rise in tin prices, purchasing willingness among end-user buyers remains weak. As a result, the number of orders received by downstream enterprises is limited, and overall operating rates remain at low levels, leading to relatively sluggish demand for tin ingots and a subdued trading atmosphere in the tin ingot spot market. It is expected that market conditions may improve after the Lantern Festival as more end-user enterprises resume operations. Moving forward, we need to closely monitor the US Fed's interest rate cut policy, as well as the situations in major tin ingot exporting countries such as Myanmar and the DRC, to better assess market trends...