No significant improvement seen on the demand side, SHFE tin breaks down [Flash News]

Towards the end of the trading session, SHFE tin prices accelerated their decline, with the most-traded contract falling by over 2%.

In the short term, the tight supply of tin ore is unlikely to ease, and it is expected that refined tin production in May will decline MoM. However, in the medium term, as the resumption of tin ore production in Myanmar and Africa progresses, the supply tightness issue will be resolved. On the demand side, no significant improvement has been observed, with traditional sectors under pressure. The demand for solder in electronics, home appliances, and other sectors is being suppressed by high tin prices, and downstream enterprises are maintaining just-in-time procurement. The fundamental supply and demand in the tin market are both weak.