US Fed policy stabilizes, US dollar index remains relatively steady, tin prices may hover at highs [SMM Tin Morning Meeting Summary]

[SMM Morning Meeting Summary: US Fed's Policy Stabilizes, US Dollar Index Remains Relatively Steady; Tin Prices Expected to Hover at Highs] Last week, in terms of international macroeconomic conditions, the US economic data showed robust performance, with the unemployment rate remaining low. The US Fed's policy stabilized, and the US dollar index remained relatively steady. Domestically, the overall supply-demand pattern in the tin ore market tightened. On the supply side, tin ore supplies in major production areas such as Yunnan tightened, prompting some smelters to consider halting production for maintenance or slightly cutting production, leading to a reduction in market supply. On the demand side, after the installation rush in the PV industry ended, orders for PV tin strips in east China declined, and the operating rates of some producers decreased. In south China, the electronics end-user market entered the off-season, coupled with high tin prices, resulting in a strong wait-and-see sentiment among end-users, with orders maintained only to meet immediate needs. Demand in other sectors such as tinplate and chemicals remained stable, without any unexpected growth. In the spot market, high prices suppressed restocking demand, with downstream enterprises mostly choosing to deplete their inventories or purchase spot cargo at a later date, with transactions primarily meeting immediate needs. The daily average shipments of most traders were only 10-30 mt. Overall, tin prices are expected to hover at highs in the short term. Investors need to pay attention to changes in domestic and overseas macroeconomic policies and further adjustments in supply and demand. It is recommended that investors remain cautious in their operations and pay attention to risk control...