Tin prices end two-month losing streak. Can fundamentals support further strength in tin prices? [SMM Monthly Outlook]

Published: Jun 30, 2025 19:39

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Rising expectations for a US Fed interest rate cut and the Trump administration's interference in monetary policy have sparked concerns over the US Fed's independence, causing the US dollar index to weaken under pressure in June. As the US dollar generally moves inversely to commodity prices, this has boosted tin prices. On the fundamentals side, the progress of production resumptions in Myanmar fell short of expectations, and the current tight supply of ore in China, coupled with changes in the supply-demand pattern, provided strong support for tin prices, enabling them to break a two-month losing streak on the monthly chart. As of around 17:00 on June 30, SHFE tin fell by 0.6%, closing at 268,110 yuan/mt, with a monthly gain of 6.01% in June. LME tin fell by 0.11%, closing at $33,725/mt, with a temporary monthly gain of 10.92% in June.

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