US Government Negotiates with Intel for Stake in the Company, Tin Prices May Maintain Fluctuating Trend [SMM Tin Morning Meeting Summary]

[smm morning meeting summary: us government negotiates with intel for stake in the company, tin prices expected to maintain fluctuating trend] last week, on the international macro front, the us government negotiated with intel to take a stake in the company, aiming to boost its domestic manufacturing, which could impact the global chip supply chain. additionally, us fed officials indicated that a significant interest rate cut next month might not be appropriate, leading to a cooling of market expectations for a rate cut. domestically, the tin ore market showed a weak supply and demand pattern. in terms of supply, tin ore supplies tightened in major production areas like yunnan, with some smelters planning maintenance or production cuts in august, providing some support to the supply side. on the demand side, after the installation rush in the pv sector, orders for tin bars in east china declined, while electronic end-users in south china entered the off-season. coupled with high tin prices, there was a strong wait-and-see sentiment among end-users, with orders only maintaining essential needs. other sectors such as tinplate and chemicals saw stable demand without any unexpected growth. spot market transactions were sluggish, with downstream solder companies being cautious in their purchases. traders attempted to refuse to budge on prices, but acceptance of higher prices was low, resulting in poor overall market transactions. overall, it is expected that tin prices will maintain a fluctuating trend this week. investors should closely monitor developments in domestic and overseas markets as well as policy changes, and operate with caution...