LME Tin Prices Rebound for Seven Consecutive Days on Supply Concerns, But Gains May Not Sustain

Tin prices have rallied greatly recently, which was primarily driven by expectations for supply disruptions. Due to continuously falling TCs, most tin smelters are about to suffer losses, which triggered fears that output cuts might occur. However, now that smelters’ profitability has improved thanks to recent tin price rally, tin prices could lose upward momentum. Moreover, weak demand could also weigh on tin prices.