According to Jinshi, on Wednesday, London tin continued to decline, falling below 32,000 points, and the main contract of Shanghai tin 2407 fluctuated and weakened simultaneously, with the intraday decline exceeding 4% at one point. Overnight, Federal Reserve Board member Bowman released a hawkish speech, which greatly dampened the market's optimism about interest rate cuts. Most sectors such as precious metals and non-ferrous metals fell, and Shanghai tin weakened simultaneously. Poor downstream demand also put pressure on the Shanghai tin market. However, the shortage of mines and the increase in semiconductor demand may support the high operation of Shanghai tin. Looking ahead to the future market, Shanghai tin may be dominated by fluctuations in the short term, and attention should be paid to the realization of maintenance expectations and the performance of tin ingot inventory.
