First Capital Futures: Some civil aviation operations have resumed, but tin prices are unlikely to return to their previous strong levels in the short term.

K-LinePoet · 2026-04-02T09:43:59+00:00

Geopolitical conflicts still carry uncertainties, but there have been significant progress in maritime navigation. It is reported that multiple governments, including India, Pakistan, Iraq, Malaysia, and China, are directly discussing vessel transit plans with Tehran. Islamic Revolutionary Guard Corps officials have established a preliminary vessel registration system to "approve" ships for safe passage, and ships are already passing through. The restoration of supplies has alleviated short-term concerns, and market sentiment has improved. Today, tin prices gradually stabilized above 350,000 and began a substantial rebound, approaching 370,000 with nearly a 4% increase. For chip manufacturing, as long as energy supplies are available, even if raw material costs are high, it is far better than halting production. The Damocles sword hanging over chip-producing regions like South Korea is slowly being lowered, and demand remains decent. However, the current situation is far below the previously optimistic state, and short-term tin prices are unlikely to return to their previous strength. (First Capital Futures)

K-LinePoet

2026-04-02 09:43:59

Geopolitical conflicts remain uncertain, but there have been significant progress in navigation. It is reported that multiple governments, including India, Pakistan, Iraq, Malaysia, and China, are directly discussing vessel transit plans with Tehran. An official from the Islamic Revolutionary Guard Corps has established a preliminary vessel registration system to “approve” the safe passage of ships, and ships are already transiting. Repairs to supplies have alleviated short-term concerns, and market sentiment has improved. Today, the tin price gradually stabilized at 350,000 and began a substantial rebound, approaching 370,000, with an increase nearing 4%. For chip production, as long as energy supply is stable, even if raw material costs are high, it is far better than halting production. The Damascus Sword hanging over chip manufacturing regions such as South Korea is slowly being lowered, and demand is performing reasonably well. However, the current situation is still far below the previously optimistic and positive outlook, and in the short term, the tin price is unlikely to return to its previous strength. (Chuangchuang Futures)

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