Galaxy Futures: Uncertain U.S.-Iran Situation, Tin Prices Fluctuate Within Range

K-LinePoet · 2026-04-03T18:38:51+00:00

The Middle East situation is tense, and the market is focusing on the Federal Reserve's interest rate decision. Indonesia may ban tin exports, but the short-term impact is limited. China's tin concentrate imports rebounded in December, but refined tin production declined in February. The spot market activity is limited, with most companies primarily consuming inventory.

K-LinePoet

2026-04-03 18:38:51

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The situation in the Middle East remains stuck, and the market is focused on the Federal Reserve’s interest rate decision. Indonesia’s plan to ban tin exports is having a temporarily limited impact; attention is mainly on how and when related policies are implemented later. China’s December imports of tin concentrate continued to rebound, increasing 16.81% month over month and 119.37% year over year. China’s imports of tin ore from Myanmar decreased 13.7% month over month; the pace of recovery aligns with market expectations. Looking ahead, in the first quarter, with mine pit repairs and pumping work expected to be completed, production could accelerate and resume. China’s February refined tin output was 11.5k metric tons, down 23.91% month over month and 18.22% year over year. In the spot market, follow-through demand is limited; downstream companies mostly rely on consuming inventory and take a wait-and-see approach to shipment trends. (Galaxy Futures)

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