According to the monitoring of the commodity market analysis system of Shengyi Society, the 1 # tin ingot market in East China fell this month (5.1-5.30), with an average market price of 261240 yuan/ton at the beginning of the month and 251610 yuan/ton at the end of the month, a monthly decline of 3.89%.

The sudden introduction of unexpected tariff policies by the United States has led to a significant drop in tin prices. Subsequently, in April, the Bisie mining area in the Democratic Republic of Congo announced the resumption of production, further exacerbating the downward trend in tin prices.
On the supply side, the import volume of tin ore from Myanmar continues to decrease, and the tight supply situation at the upstream mining end has not yet been alleviated. Although the artificial intelligence boom once drove the growth of the downstream semiconductor industry, this growth trend has gradually slowed down in recent times. At present, the impact of US tariff policies on market prices is gradually weakening. However, international macro policies may quickly adjust and change in the future. Against this backdrop, tin prices, which have seen significant increases in the previous period, may exhibit a wide range of fluctuations.
On the consumer side, after the end of the May Day holiday, some downstream processing enterprises in the industry chain have started to resume work and production, and the demand for low-priced inventory replenishment in the market has been released to a certain extent. However, transactions for high priced goods still appear relatively quiet. At the end of the month, tin prices plummeted, and the trading activity in the spot market significantly increased. After experiencing a sharp decline in tin prices, some companies seized the opportunity to launch procurement actions. With the further decline in prices, the purchasing willingness of downstream and end enterprises has significantly increased, and they have made essential purchases according to actual needs and appropriately replenished inventory.
Overall, there are still hidden concerns on the demand side, that is, in the context of global trade conflicts, the global economic growth rate is facing the risk of decline, which brings great uncertainty to the demand for tin. Although the resumption of production in the mining sector and trade conflicts between major countries have had a negative impact on tin prices, the strong performance of the current actual demand side and the shortage of tin ore supply can still provide some support for tin prices.