Shanghai Futures Exchange tin contract kept sliding,closing morning session June 10,2026,at 394,000 yuan per metric ton . Down 1.89% from opening at 409,000 yuan. London Metal Exchange also saw a drop,tin settling at $51,705 per metric ton, a 0.92% fall.
Middle East tensions are partly to blame. Israel and Iran locked in cross-border strikes,pulling in U.S. forces. Iran hit U.S. base in Jordan,raising stakes. Such geopolitical turmoil is hitting market sentiment hard .
Economically,China's consumer price index (CPI) rose 1.2% year-on-year in May 2026,though dipped 0.1% month-on-month. Core CPI,excluding food and energy,up 1.1% year-on-year. Producer price index (PPI) jumped 3.9% year-on-year,0.5% month-on-month,thanks to recovering demand and commodity price swings.
Spot market stays quiet. Downstream enterprises cautious,making small buys on dips, holding off bigger orders. Reflects broader uncertainty on prices. Suppliers keep selling steady,spot premium quotes for mainstream brands stable in narrow range .
Geopolitical tensions,plus U.S . Fed's tighter monetary policy expectations,dragging metal prices down. As profit-taking hit,futures saw quick correction . But with ongoing declines,could a technical rebound be on horizon…?
