国内供应端存在检修停产 预计锡价震荡偏强运行

Group 1 - The domestic futures market for non-ferrous metals is showing a positive trend, with the main contract for tin futures on the Shanghai Futures Exchange opening at 280,200.00 CNY/ton and reaching a high of 287,780.00 CNY, reflecting an increase of approximately 3.07% [1] - Supply-side factors indicate a tight market, with slow recovery in the Wa State and low processing fees domestically, leading to losses for smelters and reduced raw material inventories [1] - Demand for tin is showing resilience due to structural support from sectors like artificial intelligence and new energy, despite overall demand not experiencing a strong rebound [1] Group 2 - The macroeconomic environment is influenced by the Federal Reserve's minutes indicating a preference for continued easing, with some officials supporting the decision to not lower interest rates in September [2] - Indonesia's President has ordered the closure of 1,000 illegal tin mines, which may exacerbate supply tensions, while imports from Myanmar are showing signs of improvement due to mining permit approvals [2] - Domestic tin supply remains constrained, particularly in Yunnan and Jiangxi provinces, with low operating rates and a decline in domestic inventories observed [2]