INTELLIGENCE REPORT
DEFENSIVE

Tin Intelligence Report

June 15, 2026 · Intelligence Report · Tin (LME / SHFE)

Market diagnosis: Tin prices remain elevated near record territory at $53,350/mt, lifted by tight supply from Indonesia's mining crackdown and Myanmar's prolonged Man Maw suspension. The market has transitioned from speculative frenzy to high-level consolidation as fundamentals catch up. Structural deficits loom by 2028. Prices are +58% YoY. The forward curve is backwardated, reflecting near-term tightness. This report provides procurement-specific guidance with quantified scenario analysis, cost impact modeling, and forward contract recommendations.

LME Cash
$53,350
$/mt · June 15, 2026
LME 3M
$53,460
$/mt · Backwardation
SHFE
CNY 420,000
CNY/mt · May 2026
YoY Change
+58%
Jun 2025 avg ~$33,800
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