Two industry associations: the rapid rise in tin prices deviates from the industry fundamentals, market parties need to remain rational and cautious, and increase risk awareness.

The Tin Industry Branch of the China Nonferrous Metals Industry Association issued a proposal on its official WeChat account on the 23rd, stating that the rapid increase in tin prices is completely divorced from the industry's fundamentals. The current rapid price increase is driven more by market sentiment and capital rather than industry fundamentals. The Tin Industry Branch emphasized that the rapid increase in tin prices driven by capital at this stage has greatly increased market risks and caused significant damage to the healthy development of the global industrial supply chain. In the long run, the drastic fluctuations in price pose a serious threat to the high-quality development of the tin industry. In order to better maintain market order and create a stable market environment, the Tin Industry Branch of the China Nonferrous Metals Industry Association and the Electronics Materials Tin Solder Branch of the China Electronic Industry Association jointly call on all parties in the market to maintain a rational and cautious attitude, avoid blindly following the trend, objectively judge market conditions, raise risk awareness, jointly create a healthy and rational market environment, resist speculative behavior that violates the objective laws of the market, and work together to guide prices back to a reasonable range and improve long-term stable market mechanisms.