Chuangshi Futures: Wa State Advances Full-Scale Resumption of Production, Tin Prices Continue to Adjust

K-LinePoet · 2026-03-15T12:14:18+00:00

Due to the comprehensive resumption of production in Wa State, tin prices have pulled back significantly, falling more than 11% today and breaking below 400,000. With supplies expected to continue increasing, tin price gains are hindered in the short term, but long-term outlook remains optimistic, and prices below 400,000 may attract buying interest.

K-LinePoet

2026-03-15 12:14:18

Abstract generation in progress

Although tin prices once rose above 450,000 yuan, they have experienced a continuous decline as Waboan promotes full production resumption. Today, tin prices plummeted over 11%, falling below 400,000 yuan and giving back most of the post-holiday gains. Yesterday, Waboan officials announced their involvement in the water pumping process at the mines, which will accelerate the resumption of mining operations. By November-December 2025, Myanmar’s tin concentrate exports to China have recovered to about 1,300 tons per month. As the water pumping process progresses and more mines resume operations, the output is expected to increase further from March. The short-term increase in supply has interrupted the rise in tin prices. However, as prices return near 400,000 yuan, it may stimulate demand to decline. We remain optimistic about the market outlook, and traders holding long positions below 400,000 yuan may consider re-entering. (First Capital Futures)

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