[SMM Tin Flash: The Most-Traded SHFE Tin Contract Hit the Down Limit, Now at 394,890 yuan/mt, Down 12%]

Published: Mar 3, 2026 15:11

Save

On the afternoon of March 3, the most-traded SHFE tin contract fell rapidly, hitting the 12% daily limit down near the close to settle at 394,890 yuan/mt. Recently, fading macro sentiment combined with rising expectations of an overseas supply recovery led to a swift unwinding of the sentiment premium previously injected by geopolitical conflicts. Market pessimism was released in a concentrated manner. Futures have remained weak since the night session yesterday, with losses continuing to widen during the day, ultimately hitting the limit down.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 3, 2026 16:06

Space Computing Power Professional Committee Established; 10 Key Projects Unveiled

On April 3, at the 2026 Space Computing Power Industry Conference, the "Space Computing Power Professional Committee" of the Computing Power Industry Development Consortium was established. Yicai reporters learned on site that the conference released ten key research projects that day, covering critical technologies at the satellite platform level, chip level, payload board level, networking and operations level, hardware system level, system software level, industrial application level, cross-structural level, cross-launch vehicle level, and cross-thermal management level, and that joint research collaboration will be carried out with industry participants.

Apr 3, 2026 16:06

Apr 3, 2026 15:49

Data: SHFE, DCE market movement (Apr 03)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 03 Apr , 2026

Apr 3, 2026 15:49

Apr 3, 2026 15:02

Nvidia Invests $2 Bln in Marvell for Silicon Photonics Tech Cooperation

Nvidia (NVDA.O) said it has invested $2 billion in Marvell Technology (MRVL.O), and the two sides plan to cooperate in the field of silicon photonics technology. Silicon photonics technology enables high-speed, energy-efficient data transmission, with its two common application fields being artificial intelligence and cloud computing. Nvidia Chief Executive Officer Huang Renxun said in a statement on Tuesday: “By joining forces with Marvell, we enable clients to leverage Nvidia’s AI infrastructure ecosystem and build dedicated AI computing capabilities at scale.”

Apr 3, 2026 15:02