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The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 12 Feb , 2026

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Continues to Trade in a Narrow Range with Low Volume Before the Holiday, AI Sentiment Recovery Drives Prices to Hold Up Slightly Stronger]

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Opened Slightly Higher in Night Session and Fluctuated with a Pullback, Spot Market Trading Basically Stalled]

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 11 Feb , 2026

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Maintains Fluctuating Trend Before Holiday, Spot Market Trading Sluggish Approaching Holiday]

Last year, Ford Motor lost to BYD in global auto sales for the first time. Ford's wholesale sales declined by nearly 2% last year, falling slightly below 4.4 million units, which fell short of the 4.6 million units in sales reported by BYD in January. Data disclosed by the US automaker on Tuesday confirmed that BYD had risen to sixth place in the global auto sales ranking, one position ahead of Ford. Although Ford's US sales increased last year, it lost ground in Europe, particularly in the Chinese market.

Automaker Stellantis (STLA.N) is seeking to exit its US battery joint venture with South Korea's Samsung SDI. This comes after the company announced last week an asset impairment of over €22 billion (approximately $26 billion) as it gradually scales back its EV deployment and strives to preserve cash. Exiting the joint venture could be costly and protracted. Stellantis may also sell its stake to a third party. Following Trump's policy moves to undermine plug-in vehicles, EV and battery projects have put pressure on the company, and CEO Antonio Filosa is working to contain related losses. Stellantis and Samsung established the Indiana joint venture in 2021, committing to invest $2.5 billion and create 1,400 new jobs in Kokomo. The plant, Samsung's sole battery factory in the US, began operations in 2024 and has started producing some battery cells for ESS.

[Tin Midday Review: The Most-Traded SHFE Tin Contract Continues Fluctuating Before Chinese New Year, Spot Trades Weaken]

During investor relations activities, Minde Electronics stated that the first phase of Guangzhou Core Microelectronics is expected to have a capacity of 100,000 6-inch silicon-based power devices per month, and it is currently in a healthy expansion phase, with output increasing from 6,000 pieces per month at the beginning of 2025 to 40,000 pieces per month by the end of 2025. The products currently in mass production mainly include MOS Field Effect Rectifiers (MFER, 45V–200V) and Vertical Double-Diffused Metal-Oxide-Semiconductor Field-Effect Transistors (VDMOS, 60V–2,000V), among which the monthly output of MFER is approximately 12,000 pieces, and that of VDMOS is approximately 26,000 pieces.

The price surge triggered by AI is spreading across the component industry chain. Following the sharp rise in memory chip prices, multilayer ceramic capacitors (MLCCs) have become the next key component to experience price increases. It is reported that spot prices for MLCCs in South Korea have risen by nearly 20%, and the industry expects the upward trend to continue in the short term. The capital market has responded positively. Since the beginning of this year, South Korea's Samsung Electro-Mechanics, a leading company in the MLCC industry, has seen significant gains, while related A-share stocks such as Fenghua Advanced Technology and Sanhuan Group have also risen in sync. The industry widely anticipates that the MLCC sector will show a differentiated pattern in 2026: high-end products are expected to see a surge in demand driven by the AI boom, while low and mid-end products will face pressures from weak demand and rising costs. Domestic enterprises have already established advantages in the low and mid-end markets and are currently accelerating their efforts to break into the high-end market.

According to the Financial Times, former President Trump is expected to exempt companies such as Amazon, Google, and Microsoft from impending tariffs on chips, as these companies are racing to build data centers that power the AI boom. Informed sources reveal that the US Department of Commerce plans to provide tariff exemptions for US hyperscale data center operators, which will be linked to TSMC's investment commitments. This exemption plan highlights President Trump's determination to impose tariffs on chips and incentivize domestic chip manufacturing in the US, while also offering some relief to companies heavily reliant on imported semiconductors that drive the rapid development of American artificial intelligence. A government official familiar with the plans cautiously stated that these plans are still subject to change and have not yet been signed by the President.

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Maintained a Fluctuating Upward Trend During the Night Session, with Market Transactions Dominated by Scattered Orders for Immediate Needs]

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 09 Feb , 2026

[SMM Tin Midday Review: Most-Traded SHFE Tin Contract Price Rebounds on Technical Correction, Spot Market Trading Turns Sluggish]