[SMM Tin Midday Review: SHFE Tin Prices Surge Strongly, Spot Market Temporarily Stagnant] Today, the SHFE tin futures market exhibited a strong upward trend. At the opening, the most-traded SHFE tin contract jumped to 250,000 yuan/mt, reflecting the market's optimistic outlook for future trends after the Chinese New Year. During the morning trading session, SHFE tin prices continued to rise, with the latest transaction price settling at 254,740 yuan/mt, marking a significant increase from the opening price and an overall % change of 2.64%. ……

Overnight, LME copper opened at $9,134.5/mt, rose slightly at the beginning of the session before fluctuating downward, hitting a low of $9,103.5/mt.

Chinese New Year Period Ends, Spot and Futures Markets Gradually Resume Operations [SMM Tin Morning News] SMM Tin Morning News on February 5, 2025: On February 1, 2025, the US government announced a 10% tariff hike on all Chinese exports to the US, citing issues such as fentanyl. The unilateral tariff hike by the US seriously violates World Trade Organization rules, not only failing to address its own problems but also disrupting normal economic and trade cooperation between China and the US. In accordance with the "Customs Law of the People's Republic of China," the "Import and Export Tariff Regulations of the People's Republic of China," the "Foreign Trade Law of the People's Republic of China," and basic principles of international law, and with the approval of the State Council, China will impose additional tariffs on certain imported goods originating from the US starting February 10, 2025........

[SMM Morning Meeting Summary: Domestic Market Exhibits Weak Supply and Demand, Spot Market Transactions Halted] This week, the tin market showed overall volatility and uncertainty, with SHFE tin prices experiencing significant fluctuations under the interplay of bullish and bearish factors. From the international market perspective, macroeconomic data, policy changes, and supply and demand dynamics collectively influenced market trends. Specifically, the price of the most-traded SHFE tin futures contract initially rose after the New Year opening but subsequently pulled back, closing lower compared to the previous trading day. On the supply side, refined tin production in December declined by 4.41%, and with the Chinese New Year approaching, production is likely to continue decreasing. The operating rate of refined tin smelters in Yunnan and Jiangxi provinces dropped to 47.57%, indicating increased pressure on raw material supply...

SHFE Tin Prices Fluctuate Rangebound, Spot Market Transactions Halted [SMM Tin Morning Brief] On January 27, the latest "China Auto Dealers Inventory Alert Index Survey" (VIA) released by the China Automobile Dealers Association showed that the Vehicle Inventory Alert Index for Chinese auto dealers in January 2025 stood at 62.3%, up 2.4 percentage points YoY and 12.1 percentage points MoM. The inventory alert index remained above the 50 mark, indicating that the automotive circulation industry was in a sluggish zone. During yesterday's night session, SHFE tin prices exhibited a rangebound trend without significant volatility. In the futures market, the price of the most-traded SHFE tin contract stabilized at 248,000 yuan/mt. Due to downstream and end-user enterprises entering the Chinese New Year holiday, there were no tin ingot transactions in the spot market. It is expected that the spot market will gradually resume transactions after the holiday as downstream and end-user enterprises return to work.

US Tariff Policy Pressures Metal Prices; Spot Market Transactions Nearly Stalled [SMM Tin Morning Brief] Recently, former US President Trump claimed that the US government is considering imposing a 10% tariff on goods imported from China starting February 1. This announcement immediately sparked concerns about a potential escalation in trade tensions, which could significantly impact the price trends of metals such as tin. During yesterday's night session, SHFE tin prices showed a sideways consolidation trend without exhibiting volatility. In the futures market, the price of the most-traded SHFE tin contract remained stable at 246,000 yuan/mt...

[SMM Tin Market Brief: SHFE Tin Prices Remain Weak; JFX Annual Trading Volume Exceeds 1,000 mt] SHFE tin showed a fluctuating downward trend today. The SHFE 2502 contract opened at 249,000 yuan/mt, with a daily decrease of 4,186 lots in open interest, bringing the total open interest to 5,006 lots. The daily trading volume was 19,000 lots. In the spot market: Some smelters suspended quotations and shipments, while most traders had already stopped quoting. During the morning session, traders quoted premiums and discounts for domestic tin ingot brands, with little change compared to recent days. Quotations for small-brand tin ingots against the SHFE 2502 contract were on parity to premiums of 200 yuan/mt...