April 25 spot price of SMM tin

According to the data of the General Administration of Customs, P.R. China, China's tin ore imports in January and February were 39,989 mt and 19,755 mt respectively and increased significantly compared with the same period last year.

Baosteel Desheng High-quality Stainless Steel Green Industry Base Project - Steel Capacity Replacement Project is located in Jin’gang Industrial Zone, Luoyuanwan Development Zone, Luoyuan County, Fuzhou City.

LME tin contract prices have fluctuated rangebound since September 10 while SHFE tin stood firm. US Dollar fell slightly today. SHFE tin hit a record high of 266,190 yuan/mt after rising for four consecutive days. The open interest of SHFE tin rose 4,000 lots to 57,000 lots as of 10:29.

The proportion of LFP batteries installed in NEVs has increased from 38% in January to 51% in July. The installed capacity of LFP battery is expected to continue to grow in H2.

Shanghai base metals mostly cruised higher on Friday morning amid dovish comments from European Central Bank. Meanwhile, their counterparts on the LME traded mixed.

SHFE nonferrous metals closed mixed on Monday July 19 as markets digested the latest OPEC + announcement regarding oil production, and continued to brood on inflation and rising Covid-19 cases.

SHFE nonferrous metals all went up today as China’s power curtailment expanded to many regions, and US expectation of interest rate hikes intensified.

Shanghai base metals traded mixed on Thursday morning as traders reacted to hotter-than-expected US and UK inflation figures and comments from Fed Chairman Jerome Powell. Meanwhile, their counterparts on the LME fell for the most part.

Shanghai base metals advanced across the board on Monday morning as investors continued to monitor the Covid situation regionally. Meanwhile, their counterparts on the LME also rose for the most part.

SHFE nonferrous metals, except for copper and lead, all went up today, amid the shrinking increase in China’s CPI and PPI. Nickel rose 2.61% to lead the gains, aluminium increased 0.32%, zinc went up 0.58%, and tin advanced 1.38%, while copper fell 0.14% and lead shed 0.79%.