[SMM Tin Midday Review: SHFE Tin Pulls Back from Highs, Tight LME Tin Inventory Supports Cross-Market Price Spread] On July 1, 2025, the most-traded SHFE tin 2508 contract was in the doldrums: it opened at 267,800 yuan/mt, 340 yuan lower than the settlement price of the previous trading day. The intraday fluctuation range remained rangebound between 267,900 yuan/mt and 266,100 yuan/mt. It closed at 266,590 yuan/mt, down 1,550 yuan, or 0.58%. Trading and open interest were sluggish, with strong wait-and-see sentiment in the market. The open interest of the most-traded contract decreased by 1,610 lots.

US Treasury Secretary Bessent indicated that there would be a flurry of trade agreement signings. SHFE tin prices remained in the doldrums [SMM Tin Morning Brief]. Macro: (1) US Treasury Secretary Bessent: In the final week before the July 9 deadline, there would be a wave of trade agreement signings. (2) On the morning of June 30, 52 NEV units slowly rolled out of the export supervision warehouse at Nansha Port, boarding the "Sui Gang Auto 01" ro-ro ship and heading for the Hong Kong region. This marked the smooth opening of the "Sui Gang Auto Export Express" in the Guangdong-Hong Kong-Macao Greater Bay Area, making the export of domestically produced NEVs to the Hong Kong region more efficient and convenient. According to existing Hong Kong laws, imported vehicles in Hong Kong must undergo customs declaration and registration procedures after entering the region. The government departments of Guangzhou and Hong Kong have continued to deepen the alignment of rules and mechanisms between the two cities, innovatively introducing the "Sui Gang Auto Export Express" cooperation model. (Bullish ★) (3) The new generation of domestically produced general-purpose processor, Loongson 3C6000, was recently released. The breakthrough of the "China Chip" represents the pulse of accelerating the realization of high-level scientific and technological self-reliance and self-improvement. This homegrown CPU, developed based on the domestically independent instruction set LoongArch, features high performance, high reliability, and high security, meeting the computational needs of various scenarios such as general computing, intelligent computing, storage, industrial control, and workstations. (Bullish ★)

At the Indonesia Critical Minerals Conference & Expo 2025 - 2025 Southeast Asia Tin Industry Conference, hosted by SMM Information & Technology Co., Ltd. (SMM), supported by the Ministry of Foreign Affairs of Indonesia as a government supporter, and co-organized by the Indonesia Nickel Miners Association (APNI), the Jakarta Futures Exchange, and China Coal Resource, Liang Xiaochang, Deputy General Manager of Foshan Juchuang Automation Co., Ltd., elaborated on the "Modernization and Digital Development of Tin Solder Production."

[SMM Commentary on SHFE Tin Futures: The Weak Supply and Demand Pattern Persists, SHFE Tin in the Doldrums, Awaiting Breakthrough] The most-traded SHFE tin contract (SN2508) closed at 268,110 yuan/mt on June 30, down 0.60% (1,620 yuan) intra-day, with the five-day gain narrowing to 2.43%. The intra-day price exhibited characteristics of being in the doldrums, opening lower at 269,630 yuan/mt in the morning session and remaining under pressure, closing near the key level of 268,000 yuan in the afternoon session. The spot market weakened in tandem.