This week, the ferrous metals series trended downward weakly. Recently, domestic and international information has been released in succession. The US unadjusted CPI year-on-year for January stood at 3%, higher than the previous value and expectations. Traders have postponed the timing of the next US Fed interest rate cut from September to December...

[Daily Review of Aluminum Scrap: Primary Aluminum Surges, Scrap Aluminum Follows, Price Difference Between Primary Metal and Scrap Widens]

[SMM Tin Midday Review: SHFE Tin Prices Fluctuate Upward Driven by Overseas Market, Spot Market Transactions Remain Sluggish] This morning, the SHFE 2503 tin contract opened at 259,500 yuan/mt and then fluctuated upward, reaching an intraday high of 263,200 yuan/mt. By midday, the most-traded contract closed at 262,590 yuan/mt, up 3,310 yuan from the previous trading day. From the futures market performance, the price of the SHFE 2503 tin contract showed an upward fluctuation during the morning session. Driven by bullish forces, the price gradually climbed and hit the intraday high. However, with the intervention of bearish forces, the price faced some resistance during the rise, leading to a narrowing of the gains. Nevertheless, the overall market trading sentiment remained positive, and investors held optimistic expectations for the market outlook...

The steel scrap purchase price adjustment of Anyang Iron & Steel in Henan has been updated today. If needed, feel free to contact us!

[SMM SHFE Tin Brief Review: Indonesian Exports Recovered but Declined MoM, SHFE Tin Fluctuated Rangebound] The most-traded SHFE tin futures contract (SN2503) fluctuated upward today. The opening price was 259,010 yuan/mt, higher than the previous trading day's settlement price. During the session, it peaked at 259,540 yuan/mt and eventually closed at 257,990 yuan/mt, up 0.36% from the previous settlement price. The daily trading volume reached 17.668 billion yuan. Over the past five days, SHFE tin recorded a cumulative slight decline of 0.02%, overall fluctuating rangebound.

[Weekly Review of Aluminum Scrap and Secondary Aluminum: Secondary Aluminum Market Recovery Accelerates, ADC12 Prices Fluctuate Upward] With the end of the Chinese New Year holiday, the aluminum industry upstream and downstream gradually resumed work and production. The aluminum scrap industry resumed relatively later. This week, especially after the Lantern Festival, the resumption of work and production in the aluminum scrap upstream and downstream accelerated, and market activity showed slight improvement.

[Daily Aluminum Scrap Review: Primary Aluminum Slightly Down, Aluminum Scrap Largely Stable, Aluminum Scrap Market Recovering]

[SMM Tin Midday Review: US Dollar Index Under Pressure, SHFE Tin Prices Expected to Maintain a Fluctuating Trend] This morning, the most-traded SHFE tin 2503 futures contract opened at 259,010 yuan/mt, up 1,510 yuan, and then continued fluctuating at high levels, with an intraday high of 261,000 yuan/mt. By midday, the most-traded contract closed at 257,340 yuan/mt, up 270 yuan from the previous trading day. The US January CPI data exceeded expectations, with core CPI rising 0.4% MoM, prompting the market to reprice the US Fed's interest rate cut pace. The US dollar index came under pressure and fell, boosting the prices of base metals denominated in US dollars. Domestically, with the Two Sessions approaching, policy expectations are heating up, coupled with accelerated post-holiday resumption of work and production, improving the demand outlook for industrial metals and further supporting tin prices. On the supply side, Indonesia's tin ingot exports remain at low levels, combined with a decline in operating rates at some domestic smelters due to tight raw material supply. High prices suppress demand: Current prices near 260,000 yuan/mt may dampen downstream purchase willingness, and caution is needed against potential downward pressure from insufficient demand elasticity. SHFE tin futures prices are expected to continue consolidating at high levels in the afternoon, with a narrower fluctuation range of 256,000-259,000 yuan/mt...