The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Dec 25, 2024

[SMM Analysis: November Tin Solder Production Remains Stable, Pre-Chinese New Year Stockpiling Peak Expected] According to processing data from SMM based on market communication, the tin solder production of domestic sample enterprises in November remained stable compared to October. Meanwhile, the overall sample operating rate was nearly flat at 75.55%. However, entering December, total sample production is expected to see a slight increase, up 0.67% MoM. Correspondingly, the overall sample operating rate in December is also expected to rise to 76.06%.

[SMM Tin Midday Review: SHFE Tin Prices Fluctuate Rangebound, Spot Market Transactions Mediocre] Today, SHFE tin futures prices showed a fluctuating trend, with a slight increase compared to yesterday's closing price. However, as trading progressed, prices experienced minor fluctuations. By midday, SHFE tin futures prices had undergone some ups and downs. Market participants remained cautious about the future trend of tin prices, and trading activity was relatively stable. From a technical perspective, SHFE tin futures prices may continue to be influenced by various factors in the near term, including domestic and international economic conditions, supply-demand dynamics, and investors' market sentiment...

Futures Market: LME copper was closed overnight. The most-traded SHFE copper 2502 contract opened at 74,180 yuan/mt overnight, initially hitting a high of 74,210 yuan/mt before fluctuating downward to an intraday low of 74,070 yuan/mt.

During yesterday's night session, SHFE tin prices remained volatile, with spot market transactions being lackluster. [SMM Tin Morning Brief] Yesterday, SHFE tin prices exhibited a relatively stable but slightly fluctuating trend. At the opening, SHFE tin prices were influenced by the previous day's market sentiment, starting the day with a relatively steady performance. However, as international market dynamics shifted and domestic supply and demand factors came into play, prices experienced slight fluctuations. Yesterday, the opening price of the most-traded SHFE tin contract rose slightly compared to the previous day's closing price, indicating that demand for tin remained robust. Subsequently, prices dropped back slightly, possibly due to profit-taking by some investors and short-term arbitrage trading. Nevertheless, SHFE tin prices did not experience a significant pullback, reflecting the market's overall optimism about the future outlook for tin. During the afternoon trading session, SHFE tin prices gradually stabilized and showed some rebound...

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Dec 25, 2024

Overnight, LME copper opened at $8,971/mt, initially reaching a high of $8,988/mt before fluctuating downward throughout the session. Near the close, it hit a low of $8,936/mt, then slightly rebounded to close at $8,967/mt, down 0.34%.

In yesterday's trading, the SHFE tin market exhibited a relatively stable trend.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Dec 24, 2024

Overnight, LME copper opened at $8,973.5/mt, briefly hitting a high of $8,982.5/mt at the beginning of the session before fluctuating downward throughout the trading hours.