Multiple Chip Producers Adapt to DeepSeek; SHFE Tin Prices Fluctuate Rangebound at the Beginning of the Week [SMM Tin Morning Brief]

Multiple Chip Producers Adapt to DeepSeek, SHFE Tin Prices Remain Rangebound Early This Week [SMM Tin Morning Brief] On the hardware side, over 15 chip producers have already adapted to the DeepSeek model, and related intelligent computing integrated machines are gradually being implemented. Meanwhile, multiple smartphone and automaker companies have also announced their integration with and support for this model, with the network of adopters continuously expanding. According to Cao Zhennan, Deputy Director of the National Engineering Research Center for High-Performance Computing, the adoption of open-source and open-access products like DeepSeek significantly reduces costs, which could lead to exponential growth in applications, potentially by one or several orders of magnitude. Yesterday, SHFE tin prices gradually stabilized and remained rangebound at high levels. By the close, the price of the most-traded SHFE tin contract stabilized at approximately 257,600 yuan/mt. From a technical analysis perspective, the upward momentum of SHFE tin prices has weakened this week, and prices are likely to remain rangebound. Additionally, the decline in open interest reflects the gradual dissipation of sentiment caused by supply disruptions last week. In summary, SHFE tin prices were relatively stable early this week, exhibiting a rangebound trend overall. In the spot market, as most downstream and end-user enterprises gradually resume production, spot market transactions are recovering.