SMM Tin Morning Brief on February 12, 2025: On the evening of February 11, the National Supercomputing Internet Platform announced the launch of the "AI Ecosystem Partner Acceleration Program," offering incentives such as three months of free access to the DeepSeek API and a computing resource pool with tens of millions of core hours. According to the announcement, the platform has launched the full-featured model image of DeepSeek and is providing three months of free access to the DeepSeek API for enterprises in need. Yesterday, SHFE tin prices fluctuated downward. By the close of the daytime session, the price of the most-traded SHFE tin contract stabilized at around 257,600 yuan/mt. During the night session, SHFE tin prices opened lower but rebounded before the close to around 257,600 yuan/mt. The continuous decline in the overall open interest of SHFE tin contracts also reflects a gradual decrease in market confidence among bulls. In the spot market, as most downstream and end-user enterprises gradually resume production and operations, spot market transactions are recovering, with overall trading performance showing a rebound WoW.

![The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/WWXJU20251217171753.jpg)
![The most-traded SHFE tin contract fluctuated rangebound during the night session, with downstream enterprises mostly following up with small-lot transactions. [SMM Tin Morning Brief]](https://imgqn.smm.cn/usercenter/bYFQn20251217171752.jpg)
