[SMM Tin Midday Review: US Dollar Index Weakens, Boosting Non-Ferrous Metal Prices] Today, the most-traded SHFE tin contract (SN2508) continued its strong performance, opening at 268,420 yuan/mt. It pulled back slightly in the morning session, with gains narrowing, and eventually closed at 268,710 yuan/mt, up 0.76% for the day. During the night session, SHFE tin fluctuated at highs, with market sentiment supported by macro policy boosts and a tight supply and demand situation.

[Weekly Review of Aluminum Scrap and Secondary Aluminum: Under the Dominance of Off-Season, Aluminum Scrap Prices Show Significant Differentiation at High Levels, While Secondary Aluminum Alloy Faces Inventory Buildup Pressure amid Weak Market Conditions] Overall, the ongoing tug-of-war between cost support and weak off-season demand persisted. After a 50-100 yuan/mt decrease in ADC12 prices during the week, prices stabilized temporarily, but the influx of low-priced goods intensified market competition. Looking ahead, with the deepening impact of the off-season and inventory accumulation, ADC12 prices are expected to remain in the doldrums in the short term. Close attention should be paid to marginal changes in raw material circulation and signs of improvement in demand.