[Chengdu High-tech Zone enterprise achieved a key breakthrough in chip-level molecular clock]

[SMM Tin Futures Review: The most-traded SHFE tin contract remained moving sideways above 410,000, with strong downstream wait-and-see sentiment and purchases made only on an as-needed basis.]

[SMM Shanghai Spot Copper] Looking ahead to next week, the current tight supply of available spot cargoes remains unchanged. After low-priced sources were quickly absorbed intraday, suppliers' willingness to hold prices firm re-emerged, with the premium rebounding to around 300 yuan/mt, indicating strong support from below. According to SMM, after a slight correction in SHFE copper prices, end-use demand emerged, and orders for some copper processing enterprises increased, with end-users mostly placing orders around 104,500 yuan/mt. In terms of supply, some LME cancelled warrants have already been shipped to China and are expected to arrive gradually around next week; the actual supply remains to be observed. Overall, with low inventory, support from the backwardation structure, and downstream dip-buying, Shanghai spot copper prices against the SHFE 2608 contract are expected to maintain a premium next week, though the overall center may edge down slightly. Attention should be paid to the actual impact of import arrival pace on spot circulation.