Latest Update in the SMM Copper Scrap Market

This week, the ferrous metals series fluctuated rangebound. Overseas, US President Donald Trump was inaugurated on the 20th, signing over 40 presidential executive orders on the same day, covering border immigration policies, withdrawal from international organizations or agreements, among others, drawing significant attention from the international community...

[Aluminum Scrap Daily Review: Select Leading Companies' Purchase, Aluminum Scrap Industry Enters Holiday]

[SMM Tin Market Brief: SHFE Tin Prices Remain Weak; JFX Annual Trading Volume Exceeds 1,000 mt] SHFE tin showed a fluctuating downward trend today. The SHFE 2502 contract opened at 249,000 yuan/mt, with a daily decrease of 4,186 lots in open interest, bringing the total open interest to 5,006 lots. The daily trading volume was 19,000 lots. In the spot market: Some smelters suspended quotations and shipments, while most traders had already stopped quoting. During the morning session, traders quoted premiums and discounts for domestic tin ingot brands, with little change compared to recent days. Quotations for small-brand tin ingots against the SHFE 2502 contract were on parity to premiums of 200 yuan/mt...

[Weekly Review of Aluminum Scrap and Secondary Aluminum: Secondary Aluminum Alloy Prices Stable Before the Holiday, Market Transactions Weakened by Chinese New Year Holiday] This week, the absolute price of domestic spot primary aluminum remained above 20,000, fluctuating at highs. Spot discounts in east China continued to narrow, while the price difference between primary metal and scrap widened during the week.

[Aluminum Scrap Daily Review: Most Aluminum Scrap Suppliers on Holiday, Market Transactions Weaken]

【SMM Tin Midday Review: SHFE Tin Prices Fluctuate Downward, Spot Market Likely to Remain Sluggish Before the Holiday】In today's futures market, SHFE tin prices showed a clear downward fluctuation trend. The most-traded SHFE tin 2502 contract opened at 249,200 yuan, but its price gradually declined during the morning session. As of the latest data, the transaction price had dropped to 247,570 yuan, marking a decrease of -0.94% compared to the opening price. Meanwhile, the market's open interest continued to shrink, currently standing at 5,902 lots. In the spot market, tin ingot prices adjusted in line with the futures market. Specifically, the SMM 1# tin ingot was quoted between 248,000 yuan and 250,000 yuan, with an average price of 249,000 yuan, down by 1,400 yuan per mt compared to the previous day. Further analysis of market dynamics reveals that spot market activity remained sluggish today. As downstream and end-user enterprises gradually entered the holiday period and logistics operations across regions came to a halt, spot trading nearly stagnated. Based on the current market situation, it is expected that the spot market will continue this subdued trend later this week. Additionally, many spot traders have decided to complete all pre-holiday trade tasks within this week, further deepening the market's quiet atmosphere. Overall, as the new year approaches, market trading has gradually entered the closing phase, with the industry awaiting the challenges and opportunities of the upcoming year. In such a market environment, investors and traders need to assess risks more cautiously while also preparing for potential...

[SMM Tin Futures Brief: SHFE Tin Prices Fluctuated and Declined, JFX Daily Trading Volume Surpassed 100 for the First Time After the Holiday] SHFE tin showed a fluctuating downward trend today. The SHFE 2502 contract opened at 251,600 yuan/mt, with a daily decrease of 4,744 lots in open interest, bringing the total open interest to 9,192 lots. The daily trading volume reached 40,400 lots. In the spot market: Some smelters maintained a sentiment to stand firm on quotes, while most traders actively sold. During the morning session, traders' quotations for various domestic tin ingot brands showed little change compared to recent days. Specifically, small-brand tin ingots were quoted at parity to premiums of 200 yuan/mt against the SHFE 2502 contract; delivery brand prices were quoted at premiums of 300-800 yuan/mt against the SHFE 2502 contract; Yunnan tin brand quotations against the SHFE 2502 contract were 1,000-1,100 yuan/mt; imported tin brand spot quotations were at discounts of 800-1,000 yuan/mt against the SHFE 2502 contract. As the Chinese New Year holiday approaches, downstream enterprises mostly adopted a wait-and-see attitude, with only a few making just-in-time procurement. Most traders reported scattered transactions, with a few trading 10-20 mt. Overall, the spot market was relatively quiet today.