[SMM Tin Midday Commentary: Bullish and Bearish Factors Intertwine, and the Dilemma of Fluctuating Between Gains and Losses in Shanghai Tin Continues]

Precious metals are having a moment. Gold and silver surged to record highs in January, benefiting from an alignment of macroeconomic factors, evolving supply-demand dynamics, and renewed industrial demand.

Tensions in the Middle East have escalated again recently, as the conflict between Israel and Iran continues to intensify, drawing renewed global attention to energy transportation security in the Gulf region.Given the high level of uncertainty surrounding the development of the situation, market risks are clearly skewed to the upside. This article provides a brief analysis of how the current conflict may affect the copper market going forward.

[SMM Analysis] The nickel price was mainly driven by macroeconomic sentiment and fundamentals from the perspective of the industrial chain within the week. First, in terms of macroeconomics, as September approaches, market transactions for interest rate cuts in September have gradually intensified, influenced by dovish remarks made earlier by Federal Reserve Chair Jerome Powell and a number of officials...

SHANGHAI, Sep 13 (SMM) –Macroeconomics: Domestically, within the economic cycle, positive macroeconomic signals continue to bed released. People's Bank of China, China Banking and Insurance Regulatory Commission, and China Securities Regulatory Commission jointly held a meeting and proposed adjustments to optimize real estate credit policies.

The trend of nickel prices in H1 2024 overall presented an inverted "V" shape. The performance of nickel prices in H1 this year can be summarized as a rise followed by a fall...