[SMM Data: Complete Summary of SMM March 2026 Import and Export Data] SMM March 2026 import and export data showed: copper cathode net imports were lower YoY; primary aluminum imports reached 255,000 mt, up 14.8% YoY; refined lead imports surged significantly; zinc ingot imports were up 220% MoM; tin ore imports were up 122% YoY; silver imports were up 93% MoM; steel exports rebounded MoM; PV module export value was up 122.7% MoM; silicon metal exports were up 43% MoM, and magnesium exports hit a multi-year high. Among new energy materials, exports of LiPF6 and artificial graphite surged significantly.

Data from the online customs statistics query platform showed that China's refined tin imports in March 2026 were 3,287.47 mt, up 51.62% MoM and up 56.50% YoY. China imported 2,169.43 mt of refined tin from Indonesia in March, up 43.67% MoM and up 28.35% YoY. China imported 525.49 mt of refined tin from Peru in March, up 50.20% MoM and up 425.19% YoY. Export side, China's refined tin exports in March 2026 were 2,191.46 mt, up 80.25% MoM and up 31.01% YoY. China exported 1,234.01 mt of refined tin to Hong Kong in March, up 208.66% MoM and up 2,143.13% YoY. China exported 285.1 mt of refined tin to South Korea in March, up 49.80% MoM and up 106.55% YoY. (Wenhua Comprehensive)

[SMM Morning Meeting Minutes: Last Week Tin Prices in and outside China Showed Wild Swings, Dominated by Repeated Shifts in Macro Sentiment]

[SMM Tin Midday Review: Both Macro and Fundamental Performances Stabilized, Tin Prices Continued Wild Swings Fluctuating Trend in the Morning]

【SMM Analysis: Copper Wire and Cable Exports Surged YoY in December, Philippine Market Rose to Second Place】According to data from the General Administration of Customs, China's exports of wires and cables totaled 277,400 mt in December 2025, up 1.38% MoM and 13.38% YoY. Among them, exports of copper wire and cable reached 140,500 mt in December, up 2.13% MoM and 30.8% YoY......

[SMM Weekly Review of ESS Battery Cell Market] Domestic demand for utility ESS has concluded in phases, with the price center pulling back slightly. Meanwhile, the temporary reduction in US tariffs has boosted export sentiment, providing some short-term support for prices. The market is exhibiting a structural game of "cooling domestically and warming externally.