[SMM Tin Midday Review: Resonance Between Macro Pressures and Supply Recovery Kept SHFE Tin Under Pressure and Continued to Weaken]

[SMM Tin Midday Commentary: Under Macro Pressure, SHFE Tin Contracts Fell to 366,000, and Trading in the Spot Market Was Relatively Active]

[SMM Tin Midday Review: The Center of the Most-Traded Contract Rebounded Slightly, and Market Transactions Weakened After Downstream Enterprises Restocked]

[SMM Tin Midday Review: Macro and Fundamental Bearish Factors Resonated, and the Most-Traded SHFE Tin Contract Once Fell Below the 370,000 yuan Mark]

[SHFE Tin Midday Review: Overseas Mining Bottlenecks Advance, SHFE Tin Contract Retreats from Highs Amid Stable Supply Expectations]

[SMM Tin Midday Review: SHFE Tin Fluctuates at Highs on First Trading Day After Holiday, Spot Tin Supply Tight but Demand Yet to Pick Up]

According to data released by Chilean Customs, Chile's copper exports in January amounted to 177.235 mt, with exports to China totaling 27,113 mt during the same month. Chile's exports of copper ore and concentrates in January reached 1,556,029 mt, of which exports to China accounted for 906,158 mt.

Cornish Metals Plc announced on Thursday that the US Export-Import Bank has issued a letter of interest for financing of up to $225 million to support the development of the South Crofty mine. The financing is subject to the explicit condition that the mine must supply tin ore to the US.

[SMM Commentary on SHFE Tin Futures: On the Eve of the US Fed's June Interest Rate Meeting, the Most-Traded SHFE Tin Contract Continues to Fluctuate] In the spot market, the resumption of tin ore production in Myanmar has been slow. Although some miners have applied to resume production, strict approval processes, coupled with transportation restrictions during the rainy season, have kept actual imports at a low level. Meanwhile, Thailand's policy of banning Myanmar from using its territory to transport tin ore has exacerbated the tight supply, with an estimated impact of 500-1,000 mt (metal content) on domestic monthly supply.

High prices curb downstream purchase willingness. SHFE tin prices fluctuate rangebound at 263,000 yuan/mt. [SMM Tin Morning News] Macro: (1) The National Association of Financial Market Institutional Investors held a symposium on supporting the high-quality development of automakers in China's interbank market. (Bullish ★) (2) Guangzhou Huangpu: Encourage the development of high-end semiconductor and sensor materials to build the core bearing area of the third pole of China's integrated circuit industry. (Bullish ★) (3) The "first move" of Michelle Bowman, the newly appointed Vice Chair for Supervision of the US Fed: A meeting will be convened to discuss relaxing bank leverage ratio requirements.