[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...

[SMM Analysis] In terms of macroeconomics this week, the US non-farm payroll data was significantly revised downwards. Since the Fed's logic of not cutting interest rates from 2023 onwards strongly relies on the performance of non-farm payroll data, the market expresses concerns about the rationality of US economic data...

Last week, in macroeconomics, US non-farm payrolls data was significantly revised down.

[SMM Morning Meeting Summary: Market Sentiment Boosted by Macroeconomics, LME Zinc Maintains High Level] Overnight, LME zinc recorded a large bullish candlestick, with the 20-day moving average providing support below. LME social inventories decreased by 1,100 tonnes to 256,950 tonnes, a decrease of 0.43%. LME social inventories declined. In September, the United States...

[SMM Brief Comment on Aluminum Futures: Positive Macro Sentiment, SHFE Aluminum Rises] In terms of macroeconomics, Fed Chairman Powell sent the strongest signal so far last Friday, indicating that interest rate cuts were imminent. The US dollar index hit its lowest point in nearly a year, and non-ferrous metals generally rose. In terms of fundamentals, domestic electrolytic...