Latest Update in the SMM Aluminum Scrap Market

SMM Tin Futures Review: Bisie Tin Mine to Resume Operations and US Tariff Policy Implementation Impact SHFE Tin Prices Record Largest Intraday Volatility in Nearly Two Months. On April 10, 2025, the most-traded SHFE tin contract (SN2505) continued to be in the doldrums, showing a "bottoming rebound" trend during the day, closing at 25,200 yuan/mt, down 0.86% from the previous day's settlement price, but rebounding nearly 9.1% from the intraday low of 235,720 yuan/mt, marking the largest intraday volatility (9.7%) in nearly two months. In the morning session, dragged by the overnight LME tin price plunge of 4.68%, SHFE tin opened lower at 251,610 yuan/mt, then quickly fell to a temporary low of 249,800 yuan/mt. In the afternoon, stimulated by the rebound in US stocks and the pullback in the US dollar index, shorts reduced their positions, pushing the price above 257,000 yuan/mt. In the spot market, overall spot market transactions were active, with some traders' inventories being cleared out, reflecting the release of restocking demand in the spot market after the futures market's oversold condition...

SMM Tin Midday Review: US Tariff Policy "Selectively Suspended," SHFE Tin Prices Slightly Rebounded. As of midday today (11:30), the most-traded SHFE tin futures contract (SN2505) closed at 255,610 yuan/mt, down 1.47% from the previous settlement price, with an intraday fluctuation of 8.91%. The price hit a low of 235,720 yuan/mt, marking a two-month low. The opening price in the morning session was 245,000 yuan/mt, briefly surging to 258,300 yuan/mt driven by the overnight rebound in LME tin prices, then fluctuated rangebound, with market sentiment remaining fragile. On the spot market, spot premiums widened, reflecting some downstream restocking after the futures market's oversold condition.

SMM Tin Futures Review: US Tariff Policy Implementation Impacts SHFE Tin Prices, Plunging 5.55% Intraday. On April 9, 2025, the most-traded SHFE tin 2505 contract experienced a significant decline, with an intraday drop of 5.55%, closing at 254,100 yuan/mt, marking a new low in nearly a month. The opening price in the morning session was 266,280 yuan/mt, with the intraday low reaching 252,000 yuan/mt, and the maximum amplitude reaching 5.41%...

SMM Commentary: "Reciprocal Tariffs" Exceed Expectations, Driving Down Copper Prices; Can Continued Inventory Decline Bring a Turnaround to the Copper Market? On April 2, Trump announced "reciprocal tariffs," the scale of which exceeded market expectations, intensifying concerns over the risk of "stagflation" in the US economy and the escalation of global trade conflicts. This has cast a shadow over the demand prospects for non-ferrous metals such as copper. On April 3, copper futures across the three major exchanges all declined. As of 15:08 on April 3, LME copper fell by 2.25% to $9,502.5/mt, with its weekly decline temporarily at 2.98%; SHFE copper dropped by 1.28% to 78,860 yuan/mt.

The purchase price adjustment for steel scrap at Anyang Steel in Henan was updated today. Please feel free to contact us if needed!