Latest Update in the SMM Battery Recycling Market

[SMM Tin Midday Review: SHFE Tin Contract Pulled Back in Morning Trading, but High Absolute Prices Suppressed Spot Transactions]

[SMM Tin Midday Review: News-Driven Twists Continued Futures Volatility, Spot Cargo Prices Held Steady but Trading Was Limited]

This week, ferrous metals exhibited a pattern of initial weakness followed by strength. At the beginning of the week, after the U.S.-Iran peace talks failed to reach an agreement, the U.S. military announced it would impose a blockade on all maritime traffic in and out of Iranian ports, pushing international oil prices higher once again. Mid-week, disturbances from iron ore long-term contract negotiations intensified, with market rumors suggesting that restrictions on certain previously limited products had been partially lifted. Subsequently, news emerged of an unexpected shutdown at an Australian refinery, raising market concerns that a diesel supply deficit could trigger mine shutdowns, which in turn would lead to short-term supply tightening. Coupled with rising expectations of a second round of coke price increases, ferrous metals successfully rallied in the latter half of the week...

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

[SMM Tin Midday Review: Macro Neutrality and Wait-and-See Sentiment Drive Futures Consolidation; Only Sporadic Rigid Demand for Spot Cargo in High-Range Trading]

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Broke Above the 390,000 Mark, High Prices Suppressed Spot Cargo Transactions]

[SMM Tin Midday Review: Tin Price Center Shifted Upward, Breaking Through 380,000; Spot Market Trading Remained Sluggish]

[SMM Tin Midday Review: Macro Expectations Shifted Again, SHFE Tin Contract Declined in a Stepwise Pattern During the Morning Session]

This week, ferrous metals fluctuated downward, with raw materials declining significantly more than finished steel. Cost-side logic weakened further during the week. Mid-week, both the U.S. and Iran indicated they had entered the final stage of finalising negotiation details, causing overseas market crude oil to plunge and dragging down the coal sector. In the latter half of the week, rumors emerged that negotiations between China Mineral Resources and BHP would be announced next week, with iron ore leading the downward trend. On the finished steel side, inventories of the five major steel products continued to destock, maintaining a structure of both rising supply and demand. Spot market side, futures were weak, end-user purchasing enthusiasm was lukewarm, the spot-futures price spread widened somewhat, and some market arbitrageurs between spot and futures began to take profits...

[SMM Tin Midday Review: Unclear Market Direction During Negotiation Window as Spot Cargo Maintained Rigid Demand Amid Consolidation at Highs]