锡：假期间价格走弱

Group 1: Report Overview - The report is dated May 7, 2025, and focuses on the tin market, indicating that tin prices weakened during the holiday [1] Group 2: Fundamental Data Futures and Electronic Disk - The closing price of the Shanghai Tin main contract was 260,970 with a daily increase of 0.26%, and the night - session closing price was 262,210 with a night - session increase of 0.73%. The trading volume was 67,627, a decrease of 27,339 from the previous day, and the open interest was 29,144, a decrease of 1,454 [2] - The price of the LME Tin 3M electronic disk was 31,995 with a daily increase of 3.61%. The trading volume was 180, a decrease of 9 from the previous day, and the open interest was 13,988, an increase of 53 [2] Inventory and Warehouse Receipts - The LME tin inventory was 2,655, unchanged from the previous day, and the cancelled warrant ratio was 6.57%, a decrease of 0.38% [2] Spot and Price Spreads - The SMM 1 tin ingot price was 263,000, an increase of 2,000 from the previous day; the Yangtze River Non - ferrous 1 tin average price was 259,400, a decrease of 1,700 [2] - The LME tin (spot/three - month) spread was - 175, an increase of 54 from the previous day. The spot - to - futures main contract spread was - 900, a decrease of 440 [2] Industrial Chain Prices - The price of 40% tin concentrate in Yunnan was 250,500, an increase of 2,000 from the previous day; the price of 60% tin concentrate in Guangxi was 254,500, an increase of 2,000 [2] - The price of 63A solder bar was 178,250, an increase of 1,000 from the previous day, and the price of 60A solder bar was 171,250, an increase of 1,500 [2] Group 3: Macro and Industry News - He Lifeng will visit Switzerland and France, and there will be China - US economic and trade high - level talks and the 10th China - France high - level economic and financial dialogue. The Ministry of Commerce spokesperson answered questions about China - US economic and trade high - level talks [3] - On Wednesday morning, the People's Bank of China, the China Securities Regulatory Commission, etc. introduced the "package of financial policies to support market stability and expectations" [3] - India launched a missile at Pakistan, and Pakistan claimed to have shot down two Indian fighter jets [3] - The EU plans to expand countermeasures. If the negotiation fails, it will impose tariffs on 100 billion euros of US goods [3] - Leaders of the US and Canada met. Carney said Canada would never sell, while Trump said "never say never" [3] - The US trade deficit in March widened to 140.5 billion dollars, a record high [3] - Tesla faced setbacks in Europe in April, with double - digit declines in six major markets, hitting a two - year low in the UK and nearly halving in Germany [4] - NVIDIA CEO said the Chinese AI market will reach 50 billion dollars [5] Group 4: Trend Intensity - The tin trend intensity is - 1, indicating a weak bearish view. The range of trend intensity is an integer within the [- 2,2] interval, where - 2 is the most bearish and 2 is the most bullish [6]