锡：震荡偏强

Group 1: Report's Investment Rating for the Industry - The investment rating for the tin industry is "shockingly strong" [1] Group 2: Core View of the Report - The trend strength of tin is 1, with the range of trend strength being integers in the [-2, 2] interval. -2 represents the most bearish view, and 2 represents the most bullish view [3] Group 3: Summary Based on the Directory Fundamental Tracking - Futures Data: The closing price of the main contract of Shanghai Tin yesterday was 429,570, with a daily increase of 5.03%, and the closing price of the night session was 447,140, with a night - session increase of 4.09%. The price of the LME Tin 3M electronic disk was 56,605, with a daily increase of 7.49%. The trading volume of the main contract of Shanghai Tin increased by 102,997 to 378,618, and the position increased by 33,940 to 56,254. The trading volume of the LME Tin 3M electronic disk increased by 361 to 890, and the position increased by 202 to 23,931 [2] - Inventory and Warehouse - Receipt Data: The inventory of Shanghai Tin was 8,582, a decrease of 34. The inventory of LME Tin was 7,195, and the cancellation warehouse - receipt ratio was 6.57%, a decrease of 0.38% [2] - Spot and Price - Difference Data: The SMM 1 tin ingot price was 420,300, an increase of 17,050. The average price of Yangtze River Non - ferrous 1 tin was 423,300, an increase of 20,000. The LME tin (spot/three - month) premium was - 245, a decrease of 56. The spread between the near - month contract and the consecutive - first contract was 233,310, an increase of 19,730. The spread between the spot and the main futures contract was 14,290, an increase of 29,410 [2] - Industrial Chain Price Data: The price of 40% tin concentrate (Yunnan) was 406,300, an increase of 17,050. The price of 60% tin concentrate (Guangxi) was 410,300, an increase of 17,050. The price of 63A solder bar was 277,750, an increase of 11,000. The price of 60A solder bar was 265,250, an increase of 10,000 [2] Macro and Industry News - Negotiations among delegations from Ukraine, the US, and Russia in Abu Dhabi, UAE have ended - Huang Renxun, the founder of NVIDIA, visited China again, with his first stop being NVIDIA's new office in Shanghai - OpenAI's API business increased its annual recurring revenue by $1 billion last month - The central bank governor stated to promote the internationalization of the RMB in an orderly manner [4]