Group 1 - In July, China's tin ingot imports reached 2,167 tons, representing a month-on-month increase of 21.33% and a year-on-year increase of 157.98%. The cumulative import volume from January to July was 13,461 tons, with a year-on-year increase of 62.34% [2] - The primary reason for the increase in imports is the sale of stocks by Minsur in Peru, which accounted for 58% (1,251 tons) of the total imports. Additionally, orders locked in during the brief arbitrage window in May and June were concentrated in July [2] - In July, China's tin ingot exports totaled 1,673 tons, reflecting a month-on-month decrease of 15.2% and a year-on-year decrease of 3.7%. There is a notable regional divergence in exports, with reductions to India, the Netherlands, and Taiwan, while new exports to Japan, Vietnam, and the UAE indicate a trend of shifting Southeast Asian electronic supply chains [2]