1. Report Industry Investment Rating - No information provided in the document. 2. Core View of the Report - No information provided in the document. 3. Summary by Relevant Catalog 3.1 General Information - The report is the Maike Futures Basis Statistics Table dated March 27, 2026, at 9:00 [2]. - The settlement price is used for non - ferrous metal futures, and the closing price is used for other futures. The basis rate is the main contract basis rate, calculated as (spot price - main contract price) / main contract price. The historical maximum and minimum values of the basis rate are calculated based on samples from January 1, 2015, to the present. Data sources include iFinD, Wind, and Steel Union Data. Quotes marked with * are weekly updated data, and quotes marked with ** have differences between the spot and the benchmark delivery product [3]. 3.2 Futures Data - **Non - ferrous Metals**: - Copper (CU): The main contract basis rate is - 0.27%, with a decrease of - 0.69% compared to the previous day. The current - month basis is - 135, and the next - month basis is - 255. The spot price is 95325 [3]. - Aluminum (AL): The main contract basis rate is - 1.01%, with a decrease of - 0.63% compared to the previous day. The current - month basis is - 175, and the next - month basis is - 240. The spot price is 23510 [3]. - Zinc (ZN): The main contract basis rate is - 0.63%, with a decrease of - 0.46% compared to the previous day. The current - month basis is - 110, and the next - month basis is - 145. The spot price is 22985 [3]. - Lead (PB): The main contract basis rate is - 1.03%, with an increase of 0.06% compared to the previous day. The current - month basis is - 155, and the next - month basis is - 170. The spot price is 16300 [3]. - Tin (SN): The main contract basis rate is 0.08%, with a decrease of - 1.44% compared to the previous day. The current - month basis is 270, and the next - month basis is - 180. The spot price is 352800 [3]. - Nickel (NI): The main contract basis rate is 1.72%, with a decrease of - 0.12% compared to the previous day. The current - month basis is 2360, and the next - month basis is 2790. The spot price is 139350 [3]. - Industrial Silicon (SI): The main contract basis rate is 5.38%, with a decrease of - 0.55% compared to the previous day. The current - month basis is 510, and the next - month basis is 470. The spot price is 9200 [3]. - **Precious Metals**: - Gold (AU): The main contract basis rate is - 0.62%, with a decrease of - 0.67% compared to the previous day. The current - month basis is - 3.19, and the next - month basis is - 6.21. The spot price is 995.98 [3]. - Silver (AG): The main contract basis rate is - 1.03%, with a decrease of - 1.09% compared to the previous day. The current - month basis is - 227, and the next - month basis is - 180. The spot price is 17292 [3]. - **Black Industry**: - Rebar (RB): The main contract basis rate is 2.30%, with a decrease of - 0.51% compared to the previous day. The current - month basis is 72, and the next - month basis is 42. The spot price is 3200 [3]. - Hot - rolled Coil (HC): The main contract basis rate is - 0.76%, with a decrease of - 0.24% compared to the previous day. The current - month basis is - 25, and the next - month basis is - 33. The spot price is 3280 [3]. - Iron Ore (I): The main contract basis rate is 1.62%, with a decrease of - 3.36 compared to the previous day. The current - month basis is 13.2, and the next - month basis is 42.7. The spot price is 830.2 [3]. - Coke: The main contract basis rate is - 7.16%, with an increase of 1.35% compared to the previous day. The current - month basis is - 126.0, and the next - month basis is - 211.0. The spot price is 1635 [3]. - Coking Coal: The main contract basis rate is 0.90%, with an increase of 1.42% compared to the previous day. The current - month basis is 17.5, and the next - month basis is - 121.0. The spot price is 1247.5 [3]. - Steam Coal (ZC): The main contract basis rate is - 5.29%, with an increase of 0.50% compared to the previous day. The current - month basis is - 42.4, and the next - month basis is - 42.4. The spot price is 759.0 [3]. - Ferrosilicon (SF): The main contract basis rate is - 4.71%, with an increase of 2.32% compared to the previous day. The current - month basis is - 282, and the next - month basis is - 382. The spot price is 5700 [3]. - Silicomanganese (SM): The main contract basis rate is - 4.41%, with an increase of 0.85% compared to the previous day. The current - month basis is - 284, and the next - month basis is - 342. The spot price is 6150 [3]. - Stainless Steel: The main contract basis rate is 0.42%, with an increase of 1.38% compared to the previous day. The current - month basis is 60, and the next - month basis is 90. The spot price is 14450 [3]. - **Agricultural Products**: - Soybeans: The main contract basis rate is - 4.91%, with a decrease of - 0.37% compared to the previous day. The current - month basis is - 227, and the next - month basis is - 271. The spot price is 4400 [3]. - Soybean Meal (M): The main contract basis rate is 8.06%, with a decrease of - 0.74% compared to the previous day. The current - month basis is 238, and the next - month basis is 160. The spot price is 3190 [3]. - Rapeseed Meal (RM): The main contract basis rate is 9.64%, with a decrease of - 0.23% compared to the previous day. The current - month basis is 226, and the next - month basis is 148. The spot price is 2570 [3]. - Soybean Oil (Y): The main contract basis rate is 3.75%, with an increase of 0.59% compared to the previous day. The current - month basis is 382, and the next - month basis is 324. The spot price is 8970 [3]. - Rapeseed Oil (OI): The main contract basis rate is 5.18%, with a decrease of - 0.20% compared to the previous day. The current - month basis is 510, and the next - month basis is 612. The spot price is 10350 [3]. - Peanuts (PK): The main contract basis rate is 8.99%, with a decrease of - 1.0% compared to the previous day. The current - month basis is 832, and the next - month basis is 570. The spot price is 9000 [3]. - Palm Oil: The main contract basis rate is 0.37%, with a decrease of - 0.05% compared to the previous day. The current - month basis is 36, and the next - month basis is 40. The spot price is 9610 [3]. - Corn Starch (CS): The main contract basis rate is 4.88%, with a decrease of - 0.08% compared to the previous day. The current - month basis is 135, and the next - month basis is 125. The spot price is 2900 [3]. - Corn (C): The main contract basis rate is 1.01%, with no change compared to the previous day. The current - month basis is 24, and the next - month basis is - 5. The spot price is 2400 [3]. - Apples (AP): The main contract basis rate is 14.54%, with a decrease of - 184 compared to the previous day. The current - month basis is - 39, and the next - month basis is - 1446. The spot price is 8500 [3]. - Eggs (JD): The main contract basis rate is - 2.73%, with a decrease of - 312 compared to the previous day. The current - month basis is - 617, and the next - month basis is - 519. The spot price is 3200 [3]. - Hogs (LH): The main contract basis rate is - 3.41%, with a decrease of - 0.10% compared to the previous day. The current - month basis is - 335, and the next - month basis is - 3040. The spot price is 9500 [3]. - Cotton (CF): The main contract basis rate is 8.59%, with an increase of 1200 compared to the previous day. The current - month basis is 15420, and the next - month basis is 15900. The spot price is 16745 [3]. - Sugar (SR): The main contract basis rate is 0.31%, with a decrease of - 0.63% compared to the previous day. The current - month basis is 17, and the next - month basis is - 5. The spot price is 5480 [3]. - **Energy and Chemicals**: - Methanol (MA): The main contract basis rate is 2.12%, with an increase of 1.20% compared to the previous day. The current - month basis is 313, and the next - month basis is 408. The spot price is 3270 [3]. - Ethanol (EG): The main contract basis rate is - 1.05%, with an increase of 0.16% compared to the previous day. The current - month basis is 2028, and the next - month basis is 159. The spot price is 5005 [3]. - PTA (TA): The main contract basis rate is - 1.45%, with a decrease of - 0.05% compared to the previous day. The current - month basis is - 8, and the next - month basis is 2. The spot price is 6680 [3]. - Polypropylene: The main contract basis rate is 3.07%, with a decrease of - 0.55% compared to the previous day. The current - month basis is 280, and the next - month basis is 996. The spot price is 9400 [3]. - Styrene (EB): The main contract basis rate is 1.53%, with an increase of 2.57% compared to the previous day. The current - month basis is 154, and the next - month basis is 1150. The spot price is 10200 [3]. - Short - staple Fiber: The main contract basis rate is - 1.33%, with a decrease of - 1.21% compared to the previous day. The current - month basis is - 132, and the next - month basis is - 82. The spot price is 8150 [3]. - Plastic: The main contract basis rate is 1.52%, with an increase of 1.92% compared to the previous day. The current - month basis is 133, and the next - month basis is 268. The spot price is 8900 [3]. - PVC: The main contract basis rate is - 2.30%, with a decrease of - 0.85% compared to the previous day. The current - month basis is - 130, and the next - month basis is - 246. The spot price is 5520 [3]. - Rubber (RU): The main contract basis rate is - 0.97%, with a decrease of - 0.18% compared to the previous day. The current - month basis is - 205, and the next - month basis is - 160. The spot price is 16300 [3]. - 20 - number Rubber (NR): The main contract basis rate is 1.72%, with a decrease of - 0.21% compared to the previous day. The current - month basis is 235, and the next - month basis is - 30. The spot price is 13870 [3]. - Soda Ash (SA): The main contract basis rate is - 1.63%, with a decrease of - 0.02% compared to the previous day. The current - month basis is - 20, and the next - month basis is - 103. The spot price is 1361 [3]. - Urea (UR): The main contract basis rate is - 0.80%, with a decrease of - 0.64% compared to the previous day. The current - month basis is - 15, and the next - month basis is - 79. The spot price is 1860 [3]. - Bottle Chips (PR): The main contract basis rate is 3.84%, with an increase of 1.47% compared to the previous day. The current - month basis is 8104, and the next - month basis is 469. The spot price is 8415 [3]. - Pulp (SP): The main contract basis rate is 1.58%, with an increase of 1.32% compared to the previous day. The current - month basis is 82, and the next - month basis is - 5. The spot price is 5238 [3]. - Crude Oil (SC): The main contract basis rate is - 2.93%, with an increase of 3.77% compared to the previous day. The current - month basis is - 21.5, and the next - month basis is 28.3. The spot price is 711.6 [3]. - Fuel Oil (FU): The main contract basis rate is 9.95%, with an increase of 0.51% compared to the previous day. The current - month basis is 437, and the next - month basis is 821. The spot price is 4830 [3]. - Asphalt (BU): The main contract basis rate is - 4.69%, with a decrease of - 1.74% compared to the previous day. The current - month basis is - 213, and the next - month basis is 60. The spot price is 4330 [3]. - Low - sulfur Fuel Oil (LU): The main contract basis rate is 9.72%, with a decrease of - 6.1% compared to the previous day. The current - month basis is 492, and the next - month basis is 929. The spot price is 5558 [3]. - LPG (PG): The main contract basis rate is 10.04%, with an increase of 0.15% compared to the previous day. The current - month basis is 1590, and the next - month basis is 657. The spot price is 7198 [3]. - **Stock Index Futures**: - CSI 300 (IF): The main contract basis rate is 1.85%, with a decrease of - 0.11% compared to the previous day. The current - month basis is 24.3, and the next - month basis is 41.7. The spot price is 4477.5 [3]. - SSE 50 (IH): The main contract basis rate is 0.71%, with a decrease of - 0.34

Report Summary 1. Report Industry Investment Rating - No investment rating was provided in the report [1] 2. Core View - The report monitors the fundamentals of tin, including price, trading volume, inventory, and industry chain prices, and also mentions some macro - and industry - related news, but does not present a clear core view [1][3] 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - **Futures and Spot Data**: - **Prices**: The closing price of the Shanghai Tin main contract was 352,430 with a daily increase of 1.91%, and the night - session closing price was 354,680 with a night - session increase of 0.69%. The price of the LME Tin 3M electronic disk was 44,820 with a daily increase of 2.35% [1] - **Trading Volume and Position**: The trading volume of the Shanghai Tin main contract was 215,643, a decrease of 33,699 from the previous day, and the position was 18,892, a decrease of 2,195. The trading volume of the LME Tin 3M electronic disk was 526, an increase of 82, and the position was 21,704, an increase of 161 [1] - **Inventory**: The inventory of Shanghai Tin was 8,144, a decrease of 408, and the inventory of LME Tin was 8,780, a decrease of 25. The cancellation warrant ratio of LME Tin was 6.57%, a decrease of 0.38% [1] - **Spot Prices and Spreads**: The SMM 1 tin ingot price was 357,600, an increase of 13,900 from the previous day. The Yangtze River Non - Ferrous 1 tin average price was 357,600, an increase of 14,200. The LME Tin (spot/three - month) spread was - 245, an increase of 21. The spread between the near - month contract and the consecutive - first contract was 157,000, an increase of 6,830. The spread between the spot and the futures main contract was 5,170, an increase of 9,740 [1] - **Industry Chain Prices**: The price of 40% tin concentrate (Yunnan) was 341,600, an increase of 13,900. The price of 60% tin concentrate (Guangxi) was 345,600, an increase of 13,900. The price of 63A solder bar was 237,750, an increase of 8,500, and the price of 60A solder bar was 227,750, an increase of 8,500 [1] 3.2 Trend Intensity - The trend intensity of tin is 0, indicating a neutral view. The trend intensity ranges from - 2 (most bearish) to 2 (most bullish) [2] 3.3 Macro and Industry News - Google released KV cache compression technology, causing the US stock storage sector to decline collectively - Iran rejected the US cease - fire plan, stating that it would not allow Trump to decide the cease - fire time - Due to the blockage of the Strait of Hormuz, Saudi Arabia "seeks survival by changing routes", and the exports from the Red Sea port of Yanbu are approaching the target of 5 million barrels - Trump is forming a technology committee, and 13 industry leaders such as Zuckerberg, Huang Renxun, and Ellison may be nominated [3]

Group 1 - International copper futures rose by 0.31% in the night session, while Shanghai copper increased by 0.45% [1] - Shanghai aluminum saw a slight increase of 0.11%, whereas Shanghai zinc and lead experienced declines of 0.53% and 0.12% respectively [1] - Shanghai nickel decreased by 0.51%, but Shanghai tin had a significant rise of 5.65% [1] Group 2 - Alumina futures fell by 0.40%, while aluminum alloy prices increased by 0.31% [1] - Stainless steel futures rose by 0.28% in the night session [1]

Group 1 - LME metal futures experienced a general decline, with copper, aluminum, zinc, lead, and nickel all reporting losses, while tin showed resilience with a five-day consecutive increase [1] - As of the close, London copper was priced at $13,259, down $90.5, a decrease of 0.68%; London aluminum was at $3,141.5, down $33, a decrease of 1.04%; London zinc was at $3,366.5, down $20.5, a decrease of 0.61%; London lead was at $1,979, down $16.5, a decrease of 0.83%; London tin was at $54,385, up $470, an increase of 0.87%; London nickel was at $17,730, down $315, a decrease of 1.75% [1]

Report Industry Investment Rating No relevant information provided. Core Viewpoints Industrial Silicon - Supply side: Last week, the industrial silicon supply was 68,000 tons, a decrease of 4.22% week-on-week. The supply schedule is decreasing and remains at a low level. - Demand side: Last week, the demand was 67,000 tons, an increase of 11.67% week-on-week, showing an upward trend. - Cost side: The production cost of sample oxygenated 553 in Xinjiang is 9,769.7 yuan/ton, with no change week-on-week, and the cost support has increased during the dry season. - Expectation: Industrial silicon 2605 is expected to fluctuate in the range of 8,340 - 8,520 yuan/ton [6]. Polysilicon - Supply side: Last week, the polysilicon output was 20,100 tons, remaining unchanged week-on-week. The production schedule for February is predicted to be 79,700 tons, a decrease of 20.93% compared to the previous month. - Demand side: The production of silicon wafers, battery cells, and components is decreasing, and the overall demand is in a continuous decline. - Cost side: The average cost of N-type polysilicon materials in the industry is 40,830 yuan/ton, and the production profit is 10,920 yuan/ton. - Expectation: Polysilicon 2605 is expected to fluctuate in the range of 46,610 - 48,650 yuan/ton [10]. Overall - Positive factors: Rising costs provide support, and manufacturers have plans to reduce production. - Negative factors: Slow recovery of post - holiday demand; strong supply and weak demand in the downstream polysilicon market. - Main logic: Capacity elimination, cost support, and demand growth [14][15]. Summary by Directory 1. Daily Views Industrial Silicon - Supply: Decreased last week, with a continuous low - level production schedule. - Demand: Increased last week, showing signs of recovery. - Cost: Cost support has increased during the dry season. - Market indicators: Spot price is higher than futures price; social inventory has decreased, while major port inventory has increased; MA20 is downward, and the main contract position is net short [6]. Polysilicon - Supply: Production schedule is decreasing. - Demand: Overall demand is in a continuous decline. - Cost: Cost support is stable. - Market indicators: Spot price is higher than futures price; weekly inventory is at a high level; MA20 is downward, and the main contract position is net long [12][10]. 2. Fundamental/Position Data Industrial Silicon - Supply: Last week's supply was 68,000 tons, a 4.22% week - on - week decrease. - Demand: Last week's demand was 67,000 tons, an 11.67% week - on - week increase. - Cost: The production cost of sample oxygenated 553 in Xinjiang is 9,769.7 yuan/ton, with no week - on - week change. - Inventory: Social inventory is 557,000 tons, a 0.88% week - on - week decrease; sample enterprise inventory is 200,800 tons, a 2.52% week - on - week decrease; major port inventory is 139,000 tons, a 2.21% week - on - week increase [6]. Polysilicon - Supply: Last week's output was 20,100 tons, remaining unchanged week - on - week. The February production schedule is predicted to be 79,700 tons, a 20.93% decrease compared to the previous month. - Demand: The production of silicon wafers, battery cells, and components is decreasing. - Cost: The average cost of N - type polysilicon materials in the industry is 40,830 yuan/ton, and the production profit is 10,920 yuan/ton. - Inventory: Weekly inventory is 349,000 tons, a 2.34% week - on - week increase, at a high level in the same period of history [8][9][12]. Other Data Industrial Silicon - **Price and Basis**: The closing prices of different contracts show different fluctuations; the basis of the 05 contract is 770 yuan/ton, with the spot price higher than the futures price [18]. - **Inventory**: The inventory of different regions and ports shows different trends, with some increasing and some decreasing [18]. - **Output and Capacity Utilization**: The weekly output of sample enterprises has decreased, and the capacity utilization rate of different regions has also changed [18]. - **Cost**: The production costs of different regions and specifications have different degrees of change [18]. - **Supply - Demand Balance**: The weekly and monthly supply - demand balance sheets show the relationship between production, import, export, and consumption [46][49]. Polysilicon - **Price and Basis**: The closing prices of different contracts show different fluctuations; the basis of the 05 contract is 5,370 yuan/ton, with the spot price higher than the futures price [20]. - **Inventory**: The total inventory has increased, and the inventory of components in different regions shows different trends [20]. - **Output and Capacity Utilization**: The monthly output and capacity utilization rate show different trends [20]. - **Cost and Profit**: The cost and profit of different production links show different situations [20]. - **Supply - Demand Balance**: The monthly supply - demand balance sheet shows the relationship between supply, import, export, and consumption [73].

Group 1 - The core viewpoint of the article indicates that the recent significant rise in the Shanghai tin futures contract, exceeding 7% in a single day, is primarily driven by long-term narratives rather than a substantial improvement in the current spot market fundamentals [3][10] - A breakthrough by a team from Peking University's School of Electronics in the field of ferroelectric transistors has led to the creation of the smallest and lowest power-consuming devices to date, providing critical technical support for overcoming the "memory wall" bottleneck in AI chips. This development injects new imagination into the long-term demand for tin as a "computing metal" [3][10] - As corporate financial reports for 2025 begin to be released, previous market concerns regarding an "AI bubble" have eased, and ongoing breakthroughs in the technology sector are supporting consumption expectations for tin in semiconductor solder and advanced packaging, providing emotional support for tin prices [3][10] Group 2 - From the spot market perspective, the current market is still in the early stages of post-holiday recovery, with a lack of trading activity persisting. Most downstream solder enterprises plan to resume operations between the 26th and 28th, with some delaying until after the Lantern Festival on March 3 [4][11] - Due to high tin prices before the holiday, downstream enterprises have a cautious outlook on post-holiday orders, leading to limited willingness to actively replenish inventory. This weak supply-demand situation suggests that the recent price increase is more of a technical correction rather than driven by strong recovery in spot demand [4][11] - A true market recovery is expected to occur only after downstream enterprises fully resume production, likely not until after the Lantern Festival, when spot market activity is anticipated to gradually recover [4][11] - Currently, downstream enterprises are advised to actively engage in buying hedging operations, especially with tin prices above 400,000 yuan per ton, which may require hedging for at least two weeks of usage [4][11]

Group 1 - The domestic metal futures market saw most contracts closing higher during the night session, indicating a positive trend in the sector [1] - Tin futures on the Shanghai exchange rose by 2.02%, while nickel increased by 1.65% and stainless steel by 1.03%, reflecting strong demand and market confidence [1] - International copper prices increased by 0.32%, and Shanghai copper rose by 0.25%, suggesting a stable outlook for copper-related investments [1] Group 2 - Lead futures on the Shanghai exchange experienced a slight increase of 0.12%, indicating a relatively stable market condition [1] - In contrast, aluminum oxide fell by 0.39%, aluminum alloy decreased by 0.42%, and Shanghai aluminum dropped by 0.55%, signaling potential challenges in these segments [1] - Zinc futures on the Shanghai exchange declined by 0.67%, which may reflect oversupply or weakening demand in the market [1]

Report Industry Investment Rating - Not provided Core Viewpoints of the Report - Due to the repeated Iran nuclear negotiations and the risk of war, along with the US Supreme Court's ruling on Trump's tariffs and the re - imposition of 15% general tariffs, market panic has risen. Gold and silver have soared, driving all non - ferrous metals, including copper, to strengthen. Copper prices are oscillating with an upward bias in the short - term, and may continue to oscillate at a high level in the medium - term [3][4] - Although the post - holiday spot market sentiment has warmed up, there are uncertainties in the Fed's policy after the confirmation of the successor chairman, and the uncertainty of AI demand is high, so the upward momentum of copper prices is limited [4] Summary by Related Contents Market Influencing Factors - Geopolitical factors such as the repeated Iran nuclear negotiations and war risks, along with trade policies like Trump's re - imposition of 15% general tariffs, have increased market panic, driving up gold, silver, and non - ferrous metals [3] Price and Premium - Today, LME copper is trading around $13,100, and SHFE copper closed at 101,510. The spot copper price in China has increased. The spot is at a premium of 460 points over the futures, and the spot basis is at a premium of 250 points [3][4] - The LME spot discount has widened to -$84, indicating insufficient external spot demand. The Yangshan copper premium has dropped to $33, suggesting poor domestic spot demand around the Spring Festival [3] - The LME - SHFE copper ratio has risen to 7.83, and the premium of international copper over SHFE copper has significantly dropped to 247 points, with the external ratio slightly higher than the internal one [3] Inventory - This week, the US copper inventory has continued to rise to a new high, the LME copper inventory has risen significantly, and the SHFE copper inventory has also increased, indicating poor pre - holiday spot demand [3] Market Sentiment and Trading - SHFE copper trading volume has decreased while positions have increased significantly. The post - holiday market sentiment is optimistic. The domestic spot demand has improved, but the LME copper spot demand is poor, and the US copper buying has declined [4]

Market Performance - COMEX gold futures rose by 2.17% to $5050.50 per ounce, while COMEX silver futures increased by 1.98% to $77.180 per ounce [2] - The U.S. stock market showed mixed results, with the Dow Jones up 0.10%, the Nasdaq down 0.22%, and the S&P 500 up 0.05%. Notably, major tech stocks like Apple and Nvidia fell over 2% [3] Domestic Metal Market - The domestic metal market experienced a general decline before the Spring Festival, with significant drops in prices for tin and silver. Specifically, Shanghai gold futures fell by 1.61% to 1110.10 yuan per gram, and Shanghai silver futures dropped by 5.52% to 19782 yuan per kilogram [4][6] - The decline in gold and silver prices is attributed to weakened market sentiment and risk appetite, exacerbated by a significant drop in U.S. stocks [6] Employment Data Impact - The U.S. non-farm payroll data for January showed an increase of 130,000 jobs, significantly exceeding the market expectation of 70,000. This data alleviated concerns about a deteriorating job market and reduced the perceived necessity for the Federal Reserve to lower interest rates in the short term [7] - However, the total projected job growth for 2025 was revised down by 898,000, indicating that one month's data may not be sufficient to determine a trend reversal in the job market [7] Gold and Silver Market Outlook - Analysts suggest that the gold and silver markets are currently in a "rebalancing" phase, with prices expected to remain volatile in the short term. However, long-term factors such as high global debt and geopolitical tensions are likely to support upward price movements for gold and silver [8] - The upcoming U.S. PCE and GDP data during the holiday period are anticipated to significantly influence market pricing for U.S. economic conditions and inflation [8]

Core Viewpoint - The Shanghai Futures Exchange's base metal futures closed mostly lower during the night session on February 14, with significant declines in several metals [1] Group 1: Price Movements - Shanghai tin fell by 7.05% [1] - Shanghai nickel decreased by 3.66% [1] - Shanghai copper dropped by 2.24% [1] - Shanghai aluminum declined by 1.76% [1] - Shanghai zinc fell by 1.61% [1] - Stainless steel decreased by 1.53% [1] - Shanghai lead dropped by 0.33% [1] - Aluminum oxide increased by 0.60% [1]