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  Approaching delivery, the contango structure widened, and sentiment for Shanghai spot copper transactions improved. [SMM Shanghai Spot Copper]

  [SMM Shanghai Spot Copper] Next week, spot traders' offers for the next month are expected to remain firm near parity amid the C structure.

• Silver Prices Fluctuated and Consolidated, Tight Supply of Spot Cargo in the Spot Market Maintained Premium Transactions [SMM Daily Review]

• Secondary Lead: Downstream Enterprises Exhibit Strong Wait-and-See Sentiment, But Inquiries Improve Compared to Yesterday [SMM Lead Midday Review]

• [SMM Nickel Midday Review] Nickel prices fell sharply on November 14, as concerns over the US Fed's hawkish stance triggered cautious market sentiment.

• SHFE tin contracts fluctuated downward, while downstream enterprises maintained a wait-and-see attitude. [SMM Tin Midday Review]

  [SMM Tin Midday Review: SHFE Tin Contracts Fluctuate Downward, Downstream Enterprises Remain Cautious] At midday on November 14, 2025, the most-traded SHFE tin contract closed at 291,920 yuan/mt, down 1.61% from the previous day. This morning, SHFE tin contracts fluctuated downward, with prices failing to hold after yesterday's sharp rise and continuing to decline from the highs. The London Metal Exchange (LME) tin contract recently showed relative weakness, with LME tin temporarily quoted at $36,855/mt, down 0.57%.