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  Secondary Lead: Downstream Enterprises Showed Low Enthusiasm for Purchasing Recycled Materials Today, Refined Lead Faced Transaction Pressure [SMM Lead Midday Review]

• 2026 DENZA N9 hits market with new color scheme, advanced tech

  On the evening of September 17, BYD's premium sub-brand DENZA officially put the 2026 DENZA N9 model onto the market, offering three trim levels priced between 389,800 yuan and 449,800 yuan.

• China's Home Appliance Production and Exports

• [SMM Nickel Midday Review] Nickel prices dropped slightly on September 18, as the US Fed announced an interest rate cut of 25 basis points.

• LME Tin Prices Fluctuate Lower as Hawkish Macro Expectations and Weak Supply-Demand Dynamics Dominate the Market [SMM Tin Midday Review]

  [SMM Tin Midday Review: LME Tin Prices Fluctuate Lower, Hawkish Macro Expectations and Weak Supply-Demand Dynamics Dominate Market] Short term, SHFE tin prices face dual pressure from macro sentiment and weak fundamentals. If the US dollar index continues to strengthen and downstream restocking demand shows no improvement, prices may further test the support level of 268,000 yuan/mt. For LME tin, monitor the effectiveness of the $34,000 threshold; production resumptions in Myanmar and the recovery pace of the semiconductor industry will be key variables for directional choices ahead.