China's front-month Shanghai tin futures fell 2.00% intraday to 408,430 yuan/ton.

Chen Guo, deputy director and chief strategist at Eastmoney Securities, says conditions for a Q3 rebalancing in China’s stock market are in place as leadership shifts from single to multiple drivers. Previously oversold assets—notably some high-quality blue chips hit in mid-to-late June panic selling—could recover first. Recommended sector exposure: non-bank financials, innovative drugs, internet, consumer staples, gaming, coal and lithium batteries. Thematic focuses: commercial space and robotics. Medium-term preference remains domestic AI-chain real‑tech leaders.

Zhongji Xuchuang said on July 12 that industry demand for 1.6T in 2027 remains strong and within its previously expected quantity range, and that customer count has increased. 800G demand is rising more sharply than earlier expected. The company has not observed an overall drop in customer demand; 1.6T volumes for next year are broadly unchanged versus prior forecasts but have shifted structurally — some customers reduced orders while new cloud and AI large‑model customers increased 1.6T demand.