Metal1h
SMM 2024-2028 global copper concentrates supply-demand balance results are released! [SMM Analysis]
On the demand side, global copper primary smelting capacity is rapidly increasing, with China being a significant driver of ...
Metal1h
In September, copper anode imports slightly declined, with the total volume in 2024 at a five-year low [SMM Analysis]
According to data from the General Administration of Customs, China imported 74,600 mt of copper anode in September 2024, down 1.68% MoM, up 2.88% YoY. From January to September 2024, cumulative ...
Metal2h
Short-term Lead Trading Anchor: Supply and Consumption Stalemate, Lead Prices May Continue to Consolidate [SMM Lead Morning Comment]
Overnight, LME lead opened at $2,080/mt. The US dollar index continued to rise, suppressing non-ferrous metals. LME lead moved downwards after a higher opening, especially during the European session, ...
Metal1h
Energy consumption control document issued? US cancels anti-dumping? Interpretation of PV news on the 23rd [SMM Analysis]
Firstly, regarding the news about issuing energy consumption control measures, SMM learned that there are indeed similar statements, with the initial source of the news being the seminar on preventing ...
Metal2h
The Bank of Canada Cuts Interest Rates Again, Spot Market Actively Sells Off [SMM Aluminum Morning Comment]
The most-traded SHFE 2306 aluminium contract opened at 18,125 yuan/mt overnight, with its low and high at 18,030 yuan/mt and 18,160 yuan/mt before closing at 18,115 yuan/mt, down 30 yuan/mt or 0.17%.
Metal2h
Market Supply and Demand Both Weak, Copper Prices Expected to Fluctuate Downward [SMM Copper Morning Comment]
LME copper opened overnight at $9,524/mt, initially declined to a low of $9,460.5/mt, then rebounded to a high of $9,544/mt during the session, and finally fluctuated widely to close at $9,503/mt, ...
Metal2h
SHFE/LME price ratio declined significantly, and LME zinc's focus shifted upward [SMM Zinc Morning Comment]
The most-traded SHFE 2306 aluminium contract opened at 18,125 yuan/mt overnight, with its low and high at 18,030 yuan/mt and 18,160 yuan/mt before closing at 18,115 yuan/mt, down 30 yuan/mt or 0.17%.
Metal2h
SHFE tin prices remained stable during the night session; spot market transactions were sluggish [SMM Tin Morning Comment]
Yesterday, the most-traded SHFE tin contract closed at 253,690 yuan/mt, up 330 yuan/mt, an increase of 0.13%, with a high of 255,280 yuan/mt and a low of 252,700 yuan/mt.
Metal2h
SMM Nickel Market Morning Comment (Oct 24)
SHANGHAI, May 25 (SMM) – The most-traded DCE 2309 iron ore contract closed down 2.23% at 681 yuan/mt today. The most-traded ...
Metal2h
SMM Morning Comment For SHFE Base Metals On October 24
The most-traded SHFE copper 2412 contract opened overnight at 76,230 yuan/mt, initially dipped to 76,100 yuan/mt, then fluctuated upward to a high of 76,590 yuan/mt, and finally closed at 76,500 ...
Metal18h
LMFP Market Remains Stable in September, Average Price and Production Down MoM[SMM Analysis]
[SMM Analysis: LMFP Market Stable in September, Average Price and Production Down MoM] In September, LMFP prices fluctuated ...
Metal16h
Geely's Farizon, Galaxy Capital Management form industrial FOF to propel methanol-hydrogen electric vehicle ecosystem
Shanghai (Gasgoo)- Geely's Farizon New Energy Commercial Vehicle Group ("Farizon") and Galaxy Capital Management Co., Ltd. recently signed a cooperation agreement to establish the first industrial FOF ...