Metal14m
China's Monthly Bauxite Import Data for August 2024
According to the General Administration of Customs of China, China imported 15.546 million mt of bauxite in August 2024, up 3.64% MoM and up 34.23% YoY. By country, imports from Guinea were 11.0036 ...
Metal38m
With Normal Stainless Steel Shipments During the Holiday And Fewer Sales Days, Overall Inventory Increased by 1.12% [SMM Analysis]
As of September 19, SMM social inventory of stainless steel was 971,400 mt, up 1.12% WoW.
Metal14m
August 2024 Unwrought Aluminum Alloy Imports and Exports
In August 2024, the export volume of unwrought aluminum alloy was 22,700 mt, down 9.8% YoY and up 25.8% MoM. From January to August, the cumulative export volume was 157,400 mt, down 3.2% YoY.
Metal16m
Rare Earth Prices Slightly Increased, Trading Atmosphere Remained Lukewarm [SMM Daily Review]
On September 19, Pr-Nd prices slightly increased, with overall price fluctuations in the rare earth market remaining minimal.
Metal46m
Macro Sentiment Improved, LME Zinc Fluctuated at Highs [SMM Zinc Morning Comment]
Overnight, LME zinc opened at $2,880/mt. At the beginning of the session, short positions increased, pushing LME zinc down to $2,848/mt. Subsequently, long positions entered at the lows, driving LME ...
Metal1h
SHFE tin prices remained rangebound at high levels during the night session, the spot market saw sluggish transactions [SMM Tin Morning Comment]
In the night session yesterday, the most-traded SHFE tin contract closed at 259,080 yuan/mt, up 2,930 yuan/mt, an increase of 1.14%. The highest price was 260,280 yuan/mt, and the lowest was 257,900 ...
Metal1h
Favourable macro front and solid fundamentals supported aluminum prices to fluctuate upward [SMM Aluminum Morning Comment]
The most-traded SHFE aluminum 2411 contract opened at 20,105 yuan/mt overnight, reaching a high of 20,135 yuan/mt and a low of 20,040 yuan/mt, and closed at 20,080 yuan/mt, up 120 yuan/mt or 0.6%.
Metal1h
US Dollar Decline Boosted Copper Prices, Domestic Copper Cathode Continued Destocking [SMM Copper Morning Comment]
LME copper opened at $9,543.5/mt overnight. After a slight initial fluctuation, it peaked at $9,572.5/mt and then declined to a low of $9,477/mt. It later rebounded slightly and closed at $9,539/mt, ...
Metal1h
SMM Morning Comment For SHFE Base Metals On September 20
The most-traded SHFE aluminum 2411 contract opened at 20,105 yuan/mt overnight, reaching a high of 20,135 yuan/mt and a low of 20,040 yuan/mt, and closed at 20,080 yuan/mt, up 120 yuan/mt or 0.6%.
Metal1h
SMM Nickel Market Morning Comment (Sep 20)
On September 19, Jinchuan nickel was quoted at a premium of 1,800-2,000 yuan/mt, with an average of 1,900 yuan/mt, up 50 yuan/mt compared to the previous trading day.
Metal12h
NIO’s ONVO brand puts L60 SUV onto market, starting at 206,900 yuan
Beijing (Gasgoo)- On September 19, NIO's sub-brand ONVO officially put its first mass-produced model, the ONVO L60, onto the market with a starting price of 206,900 yuan. Deliveries of the ONVO L60 ...
Metal21h
Lead Ingot Social Inventory Surged to One-Month High Due to Futures Delivery and Downstream Holidays [SMM Survey]
According to SMM survey, as of September 19, the total social inventory of lead ingots in five regions reached 59,200 mt, an increase of 20,500 mt compared to September 9, and an increase of 8,700 mt ...