News

Shanghai Metals Market13h
Rising alumina prices drive up aluminum cost; currently, south-west China implements rainy season electricity prices [SMM Analysis]
According to SMM data, the average tax-inclusive full cost of China's aluminum industry in June 2025 was 16,545 yuan/mt, up 1 ...
Shanghai Metals Market16h
Valin: Downstream demand has been stable and orders sufficient since Q2. Operating performance improved slightly on a QoQ basis from Q1 in April-May.
According to Valin's Q1 2025 report, in the first quarter of this year, the company achieved a total operating revenue of ...
Shanghai Metals Market12h
Tangshan's environmental protection-driven production restrictions cause interference; iron ore prices are in the doldrums [SMM Brief Comment]
Recently, there have been frequent reports of production cuts on the demand side. Today, the market has heard news that Tangshan will implement environmental protection-driven production restrictions ...
Shanghai Metals Market11h
Prices remain stagnant, and the market is waiting for new momentum [SMM magnesium ingot spot cargo bulletin]
SMM reported on July 1 that today's magnesium ingot quotes in the Fugu area ranged from 16,150 to 16,250 yuan/mt, remaining unchanged from the previous working day. The China FOB price was quoted at ...
Shanghai Metals Market11h
Refined cobalt became the "leader" in H1, followed by antimony and terbium oxide. Who will shine again in H2? [SMM Special Topic]
Editor's Note: Time flies, and as H1 2025 concludes, the metals market has witnessed volatile performance. To help industry professionals and investors review and anticipate market trends, SMM ...
Shanghai Metals Market13h
The pattern of weak supply and demand continues. SHFE tin fluctuates, waiting for non-farm payrolls guidance. [SMM tin futures brief comment]
​​Weakness in traditional sectors​​: Demand for tinplate related to real estate remains sluggish, with downstream restocking mainly driven by "small orders for immediate needs," and high prices ...
Shanghai Metals Market10h
Aluminum ingot inventory sees a slight buildup, with short-term aluminum prices in the doldrums [SMM aluminum futures brief comment]
Today, the most-traded SHFE aluminum 2508 contract opened at 20,565 yuan/mt, with a high of 20,640 yuan/mt, a low of 20,525 yuan/mt, and closed at 20,635 yuan/mt, up 0.22%. Trading volume reached ...
Shanghai Metals Market10h
Copper prices soar, secondary copper rod enterprises suspend purchasing secondary copper raw material [SMM Secondary Copper Daily Review]
Check SMM copper quotes, data, and market analysis 》Subscribe to view historical price trends of SMM metal spot cargo. SMM July 1. At 11:30 today, the futures closing price w ...
Shanghai Metals Market12h
US dollar index remains at a low level, while BC copper rises strongly [SMM BC copper commentary]
The SHFE copper 2508 contract closed at 80,640 yuan/mt. If we consider the most-traded BC copper 2508 contract closing at 71,850 yuan/mt, its after-tax price would be approximately 81,191 yuan/mt. The ...
Shanghai Metals Market11h
EVE Energy to invest up to 8.654 billion yuan in building new energy storage battery plant in Malaysia
Shanghai (Gasgoo)- Chinese battery supplier EVE Energy announced on June 27 that its indirect wholly-owned subsidiary, EVE ENERGY STORAGE MALAYSIA SDN.BHD., will invest up to 8.654 billion yuan to ...
Shanghai Metals Market14h
Aluminum prices remain stable, while prices of baled UBC drop back slightly [Daily Review of Aluminum Scrap]
Today, the centralized quoted price for baled UBC aluminum scrap ranges from 15,300 to 15,800 yuan/mt (tax not included), while the centralized quoted price for shredded aluminum tense scrap ranges ...
Shanghai Metals Market14h
Fundamentals show strong supply and weak demand, with SHFE zinc prices declining significantly [SMM zinc futures brief comment]
Fundamentals: Strong supply and weak demand, SHFE zinc falls significantly]: The most-traded SHFE zinc 2508 contract opened at 22,360 yuan/mt. In early trading, SHFE zinc reached a high of 22,360 yuan ...