Metal2h
Operating Rate of Copper Cathode Rods Declined as Expected: Why Did Market Sentiment Turn Cautious? [SMM Copper Downstream Weekly Survey]
This week, the SMM survey covered the production and sales of major domestic medium and large copper rod makers. The comprehensive operating rate was 79.32%, down 2.40 percentage points WoW and 1.54 ...
Metal2h
Copper Prices Rose This Week, Orders Diverged Among Companies [SMM Analysis]
Spot quotes in north China fell last week. Spot copper was quoted with discounts of 40 yuan/mt to premiums of 200 yuan/mt, or an average premium of 80 yuan/mt last Friday, down 20 yuan/mt from May 19.
Metal2h
Demand Support Rapidly Collapsed, Crucible Prices Plummeted After the Holiday [SMM Analysis]
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%.
Metal4h
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%.
Metal3h
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.
Metal4h
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, ...
Metal3h
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 ...
Metal4h
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 ...
Metal3h
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.
Metal3h
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 ...
Metal4h
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.
Metal3h
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.