Metal7m
Stainless steel raw material prices have risen significantly, boosting the market while cost pressure remains [SMM Analysis]
This week, stainless steel futures prices rose strongly, driving spot prices to climb simultaneously. The weekly average price of private 304 cold-rolled stainless steel was 13,200 yuan/mt, up about ...
Metal18m
Stainless Steel Spot Prices Rose After the New Year, Inventory Accumulation Was Lower Than in Previous Years [SMM Analysis]
This week, stainless steel spot prices showed an overall upward trend. As of February 7, SMM Wuxi region's 304 cold-rolled coil was quoted at 13,050-13,400 yuan/mt, with an average price up 50 yuan/mt ...
Metal39m
Tight Spot Supply of Magnesium Ingots: How Will the Magnesium Market Perform After the New Year? [SMM Analysis]
According to SMM data, China's magnesium ingot production in January 2025 decreased by 4.9% MoM. This month's production decline in the magnesium ingot market was mainly due to production cuts by some ...
Metal14m
Stainless Steel Futures Market Rises Strongly to Reach a Two-Month High [SMM Analysis]
Stainless Steel Futures Market Rises, Reaching a Two-Month High] This week, the most-traded SS2503 futures contract showed a strong upward trend. On Wednesday (the eighth day of the Lunar New Year), ...
Metal53m
De Wang Cao's Indirectly Invested Company Goes Public in Hong Kong, Battery Capacity Expected to Reach 50.5 GWh by 2026
[De Wang Cao's Indirectly Invested Company to Launch Hong Kong IPO, Battery Capacity Expected to Reach 50.5GWh by 2026] As of August 31, 2024, the designed total capacity of Zenergy's battery cell ...
Metal2h
Guangdong Zinc: Downstream Consumption Recovery Still Requires Time, Spot Transactions in Guangdong Market Remain Sluggish [SMM Midday Review]
Downstream Consumption Recovery Still Requires Time, Sluggish Spot Transactions in Guangdong Market] SMM reported on February 7: The mainstream transaction prices of Guangdong 0# zinc were at ...
Metal2h
Tianjin Zinc: Market Supply Falls Short of Expectations, Traders Show Slight Inclination to Stand Firm on Quotes [SMM Midday Review]
Most Downstream Enterprises Have Not Resumed Work, Sluggish Trading Atmosphere]: The mainstream transaction price of 0# zinc ingot in the Tianjin market was 23,690-24,020 yuan/mt, Zijin traded at ...
Metal2h
Mid-to-Late Month B/L Offers Remain Firm, USD Copper Market Significantly Active at the Beginning of the Year [SMM Yangshan Spot Copper]
Currently, the actual transaction price for pyro high-quality copper warehouse warrants is $73/mt, mainstream pyro $66/mt, and wet-process $59/mt; high-quality copper B/L is $65/mt, mainstream pyro ...
Metal2h
Shanghai Zinc: Futures Market Continues to Rise, Spot Transactions Remain Weak [SMM Midday Review]
Futures Market Continued to Rise, Spot Transactions Were Poor] Today, the mainstream transaction prices of 0# zinc were concentrated at 23,690-23,990 yuan/mt, with no quotations for Shuangyan. The ...
Metal1h
DRC Disruptions Persist; Low Operating Rate for Downstream Enterprises Resuming Production [SMM Tin Midday Review]
Review: DRC Disruptions Persist, Low Operating Rates Among Downstream Enterprises] With the end of the Chinese New Year holiday, most downstream enterprises resumed production today. However, due to ...
Metal2h
Secondary Lead: Average Transaction Performance; Refined Lead Ex-Factory Prices Show Discounts [SMM Lead Midday Review]
Review: Average Transactions, Refined Lead Ex-Factory Prices Show Discounts] SMM reported on February 7: Today, the SMM 1# lead average price dropped by 25 yuan/mt compared to yesterday, reaching ...
Metal2h
Demand Gradually Recovers, Spot Premiums Steadily Rise, but High Inventory Still Limits the Increase [SMM South China Spot Copper]
Today, spot #1 copper cathode in Guangdong was quoted at a discount of 270 yuan/mt to parity against the front-month contract, with an average discount of 135 yuan/mt, up 30 yuan/mt from the previous ...