Metal2h
LME Copper Dropped Back Slightly on Friday; US Dollar Rebound May Pressure Copper Prices [SMM Copper Morning Meeting Summary]
Copper Prices Maintained Fluctuating Trend Overnight as Market Awaits Further Guidance] Last Friday evening, LME copper ...
Metal4m
Stainless Steel Market Transactions Mediocre, Supply-Demand Imbalance Constrains Future Market [SMM Stainless Steel Spot Daily Review]
Market Outlook: In the short term, the stainless steel market is expected to continue being affected by the supply-demand imbalance, leaving little room for significant price increases. Fluctuations ...
Metal11m
The Inventory Buildup Has Significantly Slowed Down, and the Spot Market Awaits Destocking Signals [SMM Shanghai Spot Copper]
Limited import arrivals during the week and a significant slowdown in social inventory buildup have been observed. The market is expected to see a recovery in downstream domestic consumption in March, ...
Metal11m
Market Volatility May Intensify Ahead of the US Fed's March Meeting, SHFE Tin Prices Continue to Fluctuate Upward [SMM Tin Midday Review]
Review: Market Volatility May Intensify Ahead of US Fed's March Meeting, SHFE Tin Prices Continue to Fluctuate Upward] On the morning of February 24, 2025, the SHFE tin 2503 contract showed a ...
Metal11m
Guangdong Zinc: Spot Transactions Sluggish, Downstream Just-in-Time Procurement Dominates [SMM Midday Review]
Sluggish Spot Transactions, Mainly Just-in-Time Procurement by Downstream Buyers] SMM, February 24: The mainstream transaction prices of Guangdong 0# zinc were 23,860-24,065 yuan/mt. Mainstream brands ...
Metal23m
SHFE/LME Price Ratio Remains Low, Warehouse Warrant Prices Decline, Buyer Demand Weak, Transactions Rare [SMM Yangshan Spot Copper]
Currently, the actual transaction price for pyro high-quality copper warehouse warrants is $46/mt, mainstream pyro at $40/mt, and wet-process at $34/mt. High-quality copper B/L is priced at $60/mt, ...
Metal39m
Shanghai Zinc: Futures Market Fluctuates at High Levels, Trading Remains Average [SMM Midday Review]
Futures Market Fluctuated at High Levels, Transactions Remained Moderate] Today, the mainstream transaction prices of 0# zinc were concentrated at 23,880-24,055 yuan/mt, with Shuangyan traded at ...
Metal41m
Ningbo Zinc: More Traders Selling, Premiums Continue to Decline [SMM Midday Review]
The mainstream transaction price of #0 zinc ingot in the Ningbo market was around 23,890-24,045 yuan/mt. Conventional brands in Ningbo quoted a discount of 25 yuan/mt against the 2503 contract and on ...
Metal2h
Steel Scrap Purchase Price Adjustment by Anyang Iron & Steel in Henan on February 24
【Anyang Steel Scrap Price Adjustment】To all steel scrap suppliers, starting from February 24, Anyang Steel's steel scrap purchase prices remain unchanged. Specific prices are subject to the steel mill ...
Metal2h
Secondary Lead Enterprises See Increase in Production Data, Cost Support May Extend Lead Price Consolidation Trend [SMM Lead Morning Meeting Summary]
Increase in Secondary Lead Production Data May Sustain Lead Price Consolidation Due to Cost Support] The spread between futures and spot prices for lead widened WoW. Even after the delivery of the ...
Metal2h
Upstream weekly recap: METLEN secures long-term bauxite supply deal with Rio Tinto; NALCO unveils ambitious INR 30,000 crore expansion strategy
In a significant development, Larsen & Toubro (L&T), India’s largest listed infrastructure firm, has announced that its Minerals & Metals (M&M) business vertical has secured a major contract from ...
Metal2h
Alumina Transaction Prices Rebound Slightly, Overseas Alumina Prices Decline Further [SMM Morning Comment on Alumina]
Spot-Futures Price Spread Daily Report: According to SMM data, on February 21, the SMM alumina index showed a discount of 96 yuan/mt against the most-traded contract's latest transaction price at ...