Metal8m
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, ...
Metal24m
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 ...
Metal26m
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 ...
Metal1h
EU targets Russian exports: Aluminium ban and new shipping controls
The new measures not only target Russia's highly profitable aluminium sector but also crack down on the so-called "shadow fleet" used to evade sanctions on Russian oil exports, blacklisting an ...
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
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
SMM Morning Comment For SHFE Base Metals (Feb 24)
Last Friday evening, the most-traded SHFE copper 2504 contract opened at 77,350 yuan/mt, initially peaked at 77,700 yuan/mt, fluctuated downward to a low of 77,400 yuan/mt during the session, then ...
Metal2h
Concerning Over 160,000 Related Enterprises! China to Strengthen Power Battery Recycling and Utilization
[Concerning Over 160,000 Related Enterprises! China to Strengthen Power Battery Recycling and Utilization] Currently, power batteries for NEVs in China have entered a large-scale retirement phase, ...
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 ...
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 ...
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
Lead-Acid Battery Traditional Off-Season Is Expected to Arrive, Bulls Reduce Positions, SHFE Lead Closed Lower Overnight [SMM Lead Morning News]
Brief: Traditional Off-Season for Lead-Acid Batteries Expected, Bulls Reduce Positions, SHFE Lead Closed Lower Overnight] SMM, February 24: Last Friday, LME lead opened at $2,000/mt, fluctuated ...