Metal3h
New Moves in Sodium: Enhanced Safety for Sodium Battery Cabinets - Suzhou's First Sodium Battery Swap Project Launched [SMM Sodium Battery Analysis]
On September 20, according to the Zhongna public account, Jiangsu Zhongna Energy Technology Co., Ltd. recently collaborated ...
Metal3h
Analysis of Nickel Ore Import Data for August 2024 [SMM Data]
According to the latest data from Chinese customs, China's nickel ore imports in August 2024 were 4.9307 million mt, down ...
Metal1h
The reserve requirement ratio will be reduced by 0.5 percentage points
At a press conference held by the State Council Information Office, People's Bank of China Governor Pan Gongsheng announced that the bank will soon reduce the reserve requirement ratio by 0.5 ...
Metal1h
Silver Exports Increased, Imports Declined in August [SMM Analysis]
In August, imports of unwrought silver with a purity of ≥99.99% were 24.8 mt, down 76.6% MoM, while exports were 318.1 mt, up 12.3% MoM. Imports of silver nitrate were 100.41 kg, down 56% MoM, and ...
Metal3h
Lead ingot social inventory rose to a two-month high, with attention on downstream pre-holiday restocking actions [SMM survey]
According to the SMM survey, as of September 23, the total social inventory of SMM lead ingots in five regions reached 65,600 mt, an increase of 6,500 mt compared to September 19, and an increase of ...
Metal3h
Copper Prices and Spot Premiums Rise: Where is the Confidence in the Spot Market? [SMM Analysis]
Although there were only three trading days last week, both copper prices and SHFE spot copper premiums continued to rise. Although there were only three trading days last week, both copper prices and ...
Metal5h
Over the weekend, copper stocks in major regions nationwide dropped significantly by 26,800 mt [SMM Weekly Data]
As of Monday, September 23, SMM copper stocks in major regions nationwide decreased sharply by 26,800 mt to 165,800 mt compared to last Thursday, continuing destocking with an accelerating speed.
Metal7h
SHFE tin prices opened high and rose overnight, dampening downstream purchasing enthusiasm [SMM Tin Morning Comment]
In the night session yesterday, the most-traded SHFE tin contract closed at 259,770 yuan/mt, up 660 yuan/mt, an increase of 0.25%, with a high of 261,000 yuan/mt and a low of 258,350 yuan/mt.
Metal7h
Domestic aluminum ingot inventory remained stable, focus should be on pre-holiday buying sentiment [SMM Aluminum Morning Comment]
Overnight, the most-traded SHFE aluminum 2411 contract opened at 19,785 yuan/mt, reaching a high of 19,875 yuan/mt and a low of 19,780 yuan/mt, closing at 19,830 yuan/mt, down 5 yuan/mt, a decrease of ...
Metal7h
US Manufacturing PMI Hit New Low, Copper Prices Rose Overnight [SMM Copper Morning Comment]
Overnight, LME copper opened at $9,454.5/mt, initially dipped to $9,453/mt, then rose steadily, fluctuated rangebound mid-session, peaked at $9,562.5/mt, and finally dropped back slightly to close at ...
Metal6h
New Policies Gradually Clarified, Secondary Copper Rod Plants Actively Resumed Production [SMM Analysis]
According to SMM survey, the operating rate of secondary copper rod plants last week was 15.69% (surveyed enterprises: 15, capacity: 1.59 million mt/year), up 3.4 percentage points WoW.
Metal5h
Continuous decline of 76,000 mt! Since September, domestic aluminum ingot destocking has met expectations [SMM Analysis]
In the first half of September, domestic aluminum ingots consecutively dropped below 800,000 mt and 750,000 mt, with the destocking speed slightly exceeding our previous expectations.