Metal2m
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 ...
Metal5m
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 ...
Metal2h
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.
Metal1h
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.
Metal2h
Increased Purchase Enthusiasm Overseas Boosted SiMn Alloy Exports in August [SMM Analysis]
According to the latest release from the General Administration of Customs, in August 2024, China's SiMn alloy export volume was 1,832.25 mt, up 38.7% MoM.
Metal1h
Market Sentiment Spread, Can Rare Earth Prices Continue to Fluctuate Upward? [SMM Analysis]
Compared to the domestic market, the recent performance of the foreign trade market was also quite sluggish. Some companies pointed out that the foreign trade market lacked momentum and experienced ...
Metal2h
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.
Metal3h
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.
Metal3h
SMM Morning Comment For SHFE Base Metals On September 24
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 ...
Metal3h
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 ...
Metal4h
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 ...
Metal3h
For Lead Prices, Continue to Focus on Pre-Holiday Stocking [SMM Lead Morning Comment]
Overnight, LME lead opened at $2,048.5/mt. During the Asian session, LME lead consolidated around $2,040/mt. Entering the European session, the focus of LME lead gradually shifted upward, reaching an ...