Metal3h
Shanghai-Guangdong Price Spread Widened Again as Overnight Copper Futures Edged Higher [SMM Copper Morning Meeting Summary]
Overnight, LME copper opened at $9,084.5/mt, initially declined to a low of $9,056.5/mt, fluctuated widely during the session ...
Metal17m
LME & COMEX Copper Price Spread Hits Historical High Again: What's Driving It? [SMM Analysis]
In May 2024, due to ultra-low COMEX copper inventories, a historically rare short squeeze occurred in the COMEX copper market. A large influx of funds went long in the COMEX copper futures market, ...
Metal40m
Inventory Declined Significantly Again, Driving Premiums Higher, but Actual Transactions Were Very Limited [SMM South China Spot Copper]
Guangdong inventory ended its two-day increase and pulled back due to limited arrivals. As a result, suppliers continued to stand firm on quotes, with standard-quality copper quoted as high as 600 ...
Metal58m
Guangdong Zinc: Futures Market Center Moves Upward, Market Transactions Are Average [SMM Midday Review]
Futures Market Center Moves Up, Market Transactions Are Moderate] SMM January 10 News: The mainstream transaction price of Guangdong 0# zinc was 24,685-24,860 yuan/mt. Mainstream brands quoted spot ...
Metal1h
Wire and Cable Enterprises' Weekly Operating Rate Drops More Than Expected: No Chance Left for the Chinese New Year? [SMM Analysis]
This week (1.3-1.9), the operating rate of SMM copper wire and cable enterprises was 69.31%, down 8.59 percentage points MoM, 9.1 percentage points lower YoY (24.1.5-24.1.11), and 9.24 percentage ...
Metal1h
Supply-Demand Mismatch Between Buyers and Sellers, Quiet Early Market with Few Transactions [SMM Yangshan Spot Copper]
Currently, the actual warehouse warrant price for pyro high-quality copper is $80/mt, mainstream pyro copper is $73/mt, and wet-process copper is $66/mt; high-quality copper B/L is $72/mt, mainstream ...
Metal1h
SHFE Tin Prices Rebound Slightly as Downstream Enterprises Await Better Restocking Opportunities [SMM Tin Midday Review]
Review: SHFE Tin Prices Slightly Rebound as Downstream Enterprises Await Better Restocking Opportunities] On the morning of January 10, 2025, the SHFE tin 2502 contract in the futures market showed ...
Metal1h
Spot Premiums Rebound Slightly, but Market Outlook Is Not Optimistic [SMM North China Spot Copper]
Today, spot copper cathode in North China was quoted at a discount of 130-90 yuan/mt against the front-month contract, with an average discount of 110 yuan/mt, up 20 yuan/mt from the previous trading ...
Metal1h
The National Mineral Development Corporation (NMDC) of India Merges with Kudremukh Iron Ore Company Limited (KIOCL)
On January 7, 2025, according to foreign media reports, the Indian Ministry of Steel proposed the merger of India's largest iron ore trader, National Mineral Development Corporation (NMDC), with ...
Metal2h
During the Week, Section Steel Plants Stockpile Raw Materials as Actual Production Shows Little Improvement in the Short Term [SMM Analysis]
Regarding raw material inventories, enterprises in east China restocked at lower prices, supporting destocking in the region. SMM will continue to monitor downstream demand and enterprise holiday ...
Metal2h
Steel Scrap Purchase Price Adjustment by Anyang Iron & Steel in Henan on January 10
【Anyang Steel Scrap Price Adjustment】To all steel scrap suppliers, starting from January 10, Anyang Steel will lower the steel scrap purchase price by 40 yuan/mt. The specific prices are subject to ...
Metal1h
Tianjin Zinc: Weak Downstream Demand, Premiums Decline [SMM Midday Review]
The mainstream transaction price of 0# zinc ingot in the Tianjin market was 24,470-24,710 yuan/mt, Zijin traded at 24,550-24,750 yuan/mt, and 1# zinc ingot was traded around 23,950-24,090 yuan/mt.