Metal5h
Stainless Steel Supply and Demand Improvement: 1.08% Destocking of 300-Series [SMM Analysis]
400-Series: Rigid procurement was maintained for the 400-series, but recently, the settlement of pre-allocated resources by stainless steel plants ended, and the distribution volume significantly ...
Metal5h
SMM Morning Comment For SHFE Base Metals On November 5
Overnight, the most-traded SHFE lead 2412 contract opened at 16,810 yuan/mt. It initially fell to a low of 16,770 yuan/mt before rebounding, reaching a high of 16,875 yuan/mt at the close and finally ...
Metal6h
Slight Inventory Buildup of Tin Ingot, Strong Wait-and-See Sentiment Among Downstream Enterprises [SMM Analysis]
Overnight, the most-traded SHFE 2403 aluminium contract opened at 18,745 yuan/mt, with high and low at 18,760 yuan/t and 18,665 yuan/mt before closing at 18,700 yuan/mt, down 65 yuan/mt or 0.35%.
Metal6h
Port Arrivals Increased, Silicon Metal Social Inventory Increased [SMM Silicon Inventory]
Overnight, the most-traded SHFE 2403 aluminium contract opened at 18,745 yuan/mt, with high and low at 18,760 yuan/t and 18,665 yuan/mt before closing at 18,700 yuan/mt, down 65 yuan/mt or 0.35%.
Metal6h
SHFE tin prices remained rangebound at high levels during the night session, and the spot market saw sluggish transactions [SMM Tin Morning Comment]
Yesterday, the spot market experienced sluggish transactions, with little change in quotations from trading companies. The premiums and discounts for various domestic tin ingot brands remained stable.
Metal5h
Social Inventory Increases, SHFE Zinc Shifts Downward [SMM Zinc Morning Comment]
Overnight, LME copper opened at $9,693.5/mt, initially dropped to $9,680/mt, then fluctuated upwards, hitting a high of $9,816.5/mt during the session, and finally fluctuated widely to close at $9,805 ...
Metal6h
The commissioning of new facilities accelerates EVA capacity expansion, making it difficult to sustain the price increase trend
In 2025, new EVA capacity is expected to reach 1.14 million mt, plus the 200,000 mt facility commissioned in 2024 switching to EVA, resulting in a capacity increase of 49.63%. The production barriers ...
Metal5h
Market Supply and Demand Show Signs of Recovery, Manufacturing Recovery Supports Tin Demand [SMM Tin Morning Meeting Summary]
With the manufacturing PMI returning above the 50 mark in October after five months, both supply and demand in the market show clear signs of recovery.
Metal6h
Refined Nickel Social Inventory Slightly Dropped Last Week
During the week, SMM refined nickel inventory in six major regions totaled 37,261 mt, down 168 mt WoW. Warehouse warrants continued to increase during the week, but social inventory dropped. Nickel ...
Metal6h
Domestic and international macro events are concentrated, and steel prices are expected to fluctuate more this week
Last week, the ferrous metals series continued to fluctuate rangebound, with the price center increasing slightly.
Metal6h
National port inventory of nickel ore decreased slightly by 100,000 wmt
On November 1, the national port inventory of nickel ore decreased slightly by 100,000 wmt to 10.482 million wmt compared to October 25.
Metal6h
US Election Kicks Off, Weakening US Dollar Index Boosts Copper Prices [SMM Copper Morning Comment]
LME zinc prices opened at $2548/mt last evening and closed down $86.5/mt or 3.39% at $2466.5/mt. Trading volume increased to 11397 lots, and open interest decreased by 1323 lots to 208,000 lots. LME ...