Metal6m
US Tariff Increase on China: Will Copper Pipe & Tube Exports to the US Decline? [SMM Analysis]
According to data compiled by SMM from the General Administration of Customs, China exported a total of 308,827.3 mt of copper pipe & tube from January to October, up 14.7% YoY.
Metal9m
SMM Morning Comment For SHFE Base Metals On December 2
Last Friday night, the most-traded SHFE aluminum 2501 contract opened at 20,375 yuan/mt, reached a high of 20,425 yuan/mt, a low of 20,320 yuan/mt, and closed at 20,420 yuan/mt, up 30 yuan/mt or 0.15% ...
Metal12m
What is behind the rise in Shanghai spot copper premiums at the end of November? [SMM Analysis]
In February, the lack of consumption due to CNY holidays drove accumulation of stocks. Lead prices thus fell back from high levels. LME lead prices dropped below the $2,000/mt mark, reaching a low of ...
Metal20m
How has the market performed over the past two weeks since the import window opened? [SMM Analysis]
Overnight, LME zinc prices opened at US$2,581/ton and reached a low of US$2,567/ton during the period. During the European trading session, LME zinc prices moved up and hit a high of US$2,605.5/ton, ...
Metal20m
Spot lithium carbonate prices to have a slight downward space due to potential demand reduction
Last week, spot lithium carbonate prices continued to decline, dropping by approximately 900 yuan/mt.
Metal24m
SHFE tin continued to rise during the night session, with downstream enterprises having mostly completed restocking [SMM Tin Morning News Dec 2]
Last Friday, trading in the spot tin market cooled down, with trading enterprises' quotations remaining stable and showing no significant fluctuations.
Metal24m
Short-term sufficient imports of tin ingots combined with macroeconomic data suppress tin prices
In terms of imports: In October 2024, China's refined tin imports surged 55.11% MoM to 3,050.68 mt, mainly due to the gradual arrival of pre-ordered cargoes by import traders. Additionally, cumulative ...
Metal31m
US Dollar Weakens, SHFE Zinc Center Rises [SMM Zinc Morning Comment Dec 2]
Last Friday, LME zinc opened at $3,049/mt, initially fluctuating along the daily moving average, dipping to $3,040.5/mt.
Metal35m
Domestic Manufacturing Slightly Expands, Copper Prices May Be Supported [SMM Copper Morning Comment Dec 2]
In February, the lack of consumption due to CNY holidays drove accumulation of stocks. Lead prices thus fell back from high levels. LME lead prices dropped below the $2,000/mt mark, reaching a low of ...
Metal37m
Supply Benefits Exhausted, Focus Returned to Consumption; Lead Prices May Consolidate at High Levels [SMM Lead Morning Comment Dec 2]
Overnight, LME copper opened at $9,882/mt, fluctuated widely at the beginning, reaching a high of $9,908/mt, then kept falling, dropping to $9,740/mt near the end of the trading session, and finally ...
Metal38m
Aluminum Market Faces Limited Support, Overall Market Sentiment Under Pressure [SMM Aluminum Morning Meeting Summary Dec 2]
Last Friday night, the most-traded SHFE aluminum 2501 contract opened at 20,375 yuan/mt, reached a high of 20,425 yuan/mt, a low of 20,320 yuan/mt, and closed at 20,420 yuan/mt, up 30 yuan/mt or 0.15% ...
Metal38m
SMM Nickel Market Morning Comment (Dec 2)
Last week, refined nickel prices remained stable at 124,000-131,000 yuan/mt. The fundamentals showed no structural changes compared to the previous week. From various segments of the nickel industry ...