Metal2h
The Market Enters Off-Season, Operating Rate of Steel Mills Using Externally Purchased Billets Declines
According to an SMM survey, as of November 29, the operating rate of steel mills using externally purchased billets, which mainly produce construction steel, was 26.21%, down 4.79 percentage points ...
Metal2h
Review of Ferrochrome Market in November and Outlook for December [SMM Analysis]
In November, high-carbon ferrochrome prices continued to decline, and for the first time in two years, the procurement prices of major stainless steel mills diverged.
Metal4h
Export Long-term Contract Quotation Period Coincides Cost Recalculation, Copper Rod FOB Processing Fees Surge by $40 [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%.
Metal5h
Outflows from Warehouses Increased in Some Regions, Social Inventory of Silicon Metal Decreased [SMM Silicon Inventory]
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, ...
Metal5h
Aluminum Rod Demand Gradually Recovers MoM, Downstream Aluminum Wire and Cable Operating Rates May Fall in December [SMM Analysis]
Last week, the operating rate of leading domestic aluminum wire enterprises recorded 71.6%, with no significant changes in overall operations.
Metal5h
Demand for construction steel cooled in November, while steel demand from manufacturing sector remained steady
The PMI composite index for domestic steel downstream sectors in November 2024 was 49.94, down 0.42 MoM, and up 0.93 YoY.
Metal6h
SMM Copper Inventories in Major Regions Nationwide Increased by 5,700 mt Over the Weekend [SMM Weekly Data]
As of Monday, December 2, SMM copper inventories in major regions nationwide increased by 5,700 mt compared to last Thursday, reaching 143,200 mt.
Metal6h
SHFE Tin Prices Held Steady in Night Session, Spot Market Trading Remained Sluggish [SMM Tin Morning Brief Dec 3]
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, ...
Metal6h
The Most-Traded Stainless Steel Futures Contract Falls to Four-Year Low, Expected to Remain at Low Levels [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%.
Metal5h
Demand Support Remains Weak: How Will Rare Earth Prices Trend? [SMM Analysis]
Last week, rare earth market prices fluctuated rangebound. Pr-Nd oxide rose to 412,000-415,000 yuan/mt, an increase of 0.85%; dysprosium oxide fell to 1.66-1.67 million yuan/mt, a decrease of 1.77%; ...
Metal5h
In 2024, the production of aluminum alloy remelting billets plummeted by 18%. What is the market outlook for 2025? [SMM Analysis]
In November, an SMM survey of domestic remelting billet enterprises (remelting billets: produced using only aluminum scrap or ingots, without liquid aluminum; aluminum scrap content between 90-100%) ...
Metal6h
Inventory Performance Better Than Expected in Early December, Short-Term Market Sentiment Eases [SMM Aluminum Morning Meeting Summary Dec 3]
Overnight, the most-traded SHFE aluminum 2501 contract opened at 20,380 yuan/mt, reached a high of 20,460 yuan/mt, a low of 20,370 yuan/mt, and closed at 20,435 yuan/mt, up 50 yuan/mt or 0.25% from ...