Metal1m
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%.
Metal9m
Stainless Steel Shipments Intensify Inventory Buildup by 0.72%; Social Inventory Expected to Continue Increasing [SMM Analysis]
As of November 29, SMM stainless steel social inventory stood at 983,400 mt, up approximately 0.72% WoW. Among them, the inventory of the 200 series was 291,400 mt (up 0.80% WoW), the 300 series was ...
Metal16m
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, ...
Metal18m
Rare Earth Prices Continued to Fluctuate Downward in November, with Limited Release of Downstream Orders
As November draws to a close, a review of the entire month shows that the prices of Pr-Nd oxide and Pr-Nd alloy both fell by 2.6%, while the price of dysprosium oxide dropped even faster, with a ...
Metal16m
In November, Risk Aversion Sentiment Gradually Cooled Down, Putting Pressure on Silver Prices [SMM Analysis]
Silver prices fell in November, and the spot-futures price spread remained relatively large amid the relatively low silver T+D quotation. The market's poor liquidity in T+D, coupled with high fees and ...
Metal37m
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.
Metal31m
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 ...
Metal41m
Production Resumption of Smelters and Imported Copper Inflows Are Expected to Increase Total Copper Supply [SMM Copper Morning Comment Dec 3]
LME copper opened at $8,996/mt overnight, initially rising to a high of $9,025/mt.
Metal20m
Demand Weakens, SHFE Zinc Center Shifts Downward [SMM Zinc Morning Comment Dec 3]
Overnight, LME zinc opened at $3,099/mt, quickly peaked at $3,110/mt at the opening, then the bulls reduced positions, causing the LME zinc center to shift downward, hitting a low of $3,062/mt during ...
Metal33m
SMM Nickel Market Morning Comment (Dec 3)
Futures Market: On December 2, SHFE nickel prices fluctuated downward in the morning and then slightly rebounded. The midday closing price fell by 1,480 yuan/mt to 125,690 yuan/mt, a decrease of 1.16% ...
Metal20h
RUSAL conducts first-ever preheating and start-up of aluminium reduction cell using inert anodes
RUSAL, one of the world’s largest aluminium producers, has achieved a historic milestone. We have successfully conducted the ...
Metal23h
Vedanta Aluminium strengthens biodiversity and carbon reduction efforts in Odisha with PwC partnership
Vedanta Aluminium, India’s largest aluminium producer and a leader in sustainable development, has reinforced its position as ...