Shanghai Metals Market

[SMM Analysis]High-Grade NPI Prices Continue to Decline Amid Weak End-Use Consumption in Traditional Off-Season

The average price of SMM 10-12% high-grade NPI fell by 9.8 yuan/mtu WoW to 909.6 yuan/mtu (ex-factory, tax included), while ...
Shanghai Metals Market

National Bureau of Statistics (NBS): National Real Estate Development Investment Reached 7,356.3 Billion Yuan in January–October, Down 14.7% YoY

According to data from the National Bureau of Statistics (NBS), from January to October, national real estate development ...
Shanghai Metals Market

National Bureau of Statistics: Selling Prices of Commercial Residential Buildings in Cities of All Tiers Declined MoM in October

According to data from the National Bureau of Statistics (NBS), in October, the selling prices of new commercial residential ...
Shanghai Metals Market

BC Copper 2512 Contract Closed Higher as U.S. Government Reopening Eased Market Concerns [SMM BC Copper Review]

SHFE copper contract 2512 closed at 86,900 yuan/mt. Based on the BC copper 2512 contract price of 77,360 yuan/mt, its after-tax price is 87,417 yuan/mt, resulting in a price spread of -517 yuan/mt ...
Shanghai Metals Market

[SMM Analysis] COP30 to Launch New Hydrogen Policy: Brazil Finalizes Low-Carbon Hydrogen Legal Framework and Tax Incentives

Recently, Brazil's Minister of Mines and Energy, Alexandre Silveira, announced that a decree for a tax credit mechanism for the low-carbon hydrogen industry will be officially signed during the 30th ...
Shanghai Metals Market

Fundamentals Present Both Bullish and Bearish Factors, Lead Prices Await Macro Guidance Next Week [SMM Lead Market Weekly Forecast]

For LME lead, overseas LME lead inventory saw a weekly increase of over 20,000 mt, and the Cash-3M contango widened to -24.26 $/mt. Under the influence of these two factors, LME lead ended its ...
Shanghai Metals Market

[SMM Analysis] Inventory Pressure Persists, Oriented Silicon Steel Prices Are Expected to Continue Declining

Inventory Pressure Persists, Oriented Silicon Steel Prices Still Face Downward Expectations] This week, the oriented silicon steel market in Shanghai was in the doldrums, with trading sentiment ...
Shanghai Metals Market

Hot Metal Output to Drop Significantly Next Week, Pressuring Iron Ore Prices to Remain in the Doldrums [SMM Brief Review]

To ensure production, some steel mills moderately increased their in-factory inventory, leading to a slight rise in port pick-up volume this week, which provided support for ore prices. However, ...
Shanghai Metals Market

[SMM Announcement] Announcement on the addition of SMM A00 aluminum (Guangyuan) and premium price points

SMM continuously formulates, reviews, and revises its methodology through communication with industry insiders, adopts the most common product specifications, trade terms, and trade conditions in the ...
Shanghai Metals Market

[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in West Liaoning May Have Some Upside Potential

Iron Ore Concentrate Prices in West Liaoning May Have Some Upside Potential] The domestic ore market in west Liaoning was relatively sluggish, with the local leading steel mill lowering its purchase ...
Shanghai Metals Market

Short-term upward momentum is insufficient, ferrous metals continue to fluctuate rangebound [SMM Steel Industry Chain Weekly Report]

This week, finished steel products fluctuated rangebound, while raw material prices diverged, with coking coal and coke showing relative weakness. Iron ore prices trended upward during the week, yet ...
Shanghai Metals Market

MMi Daily Iron Ore Report (November 14)

DCE iron ore futures continued to fluctuate rangebound with a stronger bias today, with the I2601 closing at 772.5 RMB, up 0.26% slightly from the previous trading day. Approaching the weekend, market ...