Metal41m
New Huawei tech-powered VOYAH DREAM MPV model hits market
Beijing (Gasgoo)- On September 19, Dongfeng Motor’s premium new energy vehicle brand VOYAH officially released its new DREAM MPV onto the market, offering four variants in both plug-in hybrid electric ...
Metal4h
With Normal Stainless Steel Shipments During the Holiday And Fewer Sales Days, Overall Inventory Increased by 1.12% [SMM Analysis]
As of September 19, SMM social inventory of stainless steel was 971,400 mt, up 1.12% WoW.
Metal3h
Operating Rate of Copper Cathode Rods Declined as Expected: Why Did Market Sentiment Turn Cautious? [SMM Copper Downstream Weekly Survey]
This week, the SMM survey covered the production and sales of major domestic medium and large copper rod makers. The comprehensive operating rate was 79.32%, down 2.40 percentage points WoW and 1.54 ...
Metal4h
Rare Earth Prices Slightly Increased, Trading Atmosphere Remained Lukewarm [SMM Daily Review]
On September 19, Pr-Nd prices slightly increased, with overall price fluctuations in the rare earth market remaining minimal.
Metal3h
Copper Prices Rose This Week, Orders Diverged Among Companies [SMM Analysis]
Spot quotes in north China fell last week. Spot copper was quoted with discounts of 40 yuan/mt to premiums of 200 yuan/mt, or an average premium of 80 yuan/mt last Friday, down 20 yuan/mt from May 19.
Metal4h
Macro Sentiment Improved, LME Zinc Fluctuated at Highs [SMM Zinc Morning Comment]
Overnight, LME zinc opened at $2,880/mt. At the beginning of the session, short positions increased, pushing LME zinc down to $2,848/mt. Subsequently, long positions entered at the lows, driving LME ...
Metal4h
Demand Support Rapidly Collapsed, Crucible Prices Plummeted After the Holiday [SMM Analysis]
The most-traded SHFE 2306 aluminium contract opened at 18,125 yuan/mt overnight, with its low and high at 18,030 yuan/mt and 18,160 yuan/mt before closing at 18,115 yuan/mt, down 30 yuan/mt or 0.17%.
Metal4h
China's Monthly Bauxite Import Data for August 2024
According to the General Administration of Customs of China, China imported 15.546 million mt of bauxite in August 2024, up 3.64% MoM and up 34.23% YoY. By country, imports from Guinea were 11.0036 ...
Metal4h
August 2024 Unwrought Aluminum Alloy Imports and Exports
In August 2024, the export volume of unwrought aluminum alloy was 22,700 mt, down 9.8% YoY and up 25.8% MoM. From January to August, the cumulative export volume was 157,400 mt, down 3.2% YoY.
Metal5h
SHFE tin prices remained rangebound at high levels during the night session, the spot market saw sluggish transactions [SMM Tin Morning Comment]
In the night session yesterday, the most-traded SHFE tin contract closed at 259,080 yuan/mt, up 2,930 yuan/mt, an increase of 1.14%. The highest price was 260,280 yuan/mt, and the lowest was 257,900 ...
Metal5h
Favourable macro front and solid fundamentals supported aluminum prices to fluctuate upward [SMM Aluminum Morning Comment]
The most-traded SHFE aluminum 2411 contract opened at 20,105 yuan/mt overnight, reaching a high of 20,135 yuan/mt and a low of 20,040 yuan/mt, and closed at 20,080 yuan/mt, up 120 yuan/mt or 0.6%.
Metal5h
US Dollar Decline Boosted Copper Prices, Domestic Copper Cathode Continued Destocking [SMM Copper Morning Comment]
LME copper opened at $9,543.5/mt overnight. After a slight initial fluctuation, it peaked at $9,572.5/mt and then declined to a low of $9,477/mt. It later rebounded slightly and closed at $9,539/mt, ...