Metal6m
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.
Metal6m
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%) ...
Metal10m
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.
Metal20m
SMM Morning Comment For SHFE Base Metals On December 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% ...
Metal21m
Supply-Demand Imbalance Exists, Lead Price Upside Room Still Needs Attention to Consumption [SMM Lead Morning Comment Dec 3]
Overnight, the most-traded SHFE lead 2501 contract opened at 17,635 yuan/mt. Bulls entered the market at the beginning of the session, pushing SHFE lead to a strong upward surge, reaching a ...
Metal24m
Aluminum Inventory Trend Seem Unclear: Will Year-End Inventory Buildup Be Delayed? [SMM Analysis]
Last week, although aluminum prices remained weak, the most-traded SHFE aluminum contract consistently stabilized above the 20,000 mt mark, providing confidence for market buyers to restock at lower ...
Metal35m
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%.
Metal43m
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 ...
Metal50m
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, ...
Metal50m
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 ...
Metal52m
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 ...
Metal54m
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 ...