Metal1h
Demand Was Sluggish, Pessimistic Sentiment Spread in Magnesium Market, How Will Magnesium Prices Develop? [SMM Analysis]
Overall, downstream and end-use demand remained sluggish, with market transactions mainly driven by minimal rigid demand. Considering the current strong supply and weak demand in the magnesium market, ...
Metal1h
Silicon Metal Market Sentiment Remains Strong; Polysilicon Short-Term Inventory Still on the Rise [SMM Silicon-Based PV Morning Briefing]
Yesterday, the mainstream price of N-type polysilicon was 38-42 yuan/kg, and the mainstream price of dense polysilicon was 34-36 yuan/kg. Previous polysilicon order signing was basically completed, ...
Metal2h
Supply-Demand Imbalance Not Prominent; Future Lead Prices Need to Focus on Secondary Lead Supply [SMM Lead Morning Comment Dec 4]
Overnight, LME lead opened at $2,073/mt, fluctuating upward throughout the day, mostly between $2,060-2,070/mt. By the end of the session, LME lead surged to a new three-month high of $2,084/mt before ...
Metal1h
Lead Prices Continue to Rise: How Are the Lead Concentrate and Crude Lead Markets Performing? [SMM Analysis]
Overnight, LME copper opened at $9,882/mt, fluctuated widely at the beginning, reaching a high of $9,908/mt, then kept falling, dropping to $9,740/mt near the end of the trading session, and finally ...
Metal1h
November Zinc Slag Coefficient Declines, and May Continue to Drop in December [SMM Analysis]
In February, the lack of consumption due to CNY holidays drove accumulation of stocks. Lead prices thus fell back from high levels. LME lead prices dropped below the $2,000/mt mark, reaching a low of ...
Metal2h
End-User Purchase Willingness Remains Low; SHFE Tin Prices May Continue to Fluctuate [SMM Tin Morning Brief Dec 4]
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%.
Metal2h
Waiting for More Macro Guidance, SHFE Zinc Mainly Consolidates [SMM Zinc Morning Comment Dec 4]
According to SMM survey, social lead ingot inventory across five major regions in China totalled 50,800 mt as of July 31, up 5,200 mt from July 28 and 9,100 mt from July 24, the highest in four months ...
Metal2h
US Dollar Index Weakens, Copper Prices Rise to Two-Week Highs [SMM Copper Morning Comment Dec 4]
Overnight, LME copper opened at $9,882/mt, fluctuated widely at the beginning, reaching a high of $9,908/mt, then kept falling, dropping to $9,740/mt near the end of the trading session, and finally ...
Metal2h
International Situation Remains Unclear, Aluminum Market Continues to Fluctuate Rangebound [SMM Aluminum Morning Briefing Dec 4]
Overnight, the most-traded SHFE aluminum 2501 contract opened at 20,430 yuan/mt, reaching a high of 20,440 yuan/mt and a low of 20,340 yuan/mt, and closed at 20,405 yuan/mt, up 25 yuan/mt or 0.12% ...
Metal2h
SMM Nickel Market Morning Comment (Dec 4)
Futures Market: On December 3, SHFE nickel opened lower and fluctuated at low levels in the morning. The midday closing price fell by 1,070 yuan/mt to 124,660 yuan/mt, a decrease of 0.85%.
Metal1h
Silicon Coal Price Adjustment: Prices Drop Across Multiple Regions [SMM Analysis]
In February, the lack of consumption due to CNY holidays drove accumulation of stocks. Lead prices thus fell back from high levels. LME lead prices dropped below the $2,000/mt mark, reaching a low of ...
Metal2h
SMM Morning Comment For SHFE Base Metals On December 4
Futures Market: On December 3, SHFE nickel opened lower and fluctuated at low levels in the morning. The midday closing price fell by 1,070 yuan/mt to 124,660 yuan/mt, a decrease of 0.85%.