Shanghai Metals Market

Guangxi Nanko Copper tendered for 5 mt of tellurium ingots on the 18th [SMM Tellurium Market Tracking Report]

According to official information from Guangxi Nanko Copper Co., Ltd., bidding began today for the sale of 5 mt of tellurium ingots (99.99%). Specifications: Tellurium: ≥99.99%; Cu: ≤0.001; Pb: ≤0.002 ...
Shanghai Metals Market

Tin market maintained a fluctuating rangebound trend during the night session, while downstream and end-user enterprises remained cautious and adopted a wait-and-see attitude ...

During the night session, the tin market maintained a fluctuating rangebound trend, with downstream and end-users remaining in a wait-and-see stance. [SMM Tin Morning Brief] Futures: The most-traded ...
Shanghai Metals Market

Expectations for US Fed Interest Rate Cut Continue to Weaken, LME Zinc Center Shifts Downward [SMM Morning Meeting Minutes]

Expectations for US Fed Interest Rate Cuts Continue to Weaken, LME Zinc Center Shifts Downward] Overnight, the LME zinc contract opened at $3,011/mt. Initially, it fluctuated along the daily average ...
Shanghai Metals Market

Prices Pull Back While Consumption Resilience Persists, Enterprise Restocking Sentiment Sees a Slight Rebound [SMM Cast Aluminum Alloy Morning Comment]

Prices Pull Back Amid Resilient Consumption, Enterprise Restocking Sentiment Rebounds Slightly] Yesterday, aluminum prices experienced a significant correction, with the SMM A00 spot aluminum price ...
Shanghai Metals Market

Macro sentiment weakens, SHFE zinc declines [SMM Zinc Morning Comment]

SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2512 contract opened at 22,460 yuan/mt. At the beginning of the session, it briefly touched a high of 22,465 yuan/mt, but then bulls ...
Shanghai Metals Market

Joysun's solid-state battery roadmap

On November 14, 2025, according to public information from Longyuan Linwu, Hunan Jiusen New Energy Co., Ltd. successfully ...
Shanghai Metals Market

[SMM Analysis] Bears Dominate as Nickel Prices Weaken: An Analysis of Recent Macro and Fundamental Pressures

Since October 28, nickel prices have shifted from their previous volatile pattern into a unilateral downtrend, successively ...
Shanghai Metals Market

SMM Announces Official Launch of Korea Office to Strengthen Northeast Asia Presence

Shanghai Metals Market (SMM) today announced the official launch and operational commencement of its Korea Office. This ...
Shanghai Metals Market

Price Touches Key Level, Tug-of-War Between Sellers and Buyers Continues in the Doldrums [SMM Magnesium Ingot Spot Report]

Prices Hit Key Level, Tug-of-War Between Sellers and Buyers Continues Weak and Stable Pattern] On November 17, Fugu magnesium ingot was quoted at 16,000-16,100 yuan/mt, with FOB prices at $2,240-2,340 ...
Shanghai Metals Market

BC Copper 2512 contract closed down 0.93%, hawkish remarks dampen interest rate cut expectations [SMM BC Copper Review]

The SHFE copper 2512 contract settled at 86,450 yuan/mt. Based on the BC copper 2512 contract price of 76,980 yuan/mt, its after-tax price would be 86,987 yuan/mt, resulting in a price spread of -537 ...
Shanghai Metals Market

The price spread between futures contracts fluctuated significantly on the last trading day, and spot prices against the current-month SHFE copper contract rose. [SMM Shanghai ...

SMM SHFE Copper Spot] The destocking in Shanghai over the weekend was mainly due to fewer arrivals of imported and domestic copper. It is expected that SHFE copper spot transactions this week will ...
Shanghai Metals Market

In late November, B/L shortages were reported, with a small amount of transactions heard in the morning session [SMM Shanghai spot copper].

Today, warrant prices were at $26-38/mt, QP December, with the average price down by $2/mt from the previous trading day; B/L prices were at $41-53/mt, QP Novem ...