Metal54s
US Fed December Interest Rate Cut Probability Reduces, Market Awaits Further Copper Price Decline [SMM Copper Morning Comment]
LME copper prices opened at $8557.5/mt and closed at $8547.5/mt in narrow range, a drop of 0.23%, with the low-end of $8529/mt and the high-end of $8599/mt. Aluminium: Domestic aluminium ingots have ...
Metal3m
SMM Nickel Market Morning Comment (Nov 18)
On January 18, 2024, SMM data showed that the social inventory of aluminium ingots in China’s eight major markets was 441,000 mt, and the amount available for sale stood at 315,000 mt, down by 18,000 ...
Metal2d
High-Nickel Pig Iron Prices Continue to Plunge Amidst Weak Market Fundamentals
In this week's nickel market, the price of high-nickel pig iron continues to be under pressure with a widened decline.
Metal2d
Bauxite exports from GAC have been frozen, and under multiple disturbances, the port departures of Guinean bauxite have decreased WoW
According to foreign media reports on November 11, after the suspension of EGA's bauxite export business in Guinea, the transportation of bauxite from GAC, subsidiary of EGA, to Chinese ports was also ...
Metal3d
China's bauxite imports dropped significantly in September, impact of the rainy season in Guinea on shipments weakened in October
According to the General Administration of Customs of China, in September 2024, China imported 11.5536 million mt of bauxite, ...
Metal2d
Copper Cathode Long-term Contract Negotiations: Why Did South China Spot Premiums Surge While East China Lagged? [SMM Analysis]
During the concentrated negotiations for domestic and international long-term contracts for copper cathode and copper concentrates, spot premiums in South China surged sharply since last week, far ...
Metal2d
Chery Holding begins pre-sales for two new energy vehicle models at Auto Guangzhou 2024
Guangzhou (Gasgoo)- On November 15, Chery Holding's high-end brand EXEED showcased its latest lineup of new energy vehicles at the Auto Guangzhou 2024, and unveiled the Falcon ("Lieying" in Chinese ...
Metal2d
As upstream suppliers were not willing to reduce prices, Pr-Nd prices are expected to remain stable
For Q4 demand, some industry participants remain optimistic. Upstream suppliers are not strongly inclined to report lower prices, and Pr-Nd prices are expected to remain stable.
Metal2d
Copper Prices Continue to Decline, Orders Released, Copper Cathode Rod Operating Rate Exceeds Expectations [SMM Copper Downstream Weekly Survey]
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 ...
Metal2d
Zinc ingot inventory across China's seven major regions rose
According to an SMM survey, as of Thursday (November 14), the total zinc ingot inventory in SMM's seven regions was 127,400 mt, an increase of 7,400 mt from November 7 and an increase of 3,800 mt from ...
Metal2d
Significant Drop in Copper Prices Triggers Strong Wait-and-See Sentiment, Wire and Cable Enterprises' Operating Rate Slightly Increases
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 ...
Metal2d
With weak supply and demand, rare earth prices showed a slight fluctuation trend
This week, rare earth prices showed a slight fluctuation trend.