Shanghai Metals Market

【SMM Analysis】Another Restrictions on Nickel Supply? Indonesian Nickel Market Uncertainty Continues

On June 5th 2025, Indonesia's Government has officially released the Government's Regulation No. 28 of 2025 (PP 28/2025), which governs "Implementations of Risk-Based Business Licensing". It is a ...
Shanghai Metals Market

【SMM Analysis】Another Restrictions on Nickel Intermediates? Indonesian Nickel Market Uncertainty Continues

On June 5th 2025, Indonesia's Government has officially released the Government's Regulation No. 28 of 2025 (PP 28/2025), ...
Shanghai Metals Market

Magnesium Plant Inventory Pressure Highlighted, Operating Rates Remained Stable This Week [SMM Magnesium Weekly Data]

1. In-factory inventory decreased slightly by 0.8% WoW. Magnesium ingot orders accumulated last week were purchased intensively this week, leading to a slight inventory decline in most magnesium ...
Shanghai Metals Market

During the day, SHFE lead fluctuated downward, recording a small bearish candlestick [Futures Lead Brief Commentary]

The most-traded SHFE lead 2512 contract opened at 17,495 yuan/mt today. At the beginning of the session, due to bulls reducing positions, SHFE lead fluctuated downward, hitting a low of 17,350 yuan/mt ...
Shanghai Metals Market

Strong Supply vs. Weak Demand vs. Surging Costs: Which Prevails? How Will Magnesium Prices Perform in November? [SMM Domestic Analysis]

Alert! Average Magnesium Metal Price in October Expected to Decline, Risk of Inverted Spreads Intensifies Amid Stable Costs] In September, primary magnesium smelting costs fluctuated rangebound, with ...
Shanghai Metals Market

[NPI Daily Review] High-Grade NPI Sees Limited Low-Price Transactions, Wait-and-See Sentiment Remains Strong

A Few Low-Price Trades Observed in High-Grade NPI Market, Wait-and-See Sentiment Remains Strong] November 6 (SMM) - The average price of SMM 10-12% high-grade NPI stood at 917.5 yuan/mtu (ex-factory, ...
Shanghai Metals Market

Daytime market transactions were limited, and short-term supply-demand mismatch persisted. [SMM Yangshan Spot Copper]

The intraday market was basically flat compared to yesterday, with most buyers still focusing on ER B/L for late November arrival, and there were also a few inquiries for domestic warrants. In the ...
Shanghai Metals Market

[SMM Hot Topic] Steel Companies' Q3 Reports Show Rising Profits, Significant Improvement for Many

In Q3, domestic economic operations were generally stable, with accelerated industrial upgrading and development of new quality productive forces. New momentum enhanced economic resilience and ...
Shanghai Metals Market

During the day, sellers exhibited strong sentiment for offloading goods, with the premium largely holding steady. [SMM Shanghai spot copper]

SMM Shanghai Spot Copper] Looking ahead to tomorrow, copper prices are expected to rise, leading to the fulfillment of some pricing orders. However, the brief recovery in market transactions fails to ...
Shanghai Metals Market

Russia to Formulate Roadmap for Rare Earth Mineral Development

According to a Reuters report cited by Mining.com, Russian President Vladimir Putin ordered the cabinet on Tuesday to develop a roadmap for the development of rare earth minerals by December 1. In a ...
Shanghai Metals Market

Silver Prices Consolidate Sideways with Minor Catch-Up Gains, Spot Market Premiums Remain Broadly Unchanged from Yesterday [SMM Daily Review]

Silver prices edged up slightly today, continuing their consolidation trend, with the TD-SHFE silver 2512 contract basis maintaining at 15-20 yuan/kg. In Shanghai, large suppliers quoted a premium of ...
Shanghai Metals Market

Secondary Lead: Downstream Purchase Willingness Improved Compared to Yesterday, Suppliers' Willingness to Sell Slightly Declined [SMM Lead Midday Review]

The SMM #1 lead average price dropped by 100 yuan/mt to 17,225 yuan/mt today. The mainstream spot order discount price was 50-0 yuan/mt below the SMM #1 lead average price, with some remote supply ...