Shanghai Metals Market

The last trading day for the SHFE copper 2510 contract saw both procurement and sales sentiment weaken. [SMM Shanghai spot copper]

SMM Shanghai Spot Copper] Tomorrow is expected to mark the official start of the SHFE copper 2511 contract, with the number of warrants in Shanghai at 6,277 mt. Holders are expected to show reluctance ...
Shanghai Metals Market

National Bureau of Statistics (NBS): CPI Fell 0.3% YoY in September, Core CPI Growth Rate Continued to Expand

In September, the national consumer price index increased by 0.1% MoM. Specifically, prices in urban areas remained flat, ...
Shanghai Metals Market

National Bureau of Statistics (NBS): PPI Flat MoM in September, YoY Decline Continued to Narrow

According to data from the National Bureau of Statistics (NBS), in September 2025, the ex-factory prices of industrial ...
Shanghai Metals Market

In September, automobile production and sales exceeded 3 million units for the first time in the same period historically. Will the annual automotive market completion rate be ...

In September, auto production and sales reached 3.276 million and 3.226 million units, respectively, up 16.4% and 12.9% MoM, and up 17.1% and 14.9% YoY. Auto production and sales exceeded 3 million ...
Opinion
Shanghai Metals MarketOpinion

[SMM Analysis] Policy Tightening and Supply Outflow: Malaysia's Copper Scrap Market Trapped in a Downturn Cycle

Malaysia's Copper Scrap Market Trapped in a Downturn Cycle] Malaysia's copper scrap market has remained sluggish in recent years, with the entire industry chain, from upstream trading to downstream ...
Shanghai Metals Market

Magnesium Technology Continues to Advance, Magnesium Era Begins in ESS and Materials Fields [SMM Survey]

Magnesium Technology Continues to Advance, Magnesium Era Begins in ESS and Materials Fields] Recent multidimensional progress has been made in the global magnesium technology sector: Tohoku University ...
Shanghai Metals Market

Secondary Lead: Suppliers Maintain Stable Shipping Sentiment, Mainstream Spot Offers at Discounts of 50-0 yuan/mt [SMM Lead Midday Review]

Today, the SMM #1 lead average price increased by 25 yuan/mt from the previous day to 16,900 yuan/mt. Suppliers' selling sentiment for secondary refined lead showed relatively small changes compared ...
Shanghai Metals Market

[SMM Analysis] Analysis of the Reasons for the Rise in Sulfur Prices in October

In the sulfur market, major global producers include the US, China, the UAE, and Russia. However, as countries like China and the US largely consume their own production, Russia and Middle Eastern ...
Shanghai Metals Market

SHFE Tin Fluctuates Under Pressure After High-Level Correction; Awaiting Guidance Amid Weak Supply-Demand Balance [SMM Tin Midday Review]

SHFE Tin Pulls Back from Highs and Trades Under Pressure, Awaits Guidance Amid Weak Supply-Demand Dynamics] On the morning of October 15, 2025, the nonferrous metals sector in the domestic futures ...
Shanghai Metals Market

Jidan County Jilang Indium Industry Tenders 1 mt of Crude Indium from the 15th [SMM Indium Report]

According to market news, Jilang Indium Industry Co., Ltd. of Nandan County is expected to export crude indium ingots on the 15th of this month, with an indium content ≥99.00%, approximately 1,000 kg, ...
Shanghai Metals Market

[SMM Nickel Midday Review] Nickel prices remained in the doldrums on October 15, as the US Fed may cut interest rates again in October.

The most-traded SHFE nickel contract (2511) opened at 120,870 yuan/mt on October 15. After hitting an intraday high, the price pulled back slightly. By the midday close, it was quoted at 120,820 ...
Shanghai Metals Market

Spot trading was sluggish on the delivery day, with attention focused on whether inventory will decline again after delivery. [SMM Southern China Spot Copper]

Today, spot prices of #1 copper cathode in Guangdong against the front-month contract were at a premium of 10-70 yuan/mt, with an average premium of 40 yuan/mt, up 20 yuan/mt from the previous trading ...