News

Shanghai Metals Market3h
Phosphate Ore Capacity Expands Due to New Energy Demand, but Tight Balance in Supply and Demand May Persist
In the short term, the supply and demand of phosphate ore will remain in a tight balance, with prices supported by new energy ...
Shanghai Metals Market48m
Stainless steel inventory has declined for five consecutive weeks, and the macro boosting effect remains. Traders are offering discounts to facilitate transactions. [SMM Analysis]
SMM reported on August 7 that during this week (August 1-7, 2025), the total inventory in the two major stainless steel markets of Wuxi and Foshan showed a destocking trend, declining from 966,200 mt ...
Shanghai Metals Market5h
Operating rates of copper pipe & tube producers further declined
The raw material inventory ratio of copper pipe & tube enterprises in July was 4.09%, up 0.10 percentage points MoM. Copper ...
Shanghai Metals Market2h
ARCFOX T1 SUV's first mass-produced units roll off assembly line
Beijing (Gasgoo)- On August 5, ARCFOX, a new energy vehicle brand under BAIC Group, announced via its WeChat account that the first production units of its small-sized SUV, the T1, have officially ...
Shanghai Metals Market23h
Announcement on the European P1020A aluminium premium price [SMM Price Announcement]
Market Significance and Publication Scope of the European Aluminium P1020A Spot Premium; The Rotterdam P1020A premium is one ...
Shanghai Metals Market3h
Market trading is sluggish, and producers' reluctance to budge on prices has increased [SMM magnesium ingot spot cargo bulletin]
SMM reported on August 7 that today, the ex-factory quotation for magnesium ingots in the Fugu area was 17,200-17,300 yuan/mt, with an average price of 17,250 yuan/mt, up 150 yuan from the previous ...
Shanghai Metals Market4h
Weak demand has led to increased inventory pressure, and the titanium dioxide market is operating under pressure [SMM Spot Titanium Report]
Weak Demand Leads to Increased Inventory Pressure, Titanium Dioxide Market Under Pressure] SMM reported on July 22 that today's rutile titanium dioxide was quoted at 11,500-12,000 yuan/mt, unchanged ...
Shanghai Metals Market4h
Overseas macro and fundamentals continue to gain momentum, with SHFE zinc recording a five-day winning streak [SMM zinc futures brief comment]
Overseas macro and fundamentals continue to drive, SHFE zinc records five-day winning streak] The most-traded SHFE zinc 2509 contract opened at 22,480 yuan/mt. After the opening, bears reduced their ...
Shanghai Metals Market4h
The price of high-grade NPI is expected to be generally stable with slight rise, and the discount against refined nickel may narrow
In July 2025, the average discount of high-grade NPI to refined nickel was 309.13 yuan per mtu, an increase of 28.59 yuan per ...
Shanghai Metals Market4h
MMi Daily Iron Ore Report (August 7)
Today, Dalian iron ore futures fluctuated rangebound, with the most-traded contract I2509 closing at 793, down 0.25% for the day. Traders sold goods according to market conditions, while steel mills ...
Shanghai Metals Market4h
ADC12 aluminum alloy prices rose, supported by the shortage of aluminum scrap[SMM analysis]
This week, the domestic aluminum scrap market saw a strong upward trend overall, with the price center rebounding significantly. Spot primary aluminum prices continued to rise, and as of August 7, the ...
Shanghai Metals Market5h
Macro disturbances intertwined with the tug-of-war between sellers and buyers, SHFE tin seeks direction amidst volatility [SMM tin futures brief comment]
Macro Disruptions and Tug-of-War Between Sellers and Buyers Intertwine as SHFE Tin Seeks Direction Amidst Volatility] On August 7, 2025, the most-traded SHFE tin contract (SN2509) exhibited a trend of ...