Metal1m
The Chinese New Year Holiday Is Approaching, and the Market Atmosphere Is Quiet [SMM North China Spot Copper]
Today, spot copper cathode in North China was quoted at a discount of 350-270 yuan/mt against the front-month contract, with an average discount of 310 yuan/mt, unchanged from the previous trading day ...
Metal15m
Secondary Lead: Weak Supply and Demand in the Spot Market, Refined Lead Transactions Sluggish Today [SMM Lead Midday Review]
Review: Weak Supply and Demand in the Spot Market, Refined Lead Transactions Sluggish Today] SMM, January 24: Today, the SMM 1# lead average price increased by 50 yuan/mt compared to yesterday, ...
Metal25m
The Market Was Quiet on the Penultimate Trading Day Before the Holiday, with Only Sporadic Transactions [SMM South China Spot Copper]
Today, spot #1 copper cathode in Guangdong was quoted at a discount of 350 yuan/mt to parity against the front-month contract, with an average discount of 175 yuan/mt, unchanged from the previous ...
Metal1h
Chinese New Year Holiday Arrives, Operating Rate of Copper Wire and Cable Enterprises Drops Sharply [SMM Analysis]
Holiday Arrives, Operating Rates of Copper Wire and Cable Enterprises Drop Significantly] This week (1.17-1.23), the operating rate of SMM copper wire and cable enterprises stood at 42.84%, down 18.1 ...
Metal2h
Lead Prices Stabilize Amid Weak Supply and Demand Before the Holiday; Social Inventory Continues to Decline [SMM Lead Morning Meeting Summary]
Lead Prices Stabilize Amid Fluctuations as Pre-Holiday Supply and Demand Weaken, Social Inventory Continues Downward Trend] With the arrival of the Little New Year in both northern and southern ...
Metal2h
US Tariff Policy Pressure on Metal Prices, Spot Market Transactions Nearly Stalled [SMM Tin Morning Brief]
US Tariff Policy Pressures Metal Prices; Spot Market Transactions Nearly Stalled [SMM Tin Morning Brief] Recently, former US President Trump claimed that the US government is considering imposing a 10 ...
Metal2h
Overseas Alumina Prices Continue to Decline, Domestic Alumina Price Difference Between North and South China Narrows [SMM Morning Comment on Alumina]
Futures Market: During the night session, the most-traded alumina 2502 contract opened at 3,668 yuan/mt, hit a high of 3,689 yuan/mt and a low of 3,641 yuan/mt, and finally closed at 3,660 yuan/mt, ...
Metal2h
Trump Makes Interest Rate Cut Remarks, Copper Prices Edge Up Overnight [SMM Copper Morning Meeting Summary]
【SMM Copper Morning Brief】News: (1) US President Trump stated that he would demand the US Fed to cut interest rates immediately and urged Saudi Arabia and OPEC to lower oil prices.
Metal1h
Spot Market Transactions Remain Sluggish as Raw Material Stocking Is Basically Completed [SMM Nickel Morning Meeting Summary]
Nickel Morning Meeting Summary] Spot Premiums/Discounts: Today, the mainstream spot premiums for Jinchuan No.1 nickel were quoted in the range of 1,900-2,100 yuan/mt, with an average premium of 2,000 ...
Metal2h
Trump Urges US Fed to Cut Interest Rate, but Tariff Policy Remains Unclear; Copper Prices Edged Up Overnight [SMM Morning Comment on Copper]
Trump Calls for Interest Rate Cut but Tariff Policy Remains Unclear; Copper Prices Edge Up Overnight] Macro side, Thursday's data showed that new US jobless claims rose only slightly last week, ...
Metal2h
Futures Prices Plunged Sharply, Spot Market Trading Relatively Sluggish [SMM Nickel Spot Midday Review]
[Futures Prices Dropped Sharply, Spot Market Transactions Were Relatively Quiet] Today, the mainstream spot premiums quotation range for Jinchuan No.1 Nickel was 1,900-2,100 yuan/mt, with an average ...
Metal15h
The Grand Drama of the Copper Market in 2025 Unfolds: Macro, Inventory, or Supply—Who Will Be the "Protagonist" This Year? [SMM Special]
JPMorgan stated that the medium-term fundamentals for copper and aluminum remain bullish, expecting a V-shaped recovery in ...