News

Shanghai Metals Market1h
Building Copper Industry Service Ecosystem to Address Pain Points
Copper Industry Conference & Copper Industry Expo – Electrical Power Transmission and Distribution Industry Forum, Dong ...
Shanghai Metals Market1h
Opportunities and Challenges for Brass Bars and Ingots in the Sanitary Ware Industry
Copper Industry Conference & Copper Industry Expo – Copper Pipe and Billet Processing Industry Development Forum, Lao Xicai, ...
Shanghai Metals Market21m
Market participants are mostly waiting for the progress of steel tenders, with spot prices remaining stable for the time being. [SMM EMM Daily Review]
Review: Market Awaits Progress of Steel Tenders, Spot Prices Remain Stable] The average spot price of EMM in major producing areas is 13,350-13,500 yuan/mt, unchanged MoM; the average FOB price is $1, ...
Shanghai Metals Market18m
SiMn market transactions are sluggish, with spot prices still in the doldrums. [SMM SiMn Daily Review]
Review: Sluggish Trading in SiMn Market, Spot Prices Remain in the Doldrums] In the northern market, the price of SiMn alloy 65/17 (cash) is 5,550-5,650 yuan/mt, down 50 yuan/mt WoW from last ...
Shanghai Metals Market32m
Anticipated Tariff Easing Boosts Market Sentiment, Stainless Steel Market Awaits Price Increases [SMM Stainless Steel Spot Daily Review]
Tariff Easing Expectations Boost Market Sentiment, Prices Explore Upside] SMM reported on May 7 that news of China-US negotiations emerged today, signaling expectations of a de-escalation in the ...
Shanghai Metals Market7h
In April, smelter maintenance and production resumptions occurred simultaneously, leading to a slight decline in silver production
The latest data from SMM indicates that in April 2025, silver production declined slightly by 1% MoM and also decreased ...
Shanghai Metals Market23m
Futures market fluctuates downward, spot price drops slightly [[SMM Manganese Silicon Futures Review]]
Futures Market Fluctuates Downward, Spot Prices Drop Slightly] The SM2509 contract opened at 5,602 yuan/mt. After the morning session, it fluctuated downward and eventually closed at 5,598 yuan/mt, ...
Shanghai Metals Market43m
Pig iron production remains at a high level, but may decline in the future
According to SMM survey of 50 EF steel mills that mainly produce construction steel, their operating rates was 40.94%, down 1.26 percentage points WoW, as of March 19.
Shanghai Metals Market45m
Market Expects Weakening Consumption, Downside Risks in Prices Remain [SMM Aluminum Futures Brief Commentary]
Today, the most-traded SHFE aluminum 2506 contract opened at 19,770 yuan/mt, with a high of 19,905 yuan/mt, a low of 19,415 yuan/mt, and closed at 19,465 yuan/mt, down 2.04%. Trading volume was ...
Shanghai Metals Market1h
Goldman Sachs' Chief Says: The Only Sure Trade Right Now - Short the US Dollar, Long Gold!
Hatzius, chief economist at Goldman Sachs, has been inconsistent in his recent recession forecasts. He attempted to restore his credibility with a recent report, employing the economists' common ...
Shanghai Metals Market2h
Central Bank: Starting from May 15, the reserve requirement ratio (RRR) for financial institutions will be lowered by 0.5 percentage point
To implement the spirit of the Central Economic Work Conference and the arrangements outlined in the Report on the Work of the Government, and to implement a moderately loose monetary policy to ...
Shanghai Metals Market2h
Central Bank: Reduce personal housing provident fund loan interest rates by 0.25 percentage points starting from May 8
The People's Bank of China (PBOC) issued a notice regarding the reduction of interest rates for personal housing provident fund loans.