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Shanghai Metals Market59m
MMi Daily Iron Ore Report (July 3)
Today, DCE iron ore futures continued to rise, with a significantly expanded increase. The most-traded contract I2509 closed at 733, up 2.45% for the day. Traders actively sold their goods, and ...
Shanghai Metals Market1h
The price of LCO increased this week
Recently, the price of LCO has seen a significant increase due to changes in the cost of raw materials: the price of battery-grade lithium carbonate has continued to rise, and the price of Co3O4 has ...
Shanghai Metals Market1h
Co3O4 producers offered a price of 200,000-220,000 yuan/mt
Currently, Co3O4 enterprises are offering quotes between 200,000-220,000 yuan/mt. Both upstream and downstream players are adopting a wait-and-see attitude, with few actual transactions taking place, ...
Shanghai Metals Market1h
Cobalt chloride enterprises offered quotes of 61,000-63,000 yuan/mt, with a sluggish market.
Currently, cobalt chloride enterprises are offering prices at 61,000-63,000 yuan/mt. The market is sluggish, with only a small volume of transactions. On the supply side, smelters still have a strong ...
Shanghai Metals Market1h
Closing negative with fluctuations, the price spread between domestic and overseas markets inverted and narrowed [SMM BC Copper Commentary]
The SHFE copper 2508 futures contract closed at 80,560 yuan/mt. If we consider the most-traded BC copper 2508 futures contract at 71,760 yuan/mt, its after-tax price is 81,089 yuan/mt. The price ...
Shanghai Metals Market1h
The Minerals Council South Africa opposes the taxation on chrome ore exports and supports the government's policy to boost ferrochrome smelting.
On July 2, 2025, in an official statement, the Minerals Council South Africa (MCSA) reiterated its opposition to the chrome ore export tax. MCSA stated that it fully supports adding value to the ...
Shanghai Metals Market1h
Cost support strengthens, and the spot market sees a slight increase [SMM manganese silicon futures review]
Cost Support Strengthens, Spot Market Edges Up Slightly] The SM2509 contract opened at 5,726 yuan/mt, fluctuated upward after the morning session, and finally closed at 5,712 yuan/mt, up 0.32%. The ...
Shanghai Metals Market1h
Zinc ingot inventory continues to build up, SHFE zinc maintains fluctuating trend [SMM zinc futures brief comment]
Zinc Ingot Inventory Buildup Continues, SHFE Zinc Maintains Fluctuating Trend]: The most-traded SHFE zinc 2508 contract opened at 22,380 yuan/mt. In the early session, it fluctuated rangebound above ...
Shanghai Metals Market1h
Inventory growth in the industrial database is relatively small, and iron ore prices continue to rise [SMM Comment]
The total inventory growth was relatively small, and there was no significant increase. Coupled with the recent optimistic market sentiment, it drove iron ore futures to continue rising. In the short ...
Shanghai Metals Market1h
Arrivals in Xinjiang increased, and the weekly social inventory of silicon metal rose MoM [SMM silicon inventory]
[SMM: Arrivals in Xinjiang Increase, Weekly Social Inventory of Silicon Metal Rises WoW] According to SMM statistics, the total social inventory of silicon metal in major regions was 552,000 mt on ...
Shanghai Metals Market2h
UBS: Raises copper price forecasts for this year and next by 7% and 4% respectively
On July 3 (Thursday), a report released by UBS showed that it had raised its copper price forecasts for 2025 and 2026 by 7% and 4%, respectively, to $4.24 and $4.68 per pound, reversing its earlier ...
Shanghai Metals Market3h
ABZ Helps SMM Compile the "2025 China Wiring and Cabling Production Equipment and Consumables Accessories Procurement Guide"
The Wire and Cable Division of SMM has been deeply involved in the industry for many years and has successfully compiled a distribution map of the cable and copper-aluminum conductor industry, ...