Shanghai Metals Market

Tungsten raw material market supply tightens sharply at year-end Tungsten market surges consecutively [SMM Tungsten Daily Review]

Tungsten Raw Material Market Supply Tightened Sharply at Year-End, Tungsten Market Surged Continuously] This week, the tungsten market continued its surge. Approaching year-end, ore supply dropped ...
Shanghai Metals Market

Secondary Lead: Suppliers of Refined Lead Show Weak Quotation Willingness, Downstream Enterprises Remain Cautious and Adopt a Wait-and-See Approach [SMM Lead Midday Review]

Today's SMM #1 lead average price fell by 25 yuan/mt to 16,725 yuan/mt. Spot orders for secondary refined lead were limited, and suppliers showed weak willingness to quote. Mainstream tax-inclusive ex ...
Shanghai Metals Market

Silver Prices Continue to Hold Up Well, Downstream Remains Cautious of High Prices, Spot Market Trading Sluggish Unchanged [SMM Daily Review]

During the day, silver prices continued their upward trend, and after the spot-futures price spread of the TD-the most-traded SHFE silver 2602 contract widened, some suppliers planned to switch to ...
Shanghai Metals Market

[SMM Nickel Midday Review] Nickel Prices Continue to Rebound on December 18, US Fed Governor Waller Says There Is Still Room to Cut Interest Rates

The most-traded SHFE nickel contract (2601) rose slightly during the night session before pulling back, fluctuating in the morning session, closing at 113,470 yuan/mt, up 0.66%.
Shanghai Metals Market

The most-traded SHFE tin futures contract maintains fluctuating trend. Overseas inventories accumulation suppresses LME prices [SMM Tin Midday Review]

The most-traded SHFE tin contract maintains fluctuating trend, overseas inventories accumulation suppresses LME price] ...
Shanghai Metals Market

Suppliers cut prices to destock, spot premiums/discounts fall to low levels [SMM North China spot copper]

In North China today, spot prices of #1 copper cathode against the front-month contract were at a discount of 400-320 yuan/mt, averaging a discount of 360 yuan/mt, down 20 yuan/mt from the previous ...
Shanghai Metals Market

[SMM Analysis] Weak Downstream Procurement Demand Leads to Decline in Nickel Salt Prices

As of Thursday this week, the SMM battery-grade nickel sulphate index price stood at 27,121 yuan/mt, with the quotation range for battery-grade nickel sulphate at 27,380-27,480 yuan/mt. The average ...
Shanghai Metals Market

Weakening Demand from Tyre Factories? Future Export Obstacles? How Will the Zinc Oxide Market Develop Next?

According to SMM communications and research, China's zinc oxide operating rate recorded 48.34% in November, up 0.18 ...
Shanghai Metals Market

Shanghai Hydrogen-Based Energy Industry Alliance Officially Established | 16 Enterprises Jointly Build an Industry Innovation Hub

On December 8, the inaugural meeting of the Shanghai Hydrogen-based Energy Industry Alliance, hosted by Shanghai Institute, a subsidiary of PowerChina, concluded successfully. The alliance was ...
Shanghai Metals Market

Macro Positive Support Combined with Supply Disruptions, Multiple Positive Factors Keep Aluminum Prices Fluctuating at Highs [SMM Aluminum Morning Meeting Minutes]

Macro Support and Supply Disruptions Bolster Aluminum Prices to Fluctuate at Highs] Overall, overseas production reduction risk and domestic capacity ceilings will support aluminum prices, with ...
Shanghai Metals Market

World's First Hydrogen-Powered Joined-Wing VTOL UAV Successfully Completes Maiden Flight | Equipped with Yihydrogen Power Hydrogen System

On December 5, a hydrogen-powered connected-wing vertical takeoff and landing (VTOL) drone, equipped with the world's first 2kW closed-type air-cooled fuel cell system developed by E-Hydrogen Power, ...
Shanghai Metals Market

China's first civilian hydrogen liquefaction plant obtains safety production license, Zhongke Fuhai achieves key breakthrough in liquid hydrogen industrialisation.

Recently, the National First Civil Hydrogen Liquefaction Plant, constructed and operated by Fuyang Zhongke Fuhai Hydrogen Energy Technology Co., Ltd. (a wholly-owned subsidiary of China's unicorn ...