News

Shanghai Metals Market13h
Expectations of an interest rate cut boost BC copper, with the SHFE copper price spread inversion expanding further [SMM BC Copper Commentary]
The SHFE copper 2509 contract closed at 79,020 yuan/mt. If based on the most-traded BC copper 2509 contract price of 70,200 yuan/mt, its after-tax price would be 79,326 yuan/mt. The price spread ...
Shanghai Metals Market10h
CALB, GOVY deepen partnership to advance eVTOL battery technology in China's low-altitude aviation push
On August 8, CALB and Guangdong GOVY Technology Co., Ltd. signed an agreement to strengthen their strategic partnership, pledging deeper collaboration in the eVTOL (electric vertical take-off and land ...
Shanghai Metals Market12h
The futures of manganese silicon fluctuate at highs. Pay attention to the pricing of mainstream steel tenders. [SMM Manganese Silicon Futures Review]
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database ...
Shanghai Metals Market12h
The off-season in the enamelled wire industry continues, with both YoY and MoM declines in operating rate in July
According to SMM, the composite operating rate of the enamelled wire industry in July was 67.25%, down 2.68 percentage points MoM and 0.54 percentage points YoY. By enterprise size, the operating rate ...
Shanghai Metals Market12h
Magnesium prices stabilized at highs today, supported by low inventory [SMM spot magnesium ingot report]
SMM reported on August 11 that today, the factory ex-works quotations for magnesium ingots in the Fugu region remained stable at 17,300-17,400 yuan/mt, with an average price of 17,350 yuan/mt, ...
Shanghai Metals Market13h
MMi Daily Iron Ore Report (August 11)
Today, Dalian iron ore futures held up well, with the most-traded contract rolling over to the I2601 contract, closing at 789, up 1.94% for the day. Traders actively sold off their inventory, while ...
Shanghai Metals Market12h
Several indicators of the auto market hit new highs again in July; CPCA raises forecast for 2025 retail sales and exports [SMM Special Report]
Reviewing July's auto market sales, BYD, the "EV leader," sold 344,300 units, up 0.56% YoY, with slowing growth, and down 10.01% MoM. From January to July, cumulative sales reached 2.4902 million ...
Shanghai Metals Market13h
Macro support remains, SHFE zinc maintains high levels [SMM zinc futures brief comment]
[Macro Boost Remains, SHFE Zinc Maintains High Level]: The most-traded SHFE zinc 2509 contract opened at 22,550 yuan/mt. In the early session, SHFE zinc dipped to 22,525 yuan/mt, then fluctuated ...
Shanghai Metals Market13h
Market sentiment is optimistic, and iron ore prices hold up well [SMM Comment]
Today, DCE iron ore futures held up well, with the most-traded contract rolling over to the I2601 contract, closing at 789, up 1.94% for the day. Traders were actively selling, while steel mills ...
Shanghai Metals Market10h
Geely Galaxy A7 secures over 10,000 units of fixed orders within a day of market launch
Power comes from Geely's NordThor EM-i super hybrid system, pairing a 1.5-liter naturally aspirated engine (82 kW, 136 Nm) with an electric motor. The setup delivers a combined driving range of over 2 ...
Shanghai Metals Market17h
There was a strong wait-and-see sentiment at the beginning of the week, and the price of EMM remained stable temporarily [SMM EMM Daily Review]
Strong wait-and-see sentiment at the beginning of the week, EMM prices remain stable] The average spot price of EMM in major producing areas was 13,500-13,600 yuan/mt, unchanged MoM; the average FOB ...
Shanghai Metals Market13h
Xianglu Tungsten raises long-term contract prices for the first half of August
According to news from Guangdong Xianglu Tungsten Industry on August 11: The unit prices (including VAT) of long-term contracts for tungsten raw materials in the first half of August at Guangdong ...