[SMM Morning Meeting Summary: US CPI Data Unexpectedly Falls Below Expectations, Bullish for Copper Prices] On May 13, spot prices of SMM #1 copper cathode against the 2505 contract for the current month were reported at a discount of 40 yuan/mt to a premium of 20 yuan/mt, with an average price at a discount of 10 yuan/mt, up 5 yuan/mt from the previous trading day. As the delivery deadline approaches, warrant inventories saw minimal increase the day before, but with traders' purchase sentiment rising, warrant volumes are expected to...
[SMM Silicon-Based PV Morning Meeting Summary] Polysilicon: In May, polysilicon production declined slightly by around 2,000 mt MoM, with multiple enterprises cutting production. On the 14th, an industry meeting was held again, with market attention focused on whether the negotiated production cuts would be implemented. Wafer: In May, wafer production by enterprises declined by around 3 GW MoM, with individual specialized enterprises further cutting production in the near term, leading to a continued decrease in output.
US dollar weakens, LME zinc rises rapidly [SMM Zinc Morning Comment]
[SMM Zinc Morning Comment] Overnight, the LME zinc contract recorded a long lower shadow bullish candlestick, with the 5-day daily average providing support below. As the US CPI data fell short of expectations, the US dollar pulled back, and LME zinc prices rose.