The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Oct 17, 2024

Since the start of 2024, the global alumina market has faced constant supply disruptions, leading to a steady price increase. On October 14, the Shanghai Futures Exchange’s (SHFE) main alumina contract hit an all-time high, with prices reaching 4,818 yuan/ton during the day and closing at 4,815 yuan/ton. In the night session, it climbed even further to....

According to SMM data,In September 2024, the total production of overseas ternary cathode materials was 28,750 mt, down 10% MoM from August. In terms of regional distribution, South Korea accounted for 74%, Japan 20%, and Europe and other regions 6%.

According to SMM's tracking of 1-10kV general industrial and commercial electricity prices, in October, 14 regions nationwide had a maximum peak-valley electricity price spread exceeding 0.7 yuan/kWh. Entering September, as autumn arrived across the country, except for Shandong, Hubei, and Hebei, other regions no longer implemented critical peak period electricity prices. Additionally, Shanghai, Jiangxi, and Shandong began implementing deep valley period electricity prices (Shanghai and Jiangxi are piloting deep valley period electricity prices during major holidays).

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Oct 16, 2024