Latest Update in the SMM Artificial Graphite Market

[SMM Analysis] SMM has learned that Beijing Hybos Technology Co., Ltd. disclosed its prospectus on January 8, 2025, officially initiating the issuance process and is expected to conduct online and offline subscriptions on January 16.

​With Gasgoo Daily, we will offer daily important automotive news in China.

[SMM Weekly Survey on Aluminum Downstream: Impact of Regional Environmental Protection Inspections Weakens, Plate/Sheet, Strip and Foil Production Rebounds but Overall Downtrend Persists] This week, the operating rate of leading domestic aluminum downstream processing enterprises continued to decline, dropping 0.1 percentage points WoW to 60.3%.

[Zinc Ingot Inventory Continues to Decline, SHFE Zinc Rebounds from Low Levels]: The most-traded SHFE zinc 2502 contract opened at 23,945 yuan/mt, initially dipped to 23,875 yuan/mt, then slowly climbed above the daily moving average, reaching a high of 24,195 yuan/mt near the session's end, and finally closed higher at 24,110 yuan/mt...

US ADP employment data fell short of expectations, and signs of a cooling labour market may lead the US to keep interest rates unchanged in January despite persistently high inflation. However, underlying inflation and pressure on US Treasury bonds remain. During the day, the US dollar index climbed back above 109 points before dropping back slightly. After the Asian session, LME copper rose from around $9,050/mt to approximately $9,100/mt.

[SMM Analysis: Weekly LFP Price Analysis] This week, the LFP market prices showed signs of stabilizing and slightly increasing, with an overall average rise of about 130 yuan/mt. The main reason for the price increase this week was the significant upward trend in lithium carbonate prices, which rose by approximately 600 yuan/mt.