Latest Update in the SMM Energy Storage Market

【SMM SiMn Alloy Futures Review: Futures Fluctuate Upward, SiMn Alloy Market Temporarily Stable】 The SM2505 contract opened at 6,324 yuan/mt, fluctuated upward after the morning session, and finally closed at 6,356 yuan/mt, up 0.44%. The daily high was 6,372 yuan/mt, and the low was 6,262 yuan/mt. Trading volume reached 295,030 lots, and open interest stood at 418,301. Raw material side, the manganese ore market quotations appeared slightly chaotic, with mixed high and low prices, while manganese ore prices remained temporarily stable. Spot side, SiMn alloy producers showed weak willingness to actively quote, with manganese ore costs still providing support, and SiMn alloy holders showing weak willingness to sell at low prices. Demand side, mainstream steel tenders entered the market, but steel mills showed weak enthusiasm for SiMn alloy procurement and mostly maintained a wait-and-see attitude.

[SMM BC Copper Commentary: Afternoon Futures Market Rose, BC Copper Most-Traded Contract Closed Higher] SMM, March 5: Today, the most-traded BC copper 2504 futures contract fluctuated considerably, opening at 68,560 yuan/mt, closing with a bullish candlestick intraday, with the lower shadow piercing the Bollinger mid-band...

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 5 Mar, 2025

[SMM Daily Review on EMM: Market Quotations Slightly Confused, Spot Prices Temporarily Stable] The average spot price of EMM in major production areas was 13,300-13,500 yuan/mt, flat MoM; the average FOB price was $1,845-1,875/mt, also flat MoM. Affected by the alliance meeting, the market remained largely in a wait-and-see mode. Many EMM plants held back from selling, while some EMM quotations remained at high levels, with weak willingness to sell at low prices. Other traders' quotations were slightly confused, and some holders, fearing a downward fluctuation in the EMM market, sold at low prices. However, most EMM holders maintained stable quotations. Downstream buyers were active in inquiries, but actual transactions were sluggish.

Nickel prices fluctuated considerably during the early trading session today. The mainstream spot premiums quotation range for Jinchuan Nickel No.1 was 1,500-1,700 yuan/mt, with an average premium of 1,600 yuan/mt, up by 50 yuan compared to the previous trading day. The premiums and discounts quotation range for Russian nickel was -100 to 0 yuan/mt, with an average discount of -50 yuan/mt, also up by 50 yuan from the previous trading day.

In February 2025, the Inventory Alert Index for Chinese automobile dealers reached 56.9%, representing a year-on-year decrease of 7.2 percentage points and a month-on-month decline of 5.4 percentage p...

On March 4, Shanghai Baolong Automotive Corporation and BASF (China) Co., Ltd. signed a strategic cooperation agreement in Shanghai, aiming to drive innovation in automotive materials development and ...

【ADC12 Daily Price Review: Aluminum Prices Fluctuate Rangebound, Secondary Aluminum Prices Remain Stable】Today, aluminum prices continued a slight correction, with SMM A00 aluminum prices decreasing by 50 yuan from the previous trading day to 20,550 yuan/mt, while secondary aluminum prices remained stable. Manufacturers generally reported weak order growth and poor actual transactions, leading to frequent low-price occurrences in the market. The weak demand side continues to constrain the upside room for ADC12 prices, which are expected to fluctuate rangebound in the short term.