- Nov23
- 01:01
SMM Analysis: October Silver Product Exports Rise Slightly, Imports Decline Sharply
[SMM Analysis: October Silver-Related Product Exports Boosted, Imports Suppressed] In October, the export volume of silver ingots rose slightly by 1.9%, while imports decreased 28.3% MoM; the import volume of silver nitrate decreased 43.9% MoM; the import volume of silver powder decreased 32% MoM, and the export volume increased 89.3% MoM.
- Nov22
- 22:16
Year-End Approach: Preliminary Intentions of South China Traders for Next Year's Long-Term Contracts
As the year-end approaches, what are the preliminary intentions of South China traders regarding the signing of long-term contracts for next year? According to SMM, the overall proportion of long-term contracts signed by companies with import volumes under 100,000 mt this year is around 10% to 50%, with a few companies reaching approximately 70% to 80%. For companies with import volumes between 100,000 mt and 200,000 mt, long-term contracts account for about half of their trade volume...
- 22:11
Die-Casting Zinc Alloy Imports Spike 49.86% MoM in October
[Why did the import volume of die-casting zinc alloy surge in October?] According to customs data, the import volume of die-casting zinc alloy in China surged in October, increasing from 4,047.44 mt in September to 6,065.26 mt in October. Up 49.86% MoM, the cumulative import volume reached 40,764.37 mt by the end of October, with a cumulative YoY of -3.28%...
- 21:50
SMM Hot Topic: 2025 Steel Market Prospects Amid Macro Trends and Capacity Impacts
[SMM Hot Topic: 2025 Steel Market Outlook under Macro & Capacity Influences] In 2024, the central focus of steel price fluctuations further shifted downward, with the annual price low appearing in early September. What new challenges will the steel market face in 2025? How will steel prices fluctuate?
- 21:49
Shandong Fengyuan Chemical Completes 2.25 Million mt LFP Capacity, with More Under Construction
[LFP: Shandong Fengyuan Chemical has completed the construction of 2.25 million mt of LFP capacity] On November 21, 2024, Shandong Fengyuan Chemical stated that the company uses the solid-phase method to produce LFP cathode active materials and has currently completed the construction of 2.25 million mt of capacity. Part of this capacity is in the trial production and capacity ramp-up stage. Additionally, the company is constructing another 750,000 mt of capacity. Based on industry development trends and changes in downstream customer demand, the company will make dynamic adjustments during the capacity construction process. Furthermore, the company has certain technical reserves in the field of sulphide cathode materials for solid-state batteries.
- 21:38
SMM Galvanizing Inspection Tour in Shandong: Enterprise Operating Status in November 2024
[SMM Galvanizing Shandong Tour: How Are the Enterprises Doing?] In November 2024, SMM organized a galvanizing inspection tour in Anhui to investigate the operating rates of the galvanising market. The specific situations of each enterprise are as follows...
- 21:26
China's Nickel Sulphate Imports Decline, Exports Rise YoY in October 2024
According to the latest data from China Customs, in October 2024, China's total imports of nickel sulphate were 2,266 mt (metal content), down 8% MoM and down 26% YoY. China's exports of nickel sulphate were 497 mt (metal content), down 32% MoM and up 18% YoY.
- 20:35
SMM Analysis: Copper Prices Fluctuate While Secondary Raw Material Prices Surge Amid Supply Issues
[SMM Analysis: Copper Prices Fluctuate, Secondary Copper Raw Material Prices Remain High] This week, copper prices first fell, then rose, and fell again, with a decline of 100 yuan/mt. In contrast, secondary copper raw material prices increased due to the persistent supply issues. This week, the price of bare bright copper in Guangdong rose by 200 yuan/mt. According to the SMM survey, Port Klang in Malaysia, the second-largest port in Southeast Asia, has experienced a halt in customs clearance operations since September this year...
- 20:10
SHFE Zinc Forms Bearish Candle, Prices Forecasted to Continue Fluctuating
[SHFE Zinc Records a Bearish Candle, Zinc Prices Expected to Maintain Fluctuating Trend in the Evening]: The most-traded SHFE zinc 2412 contract opened at 25,240 yuan/mt. At the beginning of the session, bulls increased their positions, causing SHFE zinc to fluctuate upward above the daily average line. Subsequently, bulls took profits and exited, leading SHFE zinc to plunge and test a low of 25,135 yuan/mt. During this period, SHFE zinc attempted to rise above the daily average line but ultimately failed and moved downward...
- 19:50
SMM Analysis: Northern China's Environmental Inspections Cause Minor Drop in Secondary Copper Rod Operating Rates
[SMM Analysis: Environmental Protection Inspections in Northern China Lead to Slight Decline in Secondary Copper Rod Operating Rate] According to SMM survey data, the operating rate of secondary copper rod plants this week was 24.26% (surveyed enterprises: 18, capacity: 1.94 million mt/year), down 0.79 percentage points WoW. This week, the average price spread between refined and secondary copper rods was 836 yuan/mt, up 203 yuan/mt compared to last week's 633 yuan/mt. This week, the average discount of secondary copper rod prices in Jiangxi against copper futures was 242 yuan/mt, down 148 yuan/mt WoW...
- 19:37
China's Copper Cathode Imports Surge 11.4% MoM to Annual High in October 2024
[SMM Analysis] In October 2024, China's imported copper cathode reached 359,372 mt, up 11.4% MoM and up 7.7% YoY, hitting the highest level of the year. The opening of the import window in September provided opportunities for October imports, but the proportion of non-registered imports declined to only 57.73%.
- 19:33
Bauxite Inventory Declines at Nine Domestic Ports, Totaling 14.67 Million mt
[Bauxite Port Inventory] According to SMM statistics on November 22, the bauxite inventory at nine domestic ports totaled 14.67 million mt, a decrease of 310,000 mt from the previous week.
- 19:33
Alumina Port Inventory Rises by 3,500 mt to 54,000 mt as of November 22
[Alumina Port Inventory] According to SMM statistics on November 22, the domestic port alumina inventory totaled 54,000 mt, an increase of 3,500 mt compared to the week before the holiday.
- 19:24
US DOE Invests $50 Million in Sodium-ion Battery Research Over Five Years
[Overseas Sodium Battery: US $50 Million Investment in Sodium Battery] On November 22, 2024, according to the official website of the Argonne National Laboratory, the US Department of Energy (DOE) has allocated $50 million over the next five years to establish the Low-cost Earth-abundant Sodium-ion Storage (LENS) Alliance.
- 19:08
SMM Analysis: NextEra Energy Resources Seeks Approval for 1.2 GWh Battery Storage System in California to Bypass City Moratoriums
[SMM Analysis] NextEra Energy Resources is currently seeking approval from California state regulators to build a 1.2 GWh battery energy storage system (BESS) aimed at circumventing certain city moratoriums.
- 19:02
SMM Analysis: Philippine Nickel Market Faces Price Negotiations Amid Supply Challenges and Typhoon Impacts
[SMM Analysis: Indonesian & Philippine Nickel Market—Price Negotiations and Supply Challenges] This week, the Philippine nickel ore market continued to exhibit back-and-forth negotiations between upstream and downstream. Despite a decline in domestic high-grade NPI prices, the FOB and CIF prices of medium-grade Philippine laterite nickel ore did not follow suit. Recent typhoons and the rainy season in the Philippines further impacted the supply of nickel ore, with some shipments planned for November possibly being delayed until December. Consequently, the supply of Philippine laterite nickel ore is expected to remain very limited. Against this backdrop, market expectations for a price drop in Philippine nickel ore may be postponed, and short-term price negotiations are expected to persist. Although downstream smelters still have a demand for raw material inventory, their purchasing enthusiasm is relatively weak due to cost factors.
- 18:54
Yingna NFPP Sodium Battery Project: Bid Evaluation Completed, Jiangsu Koen Wins
【Sodium Battery: Progress of Yingna NFPP Project】On November 18, 2024, information from Yingna's official account. The bid evaluation for the procurement project of the 54-meter 6-row double-layer kiln outer line by Changxing Yingna New Energy Materials Co., Ltd. has been successfully completed, and the winning bidder has been determined: Jiangsu Koen.
- 18:50
Zhongna Collaborates with SMA to Develop Integrated Sodium Battery PV Energy Storage System
【Sodium Battery Cathode: Zhongna Collaborates with SMA to Develop NFS Sodium Battery PV Energy Storage Integrated Application】On November 21, 2024, according to information from Zhongna's official account, Zhongna Energy has become the designated R&D partner of SMA Solar Technology AG (abbreviated as SMA), a globally renowned provider of solar system solutions and services. Both parties will fully leverage the unique advantages of the sodium iron sulphate battery system in terms of low-temperature resistance, high safety, and low cost. They will jointly develop a new type of sodium battery PV energy storage integrated system, promoting the application of sodium iron sulphate technology in global PV energy storage integration scenarios, thereby opening new directions for the high-quality development of the global energy storage market.
- 18:45
Lead Prices Expected to Fluctuate Amid Supply Constraints and Demand Stalemate
Due to the impact of air pollution, secondary lead smelters repeatedly reduce or halt production, and primary lead enterprises have new maintenance activities. The limitations on ingot supply are expected to support a trend of fluctuating upward lead prices. Meanwhile, the month-end inventory checks by downstream enterprises, which typically lead to production adjustments, may slow down purchasing activities next week. Against the backdrop of a supply and demand stalemate, lead prices are expected to remain in a consolidation phase...
- 18:30
SMM Brief: Iron Ore Market Fluctuations and Potential Medium-Term Rebound
[SMM Brief Analysis: When Will the Fluctuating Iron Ore Market See a Turnaround?] In the short term, the fluctuating iron ore market will continue. In the medium term, there are opportunities for a rebound. It is recommended to closely monitor macro policy developments and off-season end-use demand data performance...
- 18:24
National Nickel Ore Inventory Drops Slightly, Impact of Weather on Philippine Shipments Persists
On November 22, the national port inventory of nickel ore slightly decreased by 92,000 wmt compared to November 15, reaching 10.218 million wmt. The total equivalent metal content was 80,210 mt in metal content. In the Philippines, although the impact of weather conditions in the northern region on the shipping efficiency of laterite nickel ore has weakened during the week, it is expected that wind factors will continue to impose certain restrictions on shipments in major nickel ore production areas.
- 18:23
Iron Ore Prices Forecast to Fluctuate Next Week Amid Stable Supply and Potential Output Increase
[SMM Iron Ore Weekly Report] Looking ahead to next week, in terms of supply, it is expected to remain stable, with overall shipments continuing at a medium-high level. Port arrivals may slightly decrease. On the demand side, seasonal impacts are currently minimal, and some steel mills are expected to resume production after maintenance, leading to a potential increase in pig iron output next week. The industrial sector has not yet shown a clear downward trend, and further observation is needed. From a macro perspective, next week is an information vacuum period with no significant risk factors. Overall, iron ore prices are expected to fluctuate rangebound next week...
- 18:17
SMM Weekly Survey: Aluminum Downstream Operating Rate Rises Amid Export Rush, Sustained Growth Uncertain
[SMM Weekly Survey on Aluminum Downstream: "Rush for Export" Boosts This Week's Aluminum Downstream Operating Rate, Sustained Growth Momentum Difficult to Maintain] This week, the operating rate of leading domestic aluminum downstream processing enterprises increased by 0.4 percentage points compared to last week, reaching 63.4%.
- 18:07
SMM Analysis: Refined Tin Smelter Operating Rates in Yunnan & Jiangxi Decline Slightly, Raw Material Supply Tightens
[SMM Analysis: Operating Rates of Refined Tin Smelters in Yunnan and Jiangxi Dropped Back Slightly, Raw Material Supply Continues to Tighten]: Based on processing data obtained from in-depth market exchanges by SMM, as of this Friday, we observed a certain degree of stability in the operating rates of refined tin smelters in Yunnan and Jiangxi provinces...
The local prices are expected to be released soon, stay tuned!
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