- Dec23
- 10:57
Xiamen Construction Steel Prices Rise 10-30 in Morning Session on 23rd
[SMM Steel] Xiamen Construction Steel on the 23rd: Mainstream quotations in the spot market rose by 10-30 in the morning session, with mainstream prices for Sansteel rebar at 3,570 and coiled rebar at 3,760. For detailed quotations of various brands in the Xiamen region, please visit the SMM official website: https://steel.smm.cn/steel/020?city=28 for free access.
- 10:55
Fuzhou Construction Steel Prices Rise 20-30 in Early Trading on 23rd
[SMM Steel] Fuzhou Construction Steel on the 23rd: In the early trading session, mainstream quotations in the spot market increased by 20-30. Mainstream prices for Sansteel rebar were 3,550, and coiled rebar were 3,760. For detailed quotations of various brands in the Fuzhou region, please visit the SMM website: https://steel.smm.cn/steel/020?city=26 to view for free.
- 10:50
[SMM Steel] Zhengzhou Construction Materials: Spot Market Quotes Stable on 23rd
[SMM Steel] Zhengzhou Construction Materials on the 23rd: Mainstream quotations in the spot market remained stable in the morning session, with mainstream rebar prices at 3,420-3,460. For detailed quotations of various brands in the Zhengzhou region, please visit the SMM official website: https://steel.smm.cn/steel/020?city=38, to view for free.
- 10:35
[SMM Steel] Hefei Construction Materials: Spot Market Prices Stable, Rebar Prices at 3,470-3,530
[SMM Steel] Hefei Construction Materials on the 23rd: Mainstream quotations in the spot market remained stable in the morning session, with mainstream rebar prices at 3,470-3,530. For detailed quotations of various brands in the Hefei region, please visit the SMM website: https://steel.smm.cn/steel/020 for free access.
- 10:23
China's Ferromolybdenum Exports Surge 77.05% MoM in November 2024, Imports Up 91.20%
In November 2024, China's ferromolybdenum exports reached 1,247.5 mt, up 77.05% MoM, while imports totaled 1,000 mt, up 91.20% MoM.
- 10:21
SMM Analysis: November 2024 Sees Mixed Lead Export-Import Trends
[SMM Analysis: Frequent News on Imported Lead in the Market - Is the Import Window Open Now?] SMM, December 23: According to customs data, export situation: In November 2024, the export volume of refined lead was 2,110 mt (up 11.84% MoM, down 85.44% YoY); from January to November, the total export volume of refined lead and lead materials was 39,978 mt, with a cumulative YoY decrease of 78.93%. Import situation: In November 2024, the import volume of refined lead was 815 mt, and the import volume of lead alloy was 8,125 mt; from January to November, the total import volume of refined lead and lead materials was 206,398 mt, with a cumulative YoY increase of 333.16%.
- 10:20
China's Molybdenum Oxide Exports Decline 21.65% MoM in November 2024, Imports Rise 11%
In November 2024, China's molybdenum oxide exports were 1,111.45 mt, down 21.65% MoM, while imports were 333 mt, up 11% MoM.
- 10:16
China's Molybdenum Concentrate Imports Surge 59.24% MoM, Exports Jump 288.30% MoM in November 2024
In November 2024, China's imports of molybdenum concentrate reached 8,134.51 mt, up 59.24% MoM; exports were 1,653.86 mt, up 288.30% MoM.
- 10:12
[SMM Steel] Xi'an Steel Market Stable with Rebar at 3,350
[SMM Steel] Xi'an Construction Materials on the 23rd: Mainstream quotations in the spot market remained stable during the morning session, with mainstream rebar prices at 3,350. For detailed quotations of various brands in the Xi'an region, please visit the SMM website: https://steel.smm.cn/steel/020?city=44 to view for free.
- 10:06
Imported Ore Profits Decline Amid Weak Fundamentals and Declining Inventory
According to the SMM Imported Ore Cost and Profit Table, the profit of imported ore continued to show a downward trend. As of December 20, the total inventory monitored by SMM at 35 ports was 145.85 million mt, down 810,000 mt WoW but up 30.23 million mt YoY. The daily port pick-up volume of imported ore averaged 3.132 million mt, down 109,000 mt MoM but up 670,000 mt YoY. Affected by annual maintenance at some steel mills and the pressure of environmental protection-driven production restrictions, pig iron production declined significantly. Coupled with falling ore prices, steel mills' purchase willingness weakened, leading to a notable drop in port pick-up volume. Looking into next week, the fundamentals of iron ore are expected to remain weak, with iron ore prices likely to continue fluctuating downward. The profit of imported ore is also expected to have some room for further decline.
- 09:59
Aluminum Inventory Update: Decrease in Ingots, Increase in Billets as of December 23
December 23 News: According to SMM statistics, as of December 23, the social inventory of aluminum ingots in major domestic consumption areas was 503,000 mt, a decrease of 25,000 mt WoW; the inventory of aluminum billets in major domestic consumption areas was 99,000 mt, an increase of 9,900 mt WoW.
- 09:54
[SMM News Flash] Shandong Secondary Lead Smelters Halt Production Amid Reissued Environmental Controls
[SMM News Flash] Secondary lead smelters in Shandong Province reported that environmental protection-related controls were reissued, and production was halted last night.
- 09:52
Bamboo Transformed into Hard Carbon Anode Material for Sodium-Ion Batteries in Hunan
[Bamboo Transformed Into New Material] With the rapid development of the new energy industry, the market demand for sodium-ion batteries is continuously increasing. In Hunan, leveraging its abundant bamboo resources, efforts have begun to explore the use of this environmentally friendly and renewable material to enhance the storage capacity and cycle life of sodium-ion batteries. To promote innovative development in the bamboo industry, Hunan has allocated 66 million yuan in special funds to support research and other projects. In Yueyang, after a series of processing procedures, bamboo has been converted into hard carbon anode material for the production of new energy batteries.
- 09:51
[SMM News Flash] Heavy Pollution Alert Triggers Production Cuts for Secondary Lead Smelters in Anhui
[SMM News Flash] Secondary lead smelters in Anhui Province reported that a heavy pollution weather alert was issued again locally last night. Currently, enterprises are in a state of production cuts and restrictions, and those that had previously halted production have not yet resumed operations.
- 09:47
SMM Morning Meeting: High Dollar Index Pressures Copper Prices, Premium Drops
[SMM Morning Meeting Summary: US Dollar Index Remains High, Copper Prices Under Pressure] On December 20, #1 copper cathode spot prices against the January 2501 contract were quoted at a premium of 70-120 yuan/mt, with an average premium of 95 yuan/mt, down 10 yuan/mt from the previous trading day. Affected by the inflow of imported supplies, the early trading center slightly declined MoM...
- 09:43
Carbon Company Launches New Project: Major Milestone in Sodium-Ion Battery New Materials
[Carbon Company: New Project Put Into Operation, Marking a New Milestone in the Field of New Materials for Sodium-Ion Batteries] Zhejiang Carbon New Materials Co., Ltd.'s project with an annual production capacity of 1,500 mt of biomass-based hard carbon anode material has officially been put into operation. Its products are mainly applied in the field of anode materials for sodium-ion batteries. The material boasts a capacity of up to 300mAh/g and an excellent initial efficiency of 91%.
- 09:39
November PV Installation Growth Soars 22.4% MoM
【November PV Installation Growth Rate Up 22.4% MoM】 From January to November 2024, the domestic cumulative newly installed capacity reached 206.3 GW, up 25.9% YoY. In November 2024, the domestic newly installed PV capacity was 25 GW, up 17.3% YoY and 22.4% MoM.
- 09:28
Farasis Energy Achieves Industry-Leading Silicon Doping Level in Half-Solid State Battery Anodes
[Farasis Energy: The Company's Silicon Doping Level in Half-Solid State Battery Anodes Is at an Industry-Leading Level] Recently, Farasis Energy disclosed in its investor relations activity record that the company's half-solid state battery has been iterated to the fifth generation of silicon carbon anode, with a tested cycle life reaching 4,000 cycles, maintaining an industry-leading level. Currently, the company's silicon carbon anode is highly mature in internal system validation and supplier integration. Before the large-scale application of solid-state batteries, the silicon carbon anode will remain the company's mainstream choice. At present, the silicon doping level in the company's half-solid state battery anodes is at an industry-leading level.
- 09:28
Enjie's Subsidiary Inks Annual Procurement Deal with Gotion High-tech
[Enjie Co., Ltd.: Subsidiary Signs Annual Procurement Contract With Gotion High-tech] Enjie Co., Ltd. announced that on December 20, 2024, its subsidiary, Shanghai Enjie New Material Technology Co., Ltd., signed an "Annual Procurement Contract" with Hefei Gotion High-tech Power Energy Co., Ltd. According to the contract, Shanghai Enjie will serve as the main separator supplier for Gotion High-tech and will supply lithium battery separator products to it in 2025, subject to Gotion High-tech's procurement orders. The contract takes effect upon signing and stamping by both parties. The signing of the contract will help further enhance the company's profitability and market competitiveness, having a positive impact on the company's operating performance in 2025.
- 09:27
Jiangsu Issues Competitive Allocation for 20 Offshore Wind Power Projects in 2024
Recently, Jiangsu Province issued a competitive allocation announcement for offshore wind power projects in 2024, involving 20 offshore wind power projects listed in the "Jiangsu Province Offshore Wind Power Development Plan (2024-2030)," with a total capacity of 7.65 million kW.
- 09:27
Highpower Technology Signs MoU with European Partner for Battery Tech Collaboration
【Highpower Technology: Signing Memorandum of Understanding with a European Strategic Partner for Battery Technology Collaboration】Highpower Technology announced that the company recently signed a Memorandum of Understanding with a European strategic partner specializing in silicon materials. Both parties will leverage their respective strengths to conduct comprehensive and in-depth collaboration on next-generation high-energy-density battery technology—100% silicon anode lithium-ion batteries. The collaboration will cover various aspects, including technology R&D, product development, and market promotion strategies. In the initial phase, the focus will be on projects related to a leading North American smart wearable brand. This collaboration is expected to accelerate the commercialization of the company's pure silicon anode lithium-ion batteries and will not have a significant impact on the company's financial position or operating results for the current year. Details regarding related risks and uncertainties have been disclosed in the announcement.
- 09:27
Xuwen Launches Major Offshore Wind Power Projects Totaling 14 Billion Yuan
A commencement mobilization meeting was held in Xuwen for the offshore wind power project of CNNC Xinhua Power and the demonstration project of Mingyang BASF. Meanwhile, SPIC's capacity expansion project for the Xuwen offshore wind farm was officially put into operation, with an expansion scale of 300,000 kW, achieving full-capacity grid connection. The total investment in these three offshore wind power projects reached 14 billion yuan, with a total installed capacity of 1.1 million kW. It is expected to provide 3.7 billion kWh of green electricity annually and reduce approximately 2.78 million mt of carbon dioxide emissions.
- 09:24
Nankang District, Jiangxi Signs Six PV, New Energy, and New Materials Projects
Recently, Nankang District of Ganzhou, Jiangxi Province held a centralized signing ceremony for investment promotion projects, focusing on the PV and new energy as well as new materials industries. A total of six projects were signed during the event, among which the Yaoling New Energy Green Building Materials and Raw Materials Project has a total investment of 5.5 billion yuan and is expected to build 3GW of wind and solar power generation in Nankang. This will significantly promote the aggregation of upstream and downstream suppliers of the project and help Nankang expand its new energy industry cluster.
- 09:22
Shandong Unveils Measures to Boost New Energy Consumption System and Market Participation
The General Office of the People's Government of Shandong Province issued a notice on "Several Measures to Improve and Perfect the New Energy Consumption System Mechanism and Promote High-Quality Energy Development." The "Measures" stated that the construction of the electricity spot market should be improved, and the proportion of market-based transactions for new energy should be gradually increased. Newly added wind power projects (including distributed wind power) will be allowed to independently choose to participate in the electricity market, with options for either full power generation or 30% of power generation. Similarly, newly added PV power generation projects (including distributed PV) can independently choose to participate in the market, with options for either full power generation or 15% of power generation. During implementation, adjustments will be made based on changes in national policies. Starting from 2030, all newly added wind and PV power generation projects will fully enter the market. For existing wind power projects, it is expected that the current policy will continue to be implemented, whereby 90% of power generation is prioritized for grid connection, and 10% of power generation enters the market.
The local prices are expected to be released soon, stay tuned!
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