News

Shanghai Metals Market6h
CALB, GOVY deepen partnership to advance eVTOL battery technology in China's low-altitude aviation push
On August 8, CALB and Guangdong GOVY Technology Co., Ltd. signed an agreement to strengthen their strategic partnership, pledging deeper collaboration in the eVTOL (electric vertical take-off and land ...
Shanghai Metals Market6h
Geely Galaxy A7 secures over 10,000 units of fixed orders within a day of market launch
Power comes from Geely's NordThor EM-i super hybrid system, pairing a 1.5-liter naturally aspirated engine (82 kW, 136 Nm) with an electric motor. The setup delivers a combined driving range of over 2 ...
Shanghai Metals Market6h
FANGCHENGBAO rolls out TAI 7 model's first mass-produced unit
Shanghai (Gasgoo)- On August 11, FANGCHENGBAO, BYD's sub-brand that specializes in professional and personalized identities, announced that the first mass-produced unit of its TAI 7 SUV model rolled ...
Shanghai Metals Market6h
SAIC-GM-Wuling hits sales milestone of 1.7 million Wuling Hongguang MINIEVs
Shanghai (Gasgoo)- On August 11, SAIC-GM-Wuling announced that cumulative sales of its Hongguang MINIEV have exceeded 1.7 million units, cementing its position as the top-selling BEV (battery electric ...
Shanghai Metals Market13h
There was a strong wait-and-see sentiment at the beginning of the week, and the price of EMM remained stable temporarily [SMM EMM Daily Review]
Strong wait-and-see sentiment at the beginning of the week, EMM prices remain stable] The average spot price of EMM in major producing areas was 13,500-13,600 yuan/mt, unchanged MoM; the average FOB ...
Shanghai Metals Market9h
Expectations of an interest rate cut boost BC copper, with the SHFE copper price spread inversion expanding further [SMM BC Copper Commentary]
The SHFE copper 2509 contract closed at 79,020 yuan/mt. If based on the most-traded BC copper 2509 contract price of 70,200 yuan/mt, its after-tax price would be 79,326 yuan/mt. The price spread ...
Shanghai Metals Market8h
The futures of manganese silicon fluctuate at highs. Pay attention to the pricing of mainstream steel tenders. [SMM Manganese Silicon Futures Review]
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database ...
Shanghai Metals Market11h
Registered B/L offers decline, sellers are active but transactions remain low [SMM Yangshan spot copper]
During the day, the registered B/L offers in the market continued to decline compared to last Friday. However, the buyer's buying sentiment was weak, and overall transactions remained poor. It was ...
Shanghai Metals Market9h
Macro support remains, SHFE zinc maintains high levels [SMM zinc futures brief comment]
[Macro Boost Remains, SHFE Zinc Maintains High Level]: The most-traded SHFE zinc 2509 contract opened at 22,550 yuan/mt. In the early session, SHFE zinc dipped to 22,525 yuan/mt, then fluctuated ...
Shanghai Metals Market8h
The off-season in the enamelled wire industry continues, with both YoY and MoM declines in operating rate in July
According to SMM, the composite operating rate of the enamelled wire industry in July was 67.25%, down 2.68 percentage points MoM and 0.54 percentage points YoY. By enterprise size, the operating rate ...
Shanghai Metals Market9h
Market sentiment is optimistic, and iron ore prices hold up well [SMM Comment]
Today, DCE iron ore futures held up well, with the most-traded contract rolling over to the I2601 contract, closing at 789, up 1.94% for the day. Traders were actively selling, while steel mills ...
Shanghai Metals Market8h
Several indicators of the auto market hit new highs again in July; CPCA raises forecast for 2025 retail sales and exports [SMM Special Report]
Reviewing July's auto market sales, BYD, the "EV leader," sold 344,300 units, up 0.56% YoY, with slowing growth, and down 10.01% MoM. From January to July, cumulative sales reached 2.4902 million ...