Shanghai Metals Market

[SMM Analysis] How Are Lead-Acid Battery Enterprises Planning Holidays for the Upcoming Mid-Autumn Festival and National Day in 2025?

SMM Analysis] How Are Lead-Acid Battery Enterprises Planning Holidays for the Upcoming Mid-Autumn Festival and National Day ...
Shanghai Metals Market

Domestic and Foreign Demand Remains Mediocre, Weighing on Trading Volume, Magnesium Prices Face Resistance Despite Staying Firm at High Levels [SMM Magn…

Tepid Domestic and International Demand Suppresses Trading, Magnesium Prices Face Resistance Despite Firm Highs] Yesterday, ...
Shanghai Metals Market

Holiday Approaches, Market Risk Aversion Sentiment Rises, Iron Ore Prices Plunge in the Afternoon [SMM Brief Review]

As of September 26, SMM data showed that iron ore inventories at 35 ports nationwide decreased by 540,000 mt WoW, continuing the destocking trend. Meanwhile, the daily average port pick-up volume for ...
Shanghai Metals Market

The Most-Traded BC Copper 2510 Contract Closed Higher Intraday, US Fed PCE Data Becomes Market Focus [SMM BC Copper Review]

Today, the most-traded BC copper 2510 contract opened at 73,050 yuan/mt, closing higher with long positions being reduced. During the night session, BC copper initially rose, briefly touching a high ...
Shanghai Metals Market

Stainless Steel Prices Pull Back, Costs Rise, Losses Widen, Weak Demand Loosens Cost Support [SMM Analysis]

This week, stainless steel spot prices pulled back, but production costs increased slightly, widening the losses for stainless steel mills. Taking 304 cold-rolled products as an example, based on the ...
Shanghai Metals Market

"September-October Peak Season" Demand Fails to Boost Stainless Steel Inventory Accumulation, Cost Support Weakens [SMM Stainless Steel Daily Report]

October Peak Season" Fails to Boost Demand, Stainless Steel Inventory Accumulates with Cost Support Weakening] SMM September 26 - SS futures showed a weakening and pullback trend. Affected by the ...
Shanghai Metals Market

Accelerated Implementation of Magnesium Alloy Industry: Corporate Breakthroughs and Urban Layout Together Paint the Blueprint for Lightweight Development [SMM …

Recently, the domestic magnesium alloy industry has achieved multiple breakthroughs in technological innovation, production ...
Shanghai Metals Market

Policy System Perfected and Initial Capacity Established, PV Module Recycling Industrialisation Still Faces Three Challenges

China has established a PV module recycling policy framework comprising 38 national policies and over ten standards, forming preliminary disposal capacity. However, the industry still faces three ...
Shanghai Metals Market

Short-term upward support is insufficient, ferrous metals prices may remain in the doldrums [SMM Steel Industry Chain Weekly Report]

This week, the ferrous metals series fluctuated downward. On Monday, five departments issued the "Steel Industry Steady Growth Work Plan (2025–2026)", setting an average annual growth target for the ...
Shanghai Metals Market

SMM Analysis:Domestic Zinc Concentrate TCs Peaked and Declined in October!

SMM Analysis：According to SMM data, as of September 26, the weekly average SMM Zn50 TC fell 200 yuan/mt in metal content MoM ...
Shanghai Metals Market

[Domestic Iron Ore Brief] Iron Ore Concentrate Prices in East Liaoning May Remain in the Doldrums

Iron Ore Concentrate Prices in East Liaoning Expected to Remain in the Doldrums] Domestic ore prices in East Liaoning edged up by 10 yuan/mt. Local mine operations remain at persistently low levels, ...
Shanghai Metals Market

Weekly SMM Secondary Refined Lead Market Review: Spot Orders for Secondary Refined Lead Show Significant Price Variations, Smelting Profits Fluctuate Near the Break-Even Point

As of September 26, 2025, the theoretical comprehensive break-even value for large-scale secondary lead enterprises was -45 yuan/mt, while for small and medium-sized enterprises it was -258 yuan/mt ...