Metal4m
Favourable macro front and solid fundamentals supported aluminum prices to fluctuate upward [SMM Aluminum Morning Comment]
The most-traded SHFE aluminum 2411 contract opened at 20,105 yuan/mt overnight, reaching a high of 20,135 yuan/mt and a low of 20,040 yuan/mt, and closed at 20,080 yuan/mt, up 120 yuan/mt or 0.6%.
Metal4m
US Dollar Decline Boosted Copper Prices, Domestic Copper Cathode Continued Destocking [SMM Copper Morning Comment]
LME copper opened at $9,543.5/mt overnight. After a slight initial fluctuation, it peaked at $9,572.5/mt and then declined to a low of $9,477/mt. It later rebounded slightly and closed at $9,539/mt, ...
Metal6m
SMM Nickel Market Morning Comment (Sep 20)
On September 19, Jinchuan nickel was quoted at a premium of 1,800-2,000 yuan/mt, with an average of 1,900 yuan/mt, up 50 yuan/mt compared to the previous trading day.
Metal1y
SHFE tin prices remained rangebound at high levels during the night session, the spot market saw sluggish transactions [SMM Tin Morning Comment]
In the night session yesterday, the most-traded SHFE tin contract closed at 259,080 yuan/mt, up 2,930 yuan/mt, an increase of 1.14%. In the night session yesterday, the most-traded SHFE tin contract ...
Metal11h
NIO’s ONVO brand puts L60 SUV onto market, starting at 206,900 yuan
Beijing (Gasgoo)- On September 19, NIO's sub-brand ONVO officially put its first mass-produced model, the ONVO L60, onto the market with a starting price of 206,900 yuan. Deliveries of the ONVO L60 ...
Metal19h
Lead Ingot Social Inventory Surged to One-Month High Due to Futures Delivery and Downstream Holidays [SMM Survey]
According to SMM survey, as of September 19, the total social inventory of lead ingots in five regions reached 59,200 mt, an increase of 20,500 mt compared to September 9, and an increase of 8,700 mt ...
Metal13h
Battery cell prices for energy storage slightly declined, may stabilize later
This week, prices for 314Ah and 280Ah battery cells for energy storage slightly decreased, while prices for 100Ah and 50Ah battery cells remained stable. With the peak season in the fourth quarter ...
Metal16h
Li Auto delivers 100,000th Li L6 SUV
The Li L6 is a mid-to-large premium SUV designed for families, with design aligning with the family style of the Li L series. The L6 closely resembles the Li L7 but in a slightly smaller package, ...
Metal15h
MMi Daily Iron Ore Report (Sep 19)
Today, iron ore rebounded from its bottom and fluctuated upward throughout the day. The most-traded contract I2501 finally closed at 693 yuan/mt, with a daily increase of 1.69%.
Metal17h
US Fed's First 50BP Rate Cut Sparks Recession Fears: Future Copper Price Trends [SMM Analysis]
At 2 a.m. Beijing time on September 19, the US Federal Reserve (US Fed) announced a reduction in the federal funds rate target range to 4.75%-5%, marking the first rate cut since 2020.
Metal19h
Silicon Coal Prices Fluctuated Rangebound, Manufacturers Were Reluctant to Offer Discounts to Silicon Enterprises [SMM Analysis]
Recently, the prices of silicon coal, a raw material for silicon metal, have experienced slight fluctuations in certain regions. In Ningxia, the price fluctuations of silicon coal are mainly ...
Metal19h
Stainless Steel Futures Gained Limitedly as Market Held Prices Steady to Facilitate Sales [SMM Stainless Steel Spot Daily Review]
On September 19, stainless steel experienced slight fluctuations overall. After the holiday, due to typhoon weather, arrivals and steel processing in Wuxi were impacted to some extent. Early this ...