Shanghai Metals Market

Secondary Lead: Downstream Enterprises Restocked Heavily in the Previous Two Trading Sessions, Purchase Willingness Declined Significantly Today [SMM Lead Midday Review]

The SMM #1 lead average price increased by 75 yuan/mt from the previous day to 17,175 yuan/mt today. Spot orders for secondary refined lead were limited, with mainstream tax-inclusive ex-works ...
Shanghai Metals Market

Copper Prices Continue to Rise, SHFE Copper Premiums Hold Firm Amid Tight Supply [SMM Shanghai Spot Copper]

SMM Shanghai Spot Copper] Copper prices are expected to continue rising next week, which will affect downstream procurement pace. Although supply in Shanghai is tight, warehouse withdrawals are ...
Shanghai Metals Market

Silver Prices Retreat and Consolidate, Spot-Futures Price Spread Narrows, Downstream Continues to Fear High Prices, Spot Market Premiums Slightly Adjusted [SMM Daily Review]

Intraday silver prices pulled back slightly, and the spot-futures price spread of TD - the most-traded SHFE silver 2602 contract continued to narrow, with market premiums still experiencing a slight ...
Shanghai Metals Market

[SMM Nickel Sulphate Daily Review] December 5th: Procurement Sentiment Remains Weak, Nickel Salt Prices Slightly Decline

On December 5, the SMM battery-grade nickel sulphate index price was 27,254 yuan/mt, with the quotation range for battery-grade nickel sulphate at 27,460-27,600 yuan/mt, and the average price slightly ...