Metal14m
The situation of strong supply and weak demand still exists in January, with limited room for upward price correction [SMM Analysis].
Limited Upward Correction Space for Prices as Supply Remains Strong and Demand Weak in January] Stainless steel prices in December 2024 remained generally weak and stable. The average monthly price of ...
Metal9m
MMi Daily Iron Ore Report (Jan 10)
Today, DCE iron ore futures fluctuated upward throughout the day. The most-traded I2505 contract finally closed at 753.5 yuan/mt, up 0.53% for the day.
Metal22m
Finished Product Inventories of Galvanising Enterprises Increase Ahead of Chinese New Year: What Will Happen After the Holiday? [SMM Analysis]
According to SMM, most enterprises remain pessimistic about post-holiday ferrous metals prices and are not planning to stockpile in large quantities. Finished product inventories are expected to ...
Metal31m
Refined Nickel Transactions Were Sluggish During the Week, Premiums and Discounts Declined This Week [SMM Analysis]
[Sluggish Refined Nickel Transactions During the Week, Premiums and Discounts Declined This Week] This week, nickel prices showed a fluctuating trend, with spot prices ranging between 122,800-128,900 ...
Metal30m
US Dollar Index Rose Above 109 During the Day, Non-US Currencies Weakened Collectively [SMM Analysis]
[SMM Analysis: US Dollar Index Surges Above 109, Non-US Currencies Weaken Collectively] According to CNN on January 8, Trump is considering declaring a "national economic emergency" in the US to ...
Metal29m
Spot Alumina Prices See Larger Decline but Still Above Cost Line [SMM Analysis]
As of today, the SMM alumina index has dropped to 5,321 yuan/mt, accumulating a decline of 448 yuan/mt from the peak in December 2024. In the latter part of this week, the decline in alumina prices ...
Metal1h
Limited Downstream Stocking Before the Holiday, Enhanced Purchase Willingness for 107 Silicone Rubber with Discounts [SMM Analysis]
Limited Downstream Stockpiling Before the Holiday, Increased Purchase Willingness for 107 Silicone Rubber Amid Discounts] This week, silicone 107 rubber was quoted at a stable price of 13,150 yuan/mt.
Metal40m
SMM China Rare Earth Market Daily on January 10
SMM China Rare Earth Market Daily] Today, separation plants have been less active in offering quotes, and rare earth oxide prices overall fluctuated upward. It is understood that due to the prolonged ...
Metal1h
January 10 Nickel Ore Inventory [SMM Port Nickel Ore Inventory]
As of January 10, 2025, the nationwide port inventory of nickel ore continued destocking by 2 million wmt compared to January 3, 2025, reaching 8.396 million wmt. The total equivalent metal content ...
Metal1h
Inventory Buildup in North China and Destocking in South China; Social Inventory of Silicon Metal Decreases [SMM Silicon Inventory]
[SMM: Inventory Buildup in North China and Destocking in South China, Social Inventory of Silicon Metal Declines] According to SMM statistics, as of January 10, the total social inventory of silicon ...
Metal1h
"Cold Winter Warming Up" Begins to Emerge as Stainless Steel Futures Show Clear Signs of Recovery [SMM Analysis]
[SMM Analysis: "Winter Thaw" Begins to Emerge, Stainless Steel Futures Show Clear Signs of Recovery] This week, the most-traded SS2503 futures contract saw a significant price increase. The opening ...
Metal1h
Steel mills are gradually starting maintenance plans, and the supply-demand relationship is gradually balancing [SMM Analysis]
[SMM Analysis: Steel Mills Gradually Begin Maintenance Plans, Supply and Demand Gradually Balance] This week, stainless steel spot prices stabilized the downward trend due to the rise in futures. As ...