Sales: In Q2, the Minas-Rio mine area sold 6.636 million mt of pellet feed, up 18% MoM and down 2% YoY, mainly due to delays in some shipments. The average iron grade of quarterly sales was ...

Cost-Driven Price Increases, Strong Wait-and-See Sentiment in the Market] On July 25, magnesium raw material prices remained firm. The ex-factory price of 75 ferrosilicon in Shaanxi was 5,800-5,900 ...

Inventory Aspects: On July 24, LME lead inventory increased by 6,175 mt to 269,325 mt. As of July 24, the total social inventory of SMM lead ingots in five regions reached 71,400 mt, an increase of ...

Overnight, LME lead opened at US$2,029/mt, fluctuating sideways during the Asian session. After entering the European session, it climbed to US$2,042/mt. Due to increased short positions, LME lead ...

[SMM Zinc Morning Comment] Overnight LME zinc stopped rising and started to fall, with the KDJ opening narrowing. Overnight LME zinc inventory increased, coupled with ...

Weak Supply and Demand, Copper Prices Fluctuate Downward] On July 24, spot prices for SMM #1 copper cathode against the August 2508 contract were reported at premiums of 90-200 yuan/mt, with an ...

Shanghai: The futures market continued to fluctuate at highs. Downstream firms purchased based on immediate needs, and buying sentiment remained sluggish. However, with spot premiums at low levels ...

Ferrous metals prices continue to rise, galvanizing operating rates increase slightly]: This week, the operating rates of galvanising producers reached 59.42%, up 0.29 percentage points WoW. In terms ...

Futures: The most-traded SHFE tin contract (SN2508) opened slightly lower in the night session and fluctuated within a downward-shifted range, closing at 271,400 yuan/mt, down 0.83% from the previous ...

On the previous trading day's night session, the most-traded SHFE aluminum 2509 contract opened at 20,760 yuan/mt, with a high of 20,810 yuan/mt, a low of 20,730 yuan/mt, and closed at 20,755 yuan/mt, ...

On Thursday, July 24, as the US was expected to impose copper import tariffs, COMEX copper futures hit a record high on Thursday, with the premium over LME copper futures widening further. As of 19:58 ...

SMM Analysis]This week, the most-traded contract of cast aluminum alloy futures initially jumped and then pulled back, ...