Shanghai Metals Market2 m
On April 2, the central parity rate of the RMB in the interbank foreign exchange market was 7.1793 yuan per US dollar.
The People's Bank of China authorized the China Foreign Exchange Trade System to announce that on April 2, 2025, the central parity rate of the RMB in the interbank foreign exchange market was 7.1793 ...
Metal7u
SMM Rare Earth Morning Meeting Summary: Rare Earth Quotations Remain Firm, Back-and-Forth Negotiations Between Upstream and Downstream Stay Stable
SMM Rare Earth Morning Meeting Summary: Rare Earth Prices Remain Firm, Upstream and Downstream Negotiations Stabilize. Yesterday, metal manufacturers' quotations remained relatively firm, and rare ...
Shanghai Metals Market11 m
Philippine Nickel Ore Supply Remains Weak, High-Grade NPI Prices Expected to Remain Stable [SMM Nickel Morning Meeting Summary]
SMM reported on April 1 that the spot premiums/discounts for Jinchuan No.1 nickel were quoted in the range of 1,600-1,800 yuan/mt, with an average premium of 1,700 yuan/mt, up 250 yuan/mt from the ...
Shanghai Metals Market11 m
Against the backdrop of ample market supply, alumina prices may continue to fluctuate downward in the short term [SMM Alumina Morning Comment].
Futures market: In the night session, the most-traded alumina 2505 futures contract opened at 2,946 yuan/mt, with a high of 2,954 yuan/mt, a low of 2,932 yuan/mt, and closed at 2,942 yuan/mt, down 9 ...
Shanghai Metals Market14 m
【SMM Analysis】Separator Market Demand Showed a Significant Rebound in March
【SMM Analysis: Separator Market Demand Rebounded Significantly in March】SMM, April 2: In March, lithium battery separator production increased by 13% MoM and 46% YoY. By process ...
Shanghai Metals Market25 m
US Tariff Policy Keeps the Market in Wait-and-See Mode, Copper Prices Expected to Remain Low [SMM Copper Morning Meeting Summary]
Overnight, LME copper opened at $9,727.0/mt, hitting a high of $9,728.0/mt and a low of $9,669.0/mt, showing a fluctuating trend. It finally closed at $9,692.5/mt, up $2.5/mt or 0.03% from the ...
Shanghai Metals Market32 m
The center of SHFE zinc shifted downward due to the drag of reciprocal tariff prospects [SMM Morning Comment].
Comment】The most-traded SHFE zinc 2505 contract opened at 23,480 yuan/mt. At the beginning of the session, shorts increased their positions, causing SHFE zinc to plunge and test a low of 23,230 ...
Shanghai Metals Market35 m
The market is concerned about the tariff outlook, and LME zinc is trending downward. [SMM Morning Meeting Summary]
Market Worries About Tariff Prospects, LME Zinc Declines】Overnight, LME zinc opened at $2,851.5/mt. At the beginning of the session, shorts exited the market, pushing the center of LME zinc higher to ...
Shanghai Metals Market54 m
Metals generally declined, with copper futures falling for five consecutive sessions, hitting a nearly three-week low [LME closing on April 1].
At 17:00 London time on April 1 (00:00 Beijing time on April 2), LME three-month copper closed down $17, or 0.18%, at $9,693/mt, after earlier touching $9,669, the lowest since March 12.
Shanghai Metals Market51 m
Trump's Tariff Countdown, Copper Prices Under Pressure with Low-Level Fluctuations [SMM Morning Comment on Copper]
Countdown to Trump's Tariffs, Copper Prices Under Pressure and Fluctuating at Low Levels】Macro side, Trump is expected to announce reciprocal tariffs at 3:00 AM Beijing time on April 3. Recent news ...
Shanghai Metals Market16u
【Live Preview】US Tariff Storm: The Mystery of Global Aluminum Semis Export Restructuring!
At this critical moment of reshaping the global aluminum trade map, China, as the world's largest aluminum producer, although ...
Shanghai Metals Market15u
【SMM Hot Rolled Arrival】Mainstream Market Arrivals Declined, Potential Increase Expected Next Week
Shipments in the Shanghai market remained stable WoW, with relatively small changes in shipments across markets. Looking ...