Metal12h
2024 Zinc Futures and Spot Prices Surge Over 18% as Supply-Demand Imbalance Intensifies; Will It Improve in 2025? [Annual Review]
SMM, January 7: Unlike the low-level fluctuating trend of zinc prices in 2023, zinc prices in 2024 fluctuated upward under ...
Metal11h
Sponge Titanium Price Adjustment Letters Issued at the Beginning of the Month: What Is the Market Outlook? [SMM Spot Titanium Bulletin]
SMM January 17 News: Recently, the price of Grade 1 sponge titanium has shown a tentative upward trend, with mainstream quotations at 46,000 yuan/mt-47,000 yuan/mt. Some sponge titanium producers have ...
Metal12h
Spot Silicon Metal Transactions Face Challenges Under Pressure from Low Futures Prices [SMM Silicon Daily Review]
Review: Spot Transactions for New Orders of Silicon Metal Face Challenges Amid Low Futures Prices] Silicon prices in east China slightly declined. Standard #553 silicon metal in east China was priced ...
Metal12h
December Operating Rates of Copper Billet Producers Rose Consecutively Amid Peak Season Effect and Tariff Concerns [SMM Analysis]
According to SMM, the operating rates of copper billet producers in December 2024 stood at 54.91%, up 1.23% MoM. Specifically, the operating rate of large enterprises was 58.68%, medium-sized ...
Metal12h
US Dollar Index Decline Boosts Copper Prices, BC Most-Traded Copper Contract Strengthens [SMM BC Copper Commentary]
Today, the most-traded BC copper 2502 futures contract opened at 66,390 yuan/mt, closing with a bearish candlestick. The lower shadow pierced through the Bollinger mid-band and crossed the 20-day and ...
Metal12h
Off-Season Demand Remains Weak, SHFE Aluminum to Maintain Fluctuating Trend in the Short Term [SMM Aluminum Futures Brief]
Today, the most-traded SHFE aluminum 2502 contract opened at 19,630 yuan/mt, with an intraday high of 19,725 yuan/mt and a low of 19,615 yuan/mt, closing at 19,680 yuan/mt, up 0.05%. Trading volume ...
Metal13h
Schaeffler sets up wholly-owned subsidiary in China for hydrogen-related businesses
Shanghai (Gasgoo)- On January 6, 2025, Schaeffler signed a framework cooperation agreement with the local government of Anting Town, Jiading District, Shanghai, to establish a wholly-owned subsidiary, ...
Metal11h
Downstream Stocking Willingness Falls Short of Expectations; NPI Market Transactions Remain Sluggish [NPI Daily Review]
[SMM Daily Review: Downstream Stockpiling Intention Falls Short of Expectations, NPI Market Transactions Remain Sluggish] January 7—The SMM 8-12% high-grade NPI average price stood at 935 yuan/mtu (ex ...
Metal13h
Year-End Construction Stagnation and Delivery Delays Cause December Aluminum Wire and Cable Operating Rate to Pull Back as Expected [SMM Analysis]
According to SMM statistics, the comprehensive operating rate of the domestic aluminum wire and cable industry in December 2024 was 51.01%, down 8.95% MoM and up 3.28% YoY from December 2023. Among ...
Metal8h
Chinese eVTOL aircraft manufacturer INFLYNC bags tens of millions of yuan in angel+ funding round
Shanghai (Gasgoo)- INFLYNC, a Chinese startup focusing on design and manufacturing of tilt-rotating ducted-wing electric vertical takeoff and landing (eVTOL) aircraft, recently announced the ...
Metal9h
December Operating Rates of Copper Pipe & Tube Producers Meet High Expectations, Gradual Pullback Expected in January [SMM Analysis]
The Operating Rate of Copper Pipe & Tube in December Was 82.94% ...
Metal14h
Why Are Spot Premiums in Guangdong Continuing to Rise as the Year-End Approaches? [SMM Analysis]
Why Are Spot Premiums and Discounts in Guangdong Continuing to Rise as the Year-End Approaches?】 Entering January, spot premiums in Guangdong climbed from 535 yuan/mt to 595 yuan/mt. According to ...