Shanghai Metals Market

Alumina Production Costs Continue to Decline in December Yet Nearly Half of Plants Face Cash Cost Pressure

In December, weakening prices in the bauxite market alleviated cost pressures for alumina producers. On one hand, although ...
Shanghai Metals Market

Successive Surges in Aluminum Prices Strengthen Sentiment to Hold Aluminum Ingot Prices Firm, Aluminum Billet Processing Fees in Southern China Collapse with Negative Fees [SMM ...

Regarding aluminum billet in South China, on January 6, processing fees for SMM 6063 grade aluminum billet (Guangdong) across all specifications significantly pulled back under pressure, with Φ90/100 ...
Shanghai Metals Market

Inventories and Copper Prices Both Hit Record Highs, Downstream Sectors Return to Inertia [SMM Spot Copper in South China]

Guangdong inventory continued to rise, marking the 12th consecutive increase, with weak consumption being the main reason. Copper prices surged again today, hitting a record high, and downstream ...
Shanghai Metals Market

The commissioning of mines was delayed, coupled with strikes disturbing the market, and the most-traded BC copper contract surged by 4.4%. [SMM BC Copper Review]

The SHFE copper 2602 contract closed at 105,320 yuan/mt. Based on the BC copper 2602 contract price of 93,970 yuan/mt, its post-tax price is 106,186 yuan/mt, resulting in a price spread of -866 ...
Shanghai Metals Market

Driven by bulls and other metals, the center of SHFE zinc continued to rise [SMM Zinc Futures Review]

Driven by Bulls and Other Metals, SHFE Zinc Center Continues to Rise] The most-traded SHFE zinc 2602 contract opened at 24,060 yuan/mt. After opening, bulls increased positions, and zinc fluctuated ...
Shanghai Metals Market

[SMM Chromium Daily Review] Sentiment to hold prices firm is evident, market expectations are positive.

Firming Sentiment Stands Out, Market Expectations Favorable] January 6, 2026: The ex-factory price of high-carbon ferrochrome in Inner Mongolia today was 8,100-8,200 yuan/mt (50% metal content), up 50 ...
Shanghai Metals Market

Lithium carbonate futures surged to hit limit-up, with the most-traded contract reaching 137,940 yuan [SMM Analysis]

The SMM battery-grade lithium carbonate index price was 126,005 yuan/mt, up 6,152 yuan/mt from the previous working day. Battery-grade lithium carbonate traded at 120,000–135,000 yuan/mt, with an ...
Shanghai Metals Market

SMM January 6 Automotive Battery Market Summary [SMM Evening Briefing]

Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference ...
Shanghai Metals Market

Lithium Carbonate Futures Surge by the Daily Limit, Spot Prices Continue to Rise [SMM Analysis]

The SMM battery-grade lithium carbonate index price was 126,005 yuan/mt, up 6,152 yuan/mt from the previous working day. Battery-grade lithium carbonate traded at 120,000–135,000 yuan/mt, with an ...
Shanghai Metals Market

[Domestic Iron Ore Brief Review] Iron Ore Concentrates Prices in Tangshan Region Slightly Decline, Potential for Future Increase

Iron Ore Concentrate Prices in Tangshan Dip Slightly, Potential for Upside Later] At the start of the week, the domestic ore market in Tangshan was generally stable with slight fall, as some ...
Shanghai Metals Market

[SMM Stainless Steel Daily Review] SS Futures Reach Highs Since April, Stainless Steel Spot Market Sentiment Strengthens with Rising Quotations

SMM Stainless Steel Daily Review] SS Futures Test Highs Since April, Stainless Steel Spot Market Sentiment Strengthens and Quotes Rise: SMM Jan. 6 - SS futures continued their steady upward trend.
Shanghai Metals Market

Copper Prices Hit New Highs, Offer Center Shifts Downward, Trader Selling Sentiment Increases [SMM Yangshan Spot Copper]

After LME copper hit a new high again, the funding cost for US dollar-denominated copper continued to increase, putting excessive margin pressure on some enterprises, and a small amount of spot cargo ...