Metal21m
Indian aluminium industry urges again for higher import duty. Will the government pay ears?
In July 2024, ahead of the Union Budget, Indian aluminium producers had asked for an import duty hike on aluminium scrap to 7 ...
Metal2h
SMM Morning Comment For SHFE Base Metals (Nov 19)
SHFE tin continued to rise during the night session, and the spot market is expected to cool down [SMM Tin Morning News Nov 19] ...
Metal2h
SHFE tin continued to rise during the night session, and the spot market is expected to cool down [SMM Tin Morning News Nov 19]
Overnight, LME zinc prices opened at US$2,581/ton and reached a low of US$2,567/ton during the period. During the European trading session, LME zinc prices moved up and hit a high of US$2,605.5/ton, ...
Metal2h
Zinc Prices Maintain Fluctuating Trend with Limited Downside Potential [SMM Zinc Morning Comment Nov 19]
Overnight, LME zinc opened at $2,953/mt. After a brief consolidation around the daily moving average, the focus shifted to around $2,965/mt. During European trading hours, it peaked at $2,984/mt, then ...
Metal2h
The US dollar dropped back slightly, and LME lead surged significantly. Domestic social inventory growth slowed down [SMM Lead Morning Comment]
Macro side, the US dollar index dropped back slightly, easing the pressure on base metals, leading to a rebound in LME lead.
Metal2h
Will the Bank of Japan continue to raise interest rates? Copper prices are expected to have bottom support [SMM Copper Morning Comment]
LME copper opened at $9,009.5/mt overnight, with the initial focus dropping to $8,958/mt.
Metal2h
SMM Nickel Market Morning Comment (Nov 19)
SMM data shows that the national production of copper rod produced with copper cathode in February totaled 503,900 tons, a decrease of 300,600 tons from January, and the operating rate was 39.44%, a ...
Metal3h
China to cancel aluminium export tax rebate from December 1, will this lead to trade negotiations with the US?
On Friday, November 15, China’s finance ministry declared its plan to reduce or cancel export tax concessions for a wide range of commodities, including aluminium. As per the report, the measure will ...
Metal15h
Gasgoo Daily: Xiaomi EV so far delivers over 100,000 Xiaomi SU7 vehicles
Xiaomi's founder and CEO Lei Jun announced on November 18 that the cumulative deliveries for the Xiaomi SU7 vehicle model have surpassed 100,000 units. Given that the company has already achieved its ...
Metal18h
XPENG enters UK market by signing dealership agreement with IML
Chinese smart electric vehicle maker XPENG recently entered into a partnership with International Motors Ltd. (IML), a renowned automotive dealer group in Europe, according to a post on XPENG's WeChat ...
Metal18h
The Strengthening US Dollar Suppresses SHFE Tin Prices; SHFE Tin Currently Under Pressure and Adjusting [SMM Tin Morning Meeting Summary]
In last week's international situation, fluctuations in the US dollar exchange rate became a significant factor affecting the metals market, including SHFE tin prices.
Metal18h
Stainless Steel Price Drop Stimulates Destocking, But Significant Inventory Buildup Expected Later [SMM Analysis]
Overnight, the most-traded SHFE 2403 aluminium contract opened at 18,745 yuan/mt, with high and low at 18,760 yuan/t and 18,665 yuan/mt before closing at 18,700 yuan/mt, down 65 yuan/mt or 0.35%.