Shanghai Metals Market

Carmakers in China Offer Subsidies to Spur Orders Ahead of Purchase Tax Policy Change

With China’s policy of exempting new energy vehicles from purchase tax set to be changed next year, automakers are offering ...
Shanghai Metals Market

Supply-Demand Tight Balance Contests Macro Pressure, SHFE Tin Closes Lower Under Pressure at Noon [SMM Tin Midday Review]

Supply-Demand Tight Balance Contends with Macro Pressure, SHFE Tin Closes Lower Under Pressure at Midday] During the afternoon session on November 21, 2025, the most-traded SHFE tin 2512 contract ...
Shanghai Metals Market

[SMM Sheets & Plates Imports & Exports] China's exports of sheets and plates fell 4% YoY in January-October 2025.

According to data from the General Administration of Customs, China exported 9.782 million mt of steel in October 2025, down 683,000 mt or 6.5% MoM from the previous month. From January to October, ...
Shanghai Metals Market

Secondary Lead: Few Spot Orders for Secondary Lead, Suppliers Hold Back Cargoes [SMM Lead Noon Review]

The SMM #1 lead average price today dropped by 50 yuan/mt to 17,075 yuan/mt compared with yesterday, and suppliers of secondary refined lead showed low willingness to sell, resulting in fewer ...
Shanghai Metals Market

[SMM Nickel Midday Review] Nickel Prices Plunge Sharply on November 21 as Expectations for US Fed Interest Rate Cut Weaken

The most-traded SHFE nickel contract (2601) fluctuated rangebound during the night session; after the morning session opened, prices fell sharply, and by the midday close, it was quoted at 114,110 ...
Shanghai Metals Market

Copper prices weakened downstream with fear of high prices, market activity cooled [SMM North China spot copper]

In North China today, spot #1 copper cathode prices against the front-month contract were at a discount of 180-140 yuan/mt, averaging a discount of 160 yuan/mt, unchanged from the previous trading day ...
Shanghai Metals Market

Copper Plate/Sheet and Strip Exports Fell MoM in October, with the Thai Market Recording a 30.3% YoY Decline

According to data from the General Administration of Customs, China's exports of copper plate/sheet and strip in October 2025 totaled 9,776.79 mt, down 18.16% MoM and 8.28% YoY. From January to ...
Shanghai Metals Market

U.S. Dollar Index Fluctuates at Highs, LME Lead Nearly Falls Below $2,000 Mark [SMM Lead Morning Brief]

US Dollar Index Fluctuates at Highs, LME Lead Nearly Falls Below $2,000/mt Mark] SMM Nov 21: Overnight, LME lead opened at $2,020/mt and remained in the doldrums throughout the day, pressured by high ...
Shanghai Metals Market

Fundamentals Provide Limited Support, Lead Prices May Remain in the Doldrums [SMM Lead Morning Meeting Minutes]

Limited Fundamental Support, Lead Prices May Remain in the Doldrums] China's LPR remained unchanged for the sixth consecutive month: the five-year LPR stood at 3.5%, and the one-year LPR was 3% in ...
Shanghai Metals Market

Antimony oxide exports from China plummeted month-on-month in October [SMM Data]

SMM June 3 News: According to SMM, Shandong Humon has announced an open tender for the sale of approximately 64 tons of antimony trioxide (Sb₂O₃) starting today. Official sources indicate that this ...
Shanghai Metals Market

[SMM Analysis] China's refined nickel shifted to net exports in October, with imports down 66% MoM and exports down 3% MoM

In October 2025, China's refined nickel imports totaled 9,741 mt, down 66% MoM and 6% YoY. China's refined nickel exports ...
Shanghai Metals Market

Inx Technology Solid-State Battery Layout: Phase I 2 GWh Production Line at East China Base Completed and Delivered

Inx Technology focuses on oxide solid-state electrolyte and lithium metal anode technology, achieved a breakthrough in 2022 ...