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 ...
Shanghai Metals Market

Weekly Hot ： the Initial Implementation of Semi-Solid-State ESS

Highlights: Industry consensus this week was that the semi-solid-state route will commercialize first, focusing on the ...
Shanghai Metals Market

China Aims to Double Its Electric Vehicle Charging Service Capacity Within Three Years

China has unveiled an action plan to accelerate the construction of charging infrastructure, aiming to double the country’s ...
Shanghai Metals Market

Stainless Steel Prices Linger at Low Levels, Social Inventory Shifts from Rise to Decline [SMM Analysis]

This week (November 14-20, 2025), the total stainless steel inventory in the Wuxi and Foshan markets showed a slight destocking trend, decreasing from 952,200 mt on November 13, 2025 to 940,000 mt on ...
Shanghai Metals Market

LCO: Raw Material Cost Pass-Through and Stockpiling Demand Jointly Drive Prices to Fluctuate at Highs

The LCO market continued to fluctuate at highs this week, with offers for standard-grade products holding steady at 370,000-380,000 yuan/mt. Price support mainly stemmed from two aspects: on the cost ...
Shanghai Metals Market

China's 2025 Copper Anode Imports Hit Multi-Year Low, Down 15% YoY in Jan-Oct [SMM Analysis]

According to General Administration of Customs data, China imported 55,200 mt of copper anode (HS code: 74020000) in October 2025, up 10.18% MoM but down 8.57% ...
Shanghai Metals Market

[SMM Analysis] Supply-Demand Weak Balance Pattern Remains Unchanged, Oriented Silicon Steel Spot Prices May Show a Narrow Adjustment Trend

Supply-Demand Weak Balance Pattern Remains Unchanged, Grain-Oriented Silicon Steel Spot Prices May Show Range-Bound Adjustment Trend] This week, grain-oriented silicon steel prices in the Shanghai ...
Shanghai Metals Market

General Administration of Customs: China's Refined Tin Imports in October Fell 58.55% MoM - Breakdown Data Overview

According to data released by the Customs Statistics Online Query Platform, China's refined tin imports in October 2025 were 526.12 mt, down 58.55% MoM and 82.75% YoY. Bolivia was the largest origin, ...
Shanghai Metals Market

SHFE Zinc Consolidates During the Day, Awaiting Evening Non-Farm Payrolls Data [SMM Zinc Futures Brief Review]

SHFE Zinc Consolidates During Day Session, Awaiting Evening Non-Farm Payrolls Data]: The most-traded SHFE zinc 2601 contract opened at 22,440 yuan/mt. At the start of the session, bears reduced their ...
Shanghai Metals Market

Iron ore fundamentals are expected to weaken, and ore prices are under pressure, remaining in the doldrums [SMM Brief Comment]

Against this backdrop, iron ore prices remained under pressure and were in the doldrums. However, as hot metal production did not decline as expected, actual demand continued to provide some support ...
Shanghai Metals Market

Zinc Concentrate Imports Fell More Than Expected in October; What to Expect for November? [SMM Analysis]

SMM Analysis：According to the latest customs data, China imported 340,900 mt in physical content of zinc concentrates in October 2025, down 32.56% MoM (a decrease of 164,500 mt in physical content) ...