SMM data shows that the most-traded SS contract weakened this week. As of 10:30 a.m. on May 30, the SS2507 contract was quoted at 12,700 yuan/mt, down 195 yuan/mt WoW.

SMM Analysis] It cannot be ignored that the shortage of copper concentrates has gradually been transmitted to copper cathode. In the first half of 2024, there were continuous reports of production ...

[SMM Daily Review: Market Sentiment Leans Towards Wait-and-See, Short-Term High-Grade NPI Prices Remain Stable] On May 30, the average price of SMM 8-12% high-grade NPI was 954 yuan/mtu (ex-factory, ...

Recently, SMM has learned that there has been a new breakthrough in hydrogen energy technology: the amount of iridium used in PEM electrolyzers has dropped by 70%, and the new-type catalyst developed ...

The latest data shows that after the global tariff issues have cooled down, particularly with the easing of trade relations between the two largest economies, cross-Pacific shipping trade continues to ...

Warning of Simultaneous Decline in Volume and Price Amid Sluggish Stainless Steel Demand] SMM reported on May 30 that today, the SS futures market continued its fluctuating trend. Despite the ...

SMM Analysis] In May, Shanghai spot copper premiums jumped initially and then pulled back, rapidly retreating after briefly touching premiums above 400 yuan/mt. Before the contract rollover of SHFE ...

This week, the stainless steel market saw a pattern where production costs and spot prices declined in tandem. Despite a slight increase in the price of high-grade NPI, the prices of high-carbon ...

Tianhe Magnetics previously released its Q1 2025 report, which showed that during the reporting period, the company achieved operating revenue of 525 million yuan, down 5.75% YoY; net profit ...

DCE iron ore futures continued to trade in the doldrums, with the most-traded contract I2509 closing at 702, down 0.43% for the day. Traders' willingness to sell was moderate; steel mills' restocking ...