News

Shanghai Metals Market3h

The Sentiment in Rare Earth：Another Reason for Rising Price

In July, the price trend of Pr-Nd alloy continued to rise, increasing from an average price of 545,000 on July 3rd to 635,000 ...
Shanghai Metals Market2h

Anhui's Third Batch of 8 Hydrogen-Powered Sanitation Vehicles Delivered in Lu'an, Marking a New Milestone of 100 mt Carbon Reduction

As a "veteran" in Anhui's hydrogen-powered sanitation sector, Lu'an City has accumulated over 40,000 kilometers of operation since launching the province's first hydrogen-powered sweeper truck in ...
Shanghai Metals Market2h

Xie Hydrogen Releases World's First Mass-Produced 20kW Air-Cooled Hydrogen Fuel Cell Stack, Ushering in the Era of Heavy-Duty Drones

Xiehydrogen New Energy announced the official launch of the world's first mass-produced 20kW single-stack air-cooled hydrogen fuel cell. With a weight of 19kg and a compact size of 384×127×507mm, it ...
Shanghai Metals Market2h

SHFE copper jumps initially and then pulls back amid sentiment, will prices continue to be trapped amid the off-season? [Wenhua Observation]

Recent copper price fluctuations have intensified slightly compared to Q2, with two waves of jumps initially and then pull backs occurring in late June and late July. The first rally was primarily ...
Shanghai Metals Market9h

GE Vernova Signs Long-Term Service Agreement for Asia's First Natural Gas-Hydrogen Dual-Fuel 9HA Power Plant

As the first natural gas-hydrogen dual-fuel 9HA power plant in mainland China, the Huizhou Daya Bay Project ordered two ...
Shanghai Metals Market2h

Weak demand puts pressure on titanium metal prices today [SMM Spot Titanium Report]

[SMM Titanium Spot Cargo Update: Weak Demand Leads to Pressure on Titanium Metal Prices Today] SMM reported on July 30 that the quoted price for TA1 titanium ingot was 57,000-58,000 yuan/mt, for TA2 ...
Shanghai Metals Market3h

Magnesium plants show strong reluctance to budge on prices, and the market is waiting for demand to be released. [SMM Spot Magnesium Ingot Report]

SMM reported on July 30 that today, the ex-factory price of magnesium ingots in Fugu was 17,000-17,200 yuan/mt, with an average price of 17,100 yuan/mt; the FOB quote was $2,350-2,450/mt.
Shanghai Metals Market4h

The market is mostly waiting and watching, with SHFE zinc fluctuating and consolidating [SMM zinc futures brief comment]

The most-traded SHFE zinc 2509 contract opened at 22,735 yuan/mt. In the early trading session, bulls reduced their positions, causing SHFE zinc to fluctuate downward below the daily average line.
Shanghai Metals Market3h

BC copper fluctuates and closes lower, with the US Fed meeting attracting attention [SMM BC copper commentary]

Today, the most-traded BC copper 2509 contract opened at 70,070 yuan/mt and closed in the red. During the night session, the center of the most-traded BC copper 2509 contract gradually moved up, ...
Shanghai Metals Market4h

Expectations dashed and rumors of production restrictions suppress iron ore prices, moving downwards after a higher opening [SMM Commentary]

Market news indicated that Zhao Minge, President of the China Iron and Steel Association, stated that China would continue to implement crude steel production control policies in 2025, with relevant ...
Shanghai Metals Market3h

Multiple driving forces boosted copper prices in H1. Can they continue to rise in H2? [SMM Special Report]

From the changes in LME copper cathode inventory data, the LME copper inventory on June 30 was 90,625 mt, a decrease of 180,725 mt compared to the inventory data of 271,350 mt on January 2, ...
Shanghai Metals Market4h

The SiMn futures market fluctuated downward, with market reluctance to budge on prices remaining strong [SMM manganese-silicon futures review]

Cost side, the manganese ore market has continued to strengthen recently, with quoted prices gradually rising. Traders have shown low willingness to sell at low prices, and various types of manganese ...