News

Shanghai Metals Market9m
Low-priced supplies are hard to find in the market, and spot prices rise slightly [SMM EMM Daily Review]
Review: Hard to Find Low-Priced Spot Cargoes, Spot Prices Rise Slightly] The average spot price of EMM in major producing areas is 13,400-13,600 yuan/mt, up 50 yuan/mt MoM; the average FOB price is $1 ...
Shanghai Metals Market57m
Aerospace Engineering: Pre-awarded the EPC project for coal gasification unit of Shaanxi Coal and Chemical Industry Group worth 2.392 billion yuan
Aerospace Engineering (603698.SH) announced that the company, as a contractor/leading participant, participated in the tender for the EPC project of the coal gasification unit in Phase I of the olefin ...
Shanghai Metals Market57m
Tender for raw coal procurement for power generation by the joint-stock company in July 2025
Raw Coal for Power Generation in July 2025 by the Joint-stock Company 2.2 Alternative Procurement Method in Case of Failed Procurement: Direct Procurement 2.3 For details on the procurement content, ...
Shanghai Metals Market56m
Tender for procurement of a batch of materials such as cables
The purchaser for this batch of materials, including cables (PGPGAHHHD250707222404), is the Safety and Environmental Protection Department of Pangang Group Engineering Technology Co., Ltd. The funds ...
Shanghai Metals Market1h
Hongsheng Huayuan: Pre-selected for China Southern Power Grid Project with a Contract Value of Approximately 1.127 Billion Yuan
Hongsheng Huayuan announced that its subsidiaries have been pre-selected as the winning bidders for products such as steel structures for 500kV substations in the first batch of framework tenders for ...
Shanghai Metals Market1h
Operating rate of copper plate/sheet and strip continued to decline in June; "off-season test" continues
According to SMM, the operating rate of copper plate/sheet and strip enterprises stood at 67.44% in June 2025, down 2.68 percentage points MoM and 0.12 percentage points YoY. Among them, the operating ...
Shanghai Metals Market1h
The atmosphere of refusing to budge on prices is strong, and magnesium prices continue to rise [[SMM Magnesium Morning Meeting Summary]]
Today, the transaction price of magnesium ingot in Fugu ranges from 16,300 to 16,400 yuan/mt, up 150 yuan from the previous trading day. The China FOB price remains unchanged at 2,210-2,310 $/mt.
Shanghai Metals Market1h
Off-season hits, operating rate of enamelled wire industry pulls back as expected in June [SMM analysis]
According to SMM, the composite operating rate of the enamelled wire industry in June was 69.93%, down 2.33 percentage points WoW and up 1.27 percentage points YoY. Among them, the operating rate of ...
Shanghai Metals Market1h
US tariffs become the biggest influencing factor, with domestic and overseas lead prices both weakening [SMM Lead Morning News]
News: US Tariffs Become the Biggest Influencing Factor, Lead Prices Fall Both Domestically and Overseas] SMM reported on July 8: Overnight, LME lead opened at $2,058/mt. Affected by the uncertainty of ...
Shanghai Metals Market2h
Tariff Risks Coupled With Supply Increase Expectations, Lead Prices Expected to Pull Back and Consolidate [SMM Lead Morning Meeting Minutes]
Lead Prices May Show a Pullback and Consolidation Trend Amid Tariff Risks and Expected Increase in Supply] Trump's First Wave of Tariff Letters in the US: Starting August 1, the US will impose a 25% ...
Shanghai Metals Market1h
The deadline for the US global tariff is approaching, and the rebound trend of nickel prices is hindered [SMM Nickel Morning Meeting Summary]
In the near term, nickel prices may oscillate weakly within the range of 118,000-123,000 yuan/mt. Trump's July 9 global tariff deadline is approaching, and countries that have not reached trade ...