News

Shanghai Metals Market16h
US non-farm payrolls data for May slightly exceeded expectations, reinforcing the US Fed's "wait-and-see" stance.
Jeffrey Rosenberg, senior portfolio manager at BlackRock, commented that today's US non-farm payrolls data reinforced the US Fed's "wait-and-see" attitude. There are signs that employment growth ...
Shanghai Metals Market16h
US Stock Market Close: Non-farm Payrolls Data Exceeds Expectations, All Three Major Indexes Rise Over 1%, S&P 500 Returns to 6,000 Points
Circle, the "first stablecoin stock," extended its rally, closing up more than 29% on its second day of trading, with cumulative gains of over 247% in two trading days. Major tech stocks rose across ...
Shanghai Metals Market18h
Secondary Copper Rod Sales Continue to Incur Losses, Operating Rate Decline Exceeds Expectations [SMM Analysis]
Secondary Copper Rod Sales Continue to Incur Losses, Operating Rate Decline Exceeds Expectations] In May, the operating rate of secondary copper rod was 29.92%, lower than the expected 32.74%, down 3.
Shanghai Metals Market15h
PBOC increased its gold reserves for the seventh consecutive month, up 60,000 ounces MoM.
In May, the People's Bank of China (PBOC) increased its gold reserves for the seventh consecutive month, but the pace of increase slowed further, while foreign exchange reserves rose steadily.
Shanghai Metals Market1d
Wall Street's Take on Tonight's Non-Farm Payrolls: If the Number Falls Below 100,000, Will the Bull Market in U.S. Stocks End?
Whisper numbers are unofficial and unpublished forecasts circulating among Wall Street professionals, often disclosed to VIP ...
Shanghai Metals Market1d
Bidding price for molybdenum ore rises again, molybdenum market to hover at highs in short term [SMM Analysis]
Molybdenum Ore Bidding Prices Rise Again, Molybdenum Market to Fluctuate at Highs in Short Term] As June began, the ...
Shanghai Metals Market1d
Silver and Platinum Soar Together! Are Gold's "Little Brothers" Booming Simultaneously?
According to industry-compiled data, the open interest in platinum ETFs is currently showing signs of a rebound, having ...
Shanghai Metals Market1d
High-Grade NPI Prices Are Under Pressure, With Worsening Dilemmas On Both The Supply And Demand Sides
This week, the average price of SMM 8-12% high-grade NPI was 954.6 yuan/mtu (ex-factory, tax included), marking a 1.3 ...
Shanghai Metals Market1d
Nandan County South China Nonferrous Metals tenders for approximately 3,000 kg of indium ingots [SMM Indium Report]
News: According to official sources, Nandan County South China Nonferrous Metals Co., Ltd. plans to export indium ingots with specifications of 99.995% and execution standard YS/T257-2009, ...
Shanghai Metals Market1d
Improved sentiment drives iron ore prices to rebound slightly [SMM Commentary]
The fundamental contradictions of iron ore itself were relatively small. It is expected that the ore prices will continue to hold up well next week, with opportunities for a slight rebound.
Shanghai Metals Market1d
Strong profits from smelting acid strongly support copper smelting business [SMM Analysis]
[SMM Analysis: Strong Profitability of Smelting Acid Supports Copper Smelting Business] SMM believes that the backwardation structure of SHFE will weaken in the future market, and the premise of our ...
Shanghai Metals Market1d
Insufficient upward momentum in the futures market, spot price remains stable for now [SMM Manganese Silicon Futures Review]
Insufficient Upside Momentum in Futures Market Leads to Temporary Stability in Spot Prices] The SM2509 contract opened at 5,538 yuan/mt, fluctuated upward after the morning session, and eventually ...