Shanghai Metals Market

SMM Analysis: Seasonal Demand Boosts Manganese Sulfate; H1 2026 Rally Followed by Pullback, H2 Volatility Expected

The high-purity manganese sulfate market staged a segmented performance in the first half of 2026, rallying in Q1 before slipping into corrective volatility in Q2. Q1 prices were buoyed by cost ...
Shanghai Metals Market

Policy & Demand Headwinds Weigh on Aluminum Scrap Market in H1 2026; Prices Set to Consolidate on a Weak Note in H2

In H1 2026, the aluminum scrap market faced the dual pressures of tightening policies and weak demand, which weighed on ...
Shanghai Metals Market

The most-traded SHFE tin contract opened lower in the night session and then moved sideways, while downstream buyers in the spot market mainly made just-in-time procurement ...

The most-traded SHFE tin contract opened lower in the night session and then maintained a sideways consolidation pattern, while downstream in the spot market primarily engaged in just-in-time procurem ...
Shanghai Metals Market

Secondary Copper Rod Market Struggles with Tax Compliance and Weak Demand in June 2026

In June 2026, the operating rate of secondary copper rod was 14.04%, below expectations of 14.23%, down 0.66 percentage points MoM and down 19.57 percentage points YoY. In June, the secondary copper ...
Shanghai Metals Market

Bullish and bearish factors intertwined to cause disruptions, and the most-traded SHFE tin contract saw wild swings intraday [SMM Tin Brief]

Amid intertwined bullish and bearish factors, the most-traded SHFE tin contract experienced wild swings during the day.] ...
Shanghai Metals Market

SHFE Aluminum Consolidates at Highs, Short-Term Correction Continues; Alumina Adds Positions and Rebounds, but Weak Trend Remains Unchanged [SMM Aluminum Briefing]

Aluminum prices in and outside China fell amid macro headwinds. In the short term, bearish factors dominated and aluminum prices are expected to continue in the doldrums. Today, the alumina 2609 ...
Shanghai Metals Market

East China stockpiling sentiment strengthens; central China purchasing sentiment remains subdued. [SMM Spot Aluminum Midday Review]

During the morning session, the trading center of the SHFE aluminum 2606 contract was lower than the same period of the previous trading day. Pressured by the decline in aluminum prices, selling ...
Shanghai Metals Market

[SMM Steel] ASEAN HRC Prices Stable as Vietnam Buying Stays Weak

SEA] SEA HRC prices held stable at USD 530/tonne CFR in a sluggish market. Indonesian SAE1006 HRC offers to Vietnam stood at USD 525/tonne CFR, while ...
Shanghai Metals Market

[SMM Steel] Vietnam HRC Buying Weak as Sentiment Stays Cautious

Vietnam] Vietnam’s import HRC market remained sluggish, with Indonesian SAE1006 HRC offers steady at USD 525/tonne CFR and mainstream ASEAN HRC price ...
Shanghai Metals Market

[SMM Steel] India Alang Ship-Breaking Scrap Rises on Rain-Hit Supply

India] Alang HMS 80:20 ship-breaking scrap in Gujarat rose to USD 353/tonne EXW as persistent rainfall disrupted cutting activity and tightened proce ...
Shanghai Metals Market

[SAIL and Krakatau Steel Explore Stainless Slab JV in Indonesia]

India’s SAIL and Indonesia’s Krakatau Steel signed an MoU to explore a joint venture for stainless steel slab production in Indonesia. The project wou ...
Shanghai Metals Market

Geopolitical Conflict Continues to Simmer, Copper Prices Extend Consolidation on a Subdued Note [SMM Copper Morning Comment]

Overnight, LME copper opened at $13,206/mt, with the price center dipping to $13,146/mt in early trading before drifting higher, touching a high of $13,270/mt near the close, and finally settling at ...