[SMM afternoon Review] Green manure Red and thin crude Oil is up nearly 1.7% in the non-ferrous market, hot rolling up 4%, iron ore down 2%, black system trend differentiation.

Published: Jun 24, 2019 11:49

Save

In the black system, the hot roll rose by nearly 4.2%, the thread by nearly 3%, coke by nearly 0.3%, coking coal by nearly 1%, and iron ore by nearly 2.1%. On the news side, it is reported that on June 22, members of the standing Committee of the Tangshan Municipal CPC Committee issued a "report on the air quality of the whole city," which said that from June 1 to 20, the Tangshan composite index was 6.821, rising 11.65 percent instead of falling, ranking first among 168 cities in the country. The specific reasons include unfavorable meteorological conditions, limited production and no reduction in production, and so on. The next step will be to increase the intensity of emission reduction and stop production. Since July, the performance evaluation of Class A iron and steel enterprises sintering machine (pellets), blast furnace, converter production limit of 20%; other steel enterprises limited production rate of not less than 50%. "[SMM News] Tangshan informs steel enterprises to stop production and limit thread production by more than 3 per cent

Last issue of crude oil rose nearly 1.7%, news, according to Xinhuanet reported on June 24, U. S. President Donald Trump threatened Iran 22, will be additional "big sanctions" next week, and he did not "give up" the military strike, just "postponed." According to US media reports, the United States launched a secret cyber war against Iran on the 20th. Trump also threw out "Hu Ruobu," saying that if Iraq agrees to reach a new agreement with the United States, it will have economic benefits, and he is willing to "make friends" with Iraq.

Spot today:

Lead: Guangdong market Nanhua lead 16050 yuan / ton, the average price of SMM1# lead flat water to liter water 50 yuan / ton; southern storage south 16075 to 16095 yuan / ton, 1907 contract water 30 50 yuan / ton; southern storage and Mongolia from 16030 yuan / ton, SMM1# lead average price 30 yuan / ton. Lead prices rose rapidly, but consumption has not improved, the purchase of enterprises to wait and see, the transaction is very light. Henan Yuguang and other smelters mainly to long single transaction; Jinli 15900 yuan / ton, the average price of SMM1# lead discount 100 yuan / ton quotation; Wanyang 15930 to 15950 yuan / ton, SMM1# lead price discount 50 to 70 yuan / ton quotation; refineries maintain discount shipment, downstream is still low procurement, market trading is bleak. Other areas such as: Jiang copper 16030 yuan / ton, the average price of SMM1# lead 30 yuan / ton. Refinery to long single transaction, bulk order shipping enthusiasm is not high, but the terminal consumption is relatively low, the market transaction is still light.

< updating >

Click to sign up for this summit

"Click to sign up for this summit

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

SMM reviews exclusive reports headlines recommended

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

26 mins ago

Yihao New Materials Reports 50.85% YoY Net Loss Increase, HVLP Copper Foil in Testing Phase

[Yihao New Materials: 2025 Net Loss of RMB 58.6219 Million Widened 50.85% YoY, HVLP Copper Foil Still in Sample Testing Stage] Yihao New Materials announced that the cumulative deviation in its closing price increase over the two consecutive trading days on June 15 and June 16, 2026, reached 30%, constituting abnormal fluctuation in stock trading. After self-inspection, the company stated that previously disclosed information requires no correction or supplement; there have been no significant changes in recent production and operations or in the internal and external business environment; the controlling shareholder and actual controller have no undisclosed matters that should have been disclosed, and did not trade the company’s shares during the fluctuation period. The company warned of risks, noting that its net loss attributable to shareholders of the listed company for 2025 was RMB 58.6219 million, a loss that widened by 50.85% YoY compared to 2024, and its overall performance was weaker than the industry average. The certification progress for its HVLP copper foil is slower than some of its peers; it is currently in the sample testing, analysis, and certification stage and has not yet generated revenue. In addition, the second-phase 5,500-mt production line of the “High-Precision Electrolytic Copper Foil Project with an Annual Capacity of 10,000 mt” raised investment project is advancing equipment installation and commissioning, and the commissioning time is subject to uncertainty.

26 mins ago

27 mins ago

Yunnan Energy to Invest in 25 MW Mugua Ping Wind Farm Project, Expected Completion in 10 Months

[Yunnan Energy Investment: Company Plans to Invest in the Mugua Ping Wind Farm Project] Yunnan Energy Investment announced that its controlling shareholder, Yunnan Energy Group, was the bid winner for the Fuyuan County Mugua Ping Wind Farm Project under Yunnan Province's third batch of new energy projects in 2025. In accordance with Yunnan Energy Group's overall strategy and the relevant requirements for the development and construction of Yunnan Province's third batch of new energy projects in 2025, the company will actively proceed with the construction of the Fuyuan County Mugua Ping Wind Farm Project. The project is expected to have a total installed capacity of 25 MW and a total construction period of 10 months.

27 mins ago

31 mins ago

China's Household Appliance Exports Rise 4.1% in Jan-May 2026, Reaching $42.785B

According to the General Administration of Customs statistics flash, from January to May 2026, China's household appliance exports reached 1.917549 billion units, up 4.1% YoY from 1.842568 billion units in the same period last year; export value was $42.785 billion, up 4.3% YoY from $41.017 billion. In May alone, household appliance exports stood at 419.892 million units; export value was $8.982 billion, up 9.5% YoY.

31 mins ago