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![[SMM Conference] Global Metal Elites Gather at SME 2025, Linking International Industry Networks and Decoding 2026 Metal Price Trends](https://imgqn.smm.cn/production/admin/votes/imagesmIHTs20251202105459.jpeg)
[SMM Conference] Global Metal Elites Gather at SME 2025, Linking International Industry Networks and Decoding 2026 Metal Price Trends
Dec 09, 2025 11:50
On November 26, the Shanghai Metals Expo (SME) 2025, organized by SMM Information & Technology Co., Ltd. and SMM Trading Center Co., Ltd., wrapped up successfully in Shanghai, China!
[SMM Import Analysis] Iron Ore Imports in November Fell Slightly by 0.7% Month-on-Month, and Imports in December are Expected to Rebound Slightly Due to Concentrated Shipments from Mines
In November, China imported 110.54 million tons of iron ore and concentrates, declined 769,000 tons MoM, a decrease of 0.7% MoM. Cumulative imports from January to November totaled 1.139202 billion tons, up 1.4% YoY.
Dec 9, 2025 11:57
[SMM Conference] Global Metal Elites Gather at SME 2025, Linking International Industry Networks and Decoding 2026 Metal Price Trends
On November 26, the Shanghai Metals Expo (SME) 2025, organized by SMM Information & Technology Co., Ltd. and SMM Trading Center Co., Ltd., wrapped up successfully in Shanghai, China!
Dec 9, 2025 11:50
[SMM Steel Import and Export Analysis] Annual Steel Exports Expected to Reach a New High!
On December 8, data from the General Administration of Customs showed that China exported 9.98 million mt of steel in November 2025, an increase of 198,000 mt MoM, up 2.0% MoM. Cumulative exports from January to November reached 107.717 million mt, up 6.7% YoY.
Dec 9, 2025 10:49
[SMM Analysis] Lead Ingot Social Inventory Hits 15-Month Low, While Smelter Inventory Climbs
[SMM Analysis: Downstream Procurement Favors Nearby Warehouse Cargoes, Lead Ingot Social Inventory Hits Fresh 15-Month Low Again]
SMM Dec 8: As of December 8, the total social inventory of lead ingots across five regions tracked by SMM fell to 20,500 mt, down 10,200 mt from December 1 and 3,200 mt from December 4, hitting a new low again in 15 months.
Dec 8, 2025 14:11
![[SMM Analysis] Lead Ingot Social Inventory Hits 15-Month Low, While Smelter Inventory Climbs](https://imgqn.smm.cn/production/admin/news/en/pic/iXrjW20251208142102.png?imageView2/1/w/176/h/135/q/100)
Enamelled Wire: Marginal Improvement in November Demand Supports a Weak Recovery, Record-High Copper Prices Hinder the Rebound in December Operating Rates
According to SMM, the comprehensive operating rate of the enamelled wire industry in November was 67.91%, up 3.44 percentage points MoM, but down 1.33 percentage points YoY. Among them, the operating rate of large enterprises was 68.38%, that of medium-sized enterprises was 66.05%, and that of small enterprises was 69.29%.
Dec 8, 2025 09:23
[Analysis] Upstream Holds High-Grade NPI Prices Firm, But Short-Term Fundamental Pressure Is Evident
The average price of high-grade NPI dropped by 4 yuan/mtu WoW to 881.3 yuan/mtu (ex-factory, tax included), while the Indonesian NPI FOB index price fell by $0.21/mtu WoW to $109.63/mtu.Entering December, as stainless steel and SHFE nickel futures prices rose, market sentiment recovered somewhat. At the same time, high-grade NPI smelters faced dual pressures from long-term contract negotiations and prices below cost lines, leading to clear efforts to hold prices firm. High-grade NPI prices gradually stabilized.
Dec 6, 2025 18:03
![[Analysis] Upstream Holds High-Grade NPI Prices Firm, But Short-Term Fundamental Pressure Is Evident](https://imgqn.smm.cn/news/xWlTD20220406172143.jpg)
European Tungsten Prices Maintain Upward Trajectory Amid Supply Constraints [EU Tungsten Analysis]
On December 5, APT CIF Rotterdam prices reached $780–820/mtu, up $40/mtu week-on-week, while ferrotungsten rose $8.5/kg to $98–99/kg W. European prices continue to be lifted by sustained strength in the Chinese market and robust downstream demand from the hard metal industry. Supply remains tight across the raw material chain, with tradable APT extremely scarce.
Dec 5, 2025 14:21
4th Stop of 2025 SMM APAC Lead-Acid Battery Industry Conference Field Trip: KIJO Battery (Vietnam) Co., Ltd.
Prior to the 2025 SMM APAC Lead-Acid Battery Industry Conference, organized by Shanghai Metals Market (SMM), SMM led a delegation on a corporate visit to KIJO Battery (Vietnam) Co., Ltd. for exchange and insights.
Dec 5, 2025 10:50
Price Surge Acorss Entire Tungsten Industry Chain: Upstream Supply Constraints as Core Driver, Bull Market to Continue
SMM December 4th News:Driven by the rally in upstream raw materials, the entire tungsten industrial chain has witnessed a synchronized upward movement. Given that the supply-demand imbalance in the tungsten market is unlikely to be resolved in December, the upward trend across the whole industrial chain is expected to continue.
Dec 4, 2025 17:53
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