2021SMM South China Nonferrous Metals Industry Annual meeting invites you to get together in Foshan in December!
The list of some guests attending the 2021SMM South China Nonferrous Annual Conference has been announced!
SMM Tin Morning News: fundamentally, the relationship between supply and demand is still in a relatively balanced state, but in the near future, we need to pay attention to the impact of repeated port closures in Myanmar on mine-end raw materials. On the market trend, the price of Shanghai tin 2112 contract fell slightly, and the trend was below 290000 yuan / ton most of the time. The action of the replacement of the main contract is accelerated.
"the price trend fluctuates steadily and the replacement of main contracts accelerates [SMM Tin Morning News]
"Click to view the price of SMM tin products
Summary of SMM Steel Morning meeting: yesterday's snail rose first and then suppressed, and the spot in many places rose slightly by 10-30, and the overall transaction was more general. Early trading held steady operation, rapid intraday pull up, spot with rising, relatively hot trading; afternoon snail pullback, turnover weakening, due to the general low inventory of traders, the spot is relatively strong. In recent days, spot transactions continue to improve, terminal purchases are mostly, snails have signs of stabilizing and rebounding, and many local traders feedback market resources are tight, comprehensive, short-term building materials prices may have strong support, wide shock operation; in the medium to long term, the demand side is approaching winter, the demand for terminal steel continues to weaken, and the cost still has some room to decline, and the spot may run weakly.
"the black line uplift thread sold hot yesterday morning [minutes of SMM Steel Morning meeting]
"Click to view the price of SMM steel products
The dollar index remained near a 16-month high on Tuesday, hitting a 16-month high of 96.612 at one point in intraday trading, and held steady near the 16-month high despite a pullback near the close. In terms of crude oil, international oil prices climbed on Tuesday, with cloth oil rising to an one-week high of more than 3.5%, and US oil rose more than 2.7% at one point in intraday trading.
The dollar hit a 16-month high, putting some pressure on the metal market, which was mixed. Only shanghai copper, shanghai lead and shanghai nickel closed higher, with shanghai lead leading the way with an increase of 1%, while shanghai nickel and copper both rose more than 0.4%. Shanghai tin fell the most, with 1.11%. Black rose across the board, with threads, hot rolls, iron ore up more than 1% and stainless steel up 2.23%. Coking coal opened strongly at night, closing up 5.05% and coke up 1.49%.
The performance of the outer disk is slightly better than that of the inner disk. Lun Al Lun Zinc is only two floating green, and Lun Zinc bears the brunt of the 1.64% decline. Lenny had the biggest increase, reaching 0.67%. Lun copper edged up 0.59% on Tuesday.
Today's macro focus on the number of U.S. jobless claims that week, the actual annualized quarterly rate of GDP in the third quarter, consumer spending in the third quarter and the PCE price index annualized rate in October and other data.
"[overnight market] Metals rise and fall each other. Shanghai lead is up 1% | crude oil futures are up more than 2%.
"Click to view the price of SMM copper products.
"Click to view the price of SMM aluminum products
"Click to view the price of SMM lead products
"Click to view the price of SMM zinc products
"Click to view the price of SMM nickel products
U. S. stocks closed mixed on Tuesday, with the Dow up to varying degrees and the Nasdaq closing down slightly. The Dow rose 194.55 points, or 0.55%, to 35813.80; the Nasdaq fell 79.62 points, or 0.50%, to 15775.14; and the Standard & Poor's 500 Index rose 7.76 points, or 0.17%, to 4690.70.
[SMM Shanghai Copper spot: Shanghai Copper Operation Center of gravity moves upward, spot water rises and then falls] SMM: today, Shanghai electrolytic copper spot contracts were quoted at 590 yuan / ton to 830 yuan / ton in the current month, with an average price of 710 yuan / ton, down 415 yuan / ton from the previous day. The transaction price of Pingshui copper is 72270-72520 yuan / ton, and that of Shengshui copper is 72370-72650 yuan / ton. Today's Shanghai copper morning market opened slightly lower, the next test daily moving average of 71300 yuan / ton support quickly stopped falling and rebounded, after the second period of time, the center of gravity will revolve around 71750 yuan / ton narrow range shock finishing. "View details
[SMM analysis: the export volume of China's aluminum profiles decreased by 8% month-on-month in October and the increase is expected to be expected in November! According to customs data, the export volume of Chinese aluminum profiles (tariff No. 76041010, 76041090, 76042100, 76042910, 76042910, 76042990) was 74400 tons in October 2021, down 8% from the previous month and 4% from the same period last year. The main reason for the decline in aluminum profile exports this month is that on the one hand, there are 7 days of legal National Day holidays in China, which affects export customs declaration, on the other hand. "check the details.
[SMM analysis: European refineries are mired in energy problems, high costs cannot be falsified in the short term] the fire of energy problems in Europe has once again hit the metal market this week. Due to the impact of high energy prices on industrial production, Glencore's Italian portovesme smelter recently began maintenance, affecting production capacity of 100000 tons per year, lasting until the end of December, and is expected to affect production of about 8000,000 tons. Spurred by the news, zinc rose 3.97% overnight, and 3.40% in shanghai today. SMM calculated the profits of European refineries. "View details
[SMM analysis: there is a surplus in the supply of ternary cathode materials. It is expected that the market price of ternary cathode materials will rise slowly with lithium prices.] recently, the market price of ternary cathode materials has shown a slight upward trend. From the cost point of view, under the condition that the market of nickel, cobalt and manganese raw materials is relatively stable and there is a surplus of precursor supply, the price of precursors remains unchanged, and the cost of ternary materials is increased driven by the price of lithium salt. From the perspective of supply and demand pattern, according to SMM survey, the total output of ternary materials in China in October was about 39000 tons, an increase of 4.7% over the previous month. "check the details.
"Click to view the price of SMM new energy products
[Foshan stainless steel daily review: stainless steel market is still weak prices can not stop falling in the short term] SMM November 23: today's stainless steel spot prices in all series of steel mills have cut more after yesterday's guidance prices, today is basically flat, but some steel market mainstream transaction prices are still down, low-price shipments still exist, Foshan 304 cold rolling afternoon to 17900 yuan / ton base price as the market mainstream transaction price. "check the details.
[SMM Daily Review: electricity prices rise iron prices downward ferrochrome profits reduced] November 23 news, today Inner Mongolia high-carbon ferrochromium quotes 9400-9600 yuan / 50 base tons; Guangxi region news, Guangxi electricity prices are expected to rise again about 0.1 yuan, Sichuan region is approaching the dry season, electricity charges also have plans to rise, ferrochrome production costs increased slightly; The price of ferrochromium is further lower, on the basis of local electricity price differences. "View details
[SMM hot rolled goods: accelerated circulation of resources in North China mainstream market arrivals are incremental] SMM Iron and Steel, according to SMM statistics, this week estimated that the total market resources arrival volume of 262000 tons, an increase of 17000 tons, an increase of 8.9%. Look at it by market. "check the details.
[SMM Coke spot Daily Review: mainstream steel mills opened the seventh round of coke price reduction 200 yuan / ton] SMM November 23 coke news, because coke shipments are not smooth, coking enterprise inventory pressure has not been alleviated, and coke has a tendency to continue to accumulate storage, coke supply shows a loose situation, so the mainstream steel mills on coke for the seventh round of coke price reduction of 200 yuan / ton, has basically landed, the current first-class metallurgical coke-dry quenching 3300 yuan / ton; Quasi-first-class metallurgical coke-dry quenching 3100 yuan / ton; primary metallurgical coke 2800 yuan / ton; quasi-primary metallurgical coke 2650 yuan / ton. "check the details
[iron ore futures rose for three days in a row. Related concept stocks collectively strengthened] November 23 news, November 19, iron ore futures hit a new low since January 17, 2019 recently rebounded in a row, today hit the limit of 598.5 yuan / ton, the third day in a row to rebound. Under the linkage of futures and stocks, A-share iron ore concept stocks also strengthened collectively today, Hegang resources rose by the limit, Dazhong Mining rose more than 7%, Jinling Mining and Jiugang Hongxing rose more than 4%, and Linggang shares rose more than 2%. "View details
[SMM billet adjustment operating rate: steel prices fluctuate sharply. Billet adjustment steel production is more cautious. This month, the operating rate fell slightly by 1.71%.] according to SMM research, as of November 23, the operating rate of billet adjustment steel mills mainly producing building materials was 62.36%, down 1.71% from 64.07% in October and 7.64% lower than that in the same period last year. "check the details.
[SMM Manganese Mine Daily Review: manganese ore shipment is poor wait-and-see] November 23rd, today manganese ore maintained stable operation. Due to the current downstream situation is not very optimistic, due to the increase in the cost of alloy factories with spontaneous production reduction day by day, the demand for manganese ore has weakened, and the current price of manganese ore is still high for alloy factories, so the purchase is more cautious. In terms of miners, most miners are more pessimistic about the future. At present, the demand for manganese ore is weak, and the miners are not willing to quote. "check the details.
[SMM Silicon and Manganese Market Daily Review: weak demand spontaneously reduces the number of iron mills] November 23, the northern market Si-mn 6517 (cash) 7850-8350 yuan / ton, the southern market Si-mn 6517 (cash) 8150-8550 yuan / ton. In the spot market, due to the excessive drop in the spot price of silicon and manganese at present, although the raw materials have dropped somewhat, the high-priced raw materials purchased by manufacturers before are still in existence, and the cost has not yet dropped to the expected position, and the upside-down is obvious, so more and more manufacturers have joined the ranks of spontaneous production reduction, and the output is guaranteed to be supplied by the agreement order. In addition, the winter ushered in the off-season of downstream steel mills, the demand for silicon and manganese is weak, but the spot market is relatively rich, and the spot price in the future may be weak. "check the details.
[SMM molybdenum spot KuaiBao: molybdenum market price narrow fluctuation market game reappearance] SMM November 23: today's 45% domestic molybdenum concentrate mainstream transaction price 1900-1920 yuan / tonnage, the price is 5 yuan / tonnage higher than yesterday; 60% molybdenum iron mainstream transaction price 12.85-131500 yuan / ton, the price is more stable than yesterday. But at present, weak downstream demand is still the main factor restricting price rises. According to SMM statistics, the tender volume of ferromolybdenum in China as of November is about 6900 tons, which is better than that of October, but there is still a large gap compared with the third quarter. Superimposed steel mills are affected by current benefits, the overall price reduction mentality is heavy, and the market enters the "game period" again. "check the details.
[SMM announcement: announcement on the new magnesium alloy AZ91D FOB price point] in order to facilitate magnesium upstream and downstream enterprises to better control changes in the magnesium market and timely reflect the spot market prices, reduce magnesium market transaction risks and transaction costs, and constantly improve and deepen the research of the magnesium industry chain, SMM plans to release new magnesium alloy AZ91D FOB prices from November 29th for market reference after a period of precipitation and market research. "View details
[SMM magnesium ingot spot KuaiBao: magnesium prices continue to fall] SMM November 23: the mainstream price of 90 magnesium ingots in Fugu area today is 33000 yuan / ton-33500 yuan / ton, down 3000 yuan / ton from yesterday. "check the details.
[SMM analysis: October metal silicon export volume dropped 29% month on month] SMM November 23: customs data show that China's metal silicon export volume in October 2021 was 51000 tons, a sharp decrease of 29% month-on-month and 12% lower than the same period last year. The cumulative export volume of silicon metal from January to October in 2021 was 657000 tons, an increase of 34 percent over the same period last year. "View details
[South rare earth listing price release of terbium oxide and dysprosium oxide continued to decline] A few days ago, southern rare earths announced the latest listing price of medium and heavy rare earth oxides. This week, the listing prices of many varieties were reduced, only samarium oxide and yttrium oxide rose. Among them, europium oxide, gadolinium oxide, ytterbium oxide, lutetium oxide and scandium oxide were the same as last week, samarium oxide increased by 11000 yuan / ton, yttrium oxide increased by 1000 yuan / ton, terbium oxide decreased by 750000 yuan / ton, dysprosium oxide decreased by 50, 000 yuan / ton, holmium oxide decreased by 25000 yuan / ton, and erbium oxide decreased by 20, 000 yuan / ton. "check the details.
[SMM Daily Review: praseodymium and neodymium products are highly bullish] affected by policy bullish news, market bullish sentiment was boosted, and the capital market rare earth sector closed higher almost across the board. With the rise in the spot market, the spot quotation for praseodymium-neodymium products has increased. Today, the market for praseodymium-neodymium products has an upward trend. A small amount of praseodymium-neodymium oxide market traded at 790000 yuan / ton. Praseodymium-neodymium metal was quoted at 970000 yuan / ton in the morning and 980000 yuan / ton in the afternoon Praseodymium and neodymium products are actively traded in the market, and the holders are bullish in the future and have a strong sentiment of cherishing sales. "View details
"Click to view the price of SMM rare earth products.
According to SMM, the crude production capacity of Chinese smelters originally planned to start production in 2022 has shifted back to varying degrees, and the increment of domestic copper concentrate demand will mainly come from the new expansion of Daye Yangxin Hongsheng and the resumption of production of Fangyuan. But next year, the release of refining capacity of Chinese smelters will be significantly larger than that of crude smelting capacity, and the increase in domestic demand for copper concentrate will mainly come from the new expansion of Daye Yangxin Hongsheng and the resumption of production in Fangyuan, but next year, the release of refining capacity of Chinese smelters will be significantly larger than that of crude smelting. The domestic market for anode copper, scrap copper and other cold material demand surge, the market may continue the current cold material market supply tight pattern. Although the main driving force of domestic electrolytic copper production growth is still the supply of copper concentrate, scrap copper and anode copper smelting will gradually become the plate with the greatest marginal change and the most worthy of market attention. "View details
[China's alumina imports fell 39.28% in October from the previous month, with a breakdown of imports] according to the online inquiry platform of the General Administration of Customs, China's imports of alumina (except artificial corundum) in October were 219433.59 tons, down 39.28% from the previous month and an increase of 25.92% over the same period last year. Among them, Australia is the largest supplier, importing 119336 tons from the country in the same month, down 49.07% from the previous month and an increase of 76.9% over the same period last year. "View details
[Nanshan Aluminum aims at the long-term planned production capacity of 70-800000 tons for the aluminum automobile plate industry.] Nanshan Aluminum said that the current car plate production capacity includes 200000 tons of production capacity and 200000 tons of production capacity under construction. The first production line with a capacity of 100000 tons in the production capacity of 200000 tons has reached production capacity, and the second production line with a capacity of 100000 tons is in the stage of capacity climbing. In addition, the construction period of 200000 tons of capacity under construction is about 18 months, and the progress of the project is being accelerated. In the follow-up, according to the customers and market conditions, we can consider the conversion of the original packaging production line, and the long-term planned production capacity of automobile plate can reach 70-800000 tons. "View details
For the first time in 14 years! Futures market rare scene: six major industrial metals spot water] LME metal market "low inventory" is becoming more and more intense. Against this background, the futures market sent a rare signal of tight supply-the spot rally of the six major industrial metals in LME at the same time. This phenomenon occurred twice in history, but then peaked and fell back. Analysts said that the current round of rising water pattern is also difficult to last for a long time, and it is expected that the market of various varieties will be divided. "View details
[Shanxi's large-scale raw coal output exceeded 100 million tons for three months in a row] the Shanxi Provincial Bureau of Statistics recently released data showing that Shanxi's above-scale raw coal output in October was 102.752 million tons, an increase of 5.2 percent over the same period last year, and has exceeded 100 million tons for three consecutive months. A person in charge of the Shanxi Provincial Energy Bureau said that since October, Shanxi's average daily coal output has been more than 3.3 million tons. As of November 21, Shanxi has supplied 21.87 million tons of thermal coal to 14 provinces, autonomous regions and municipalities. At present, the production mines in Shanxi Province are producing at full capacity, and the annual coal output is expected to exceed 1.2 billion tons.
According to the British LT news agency, the Greenland self-government announced on the 22nd that it had revoked a license for a Chinese mining company to mine iron ore near Nuuk, the capital. (General Nice), a Chinese importer of coal and iron ore, took "control" of the Isua iron ore project in 2015. Reported that the Greenland self-government said in a statement, due to inactive mining activities, Junan Group's license was revoked. The local government added that once the Chinese mining company formally handed over the license, it would be offered to new interested companies.
According to China Railway Xi'an Bureau Group Co., Ltd., as of November 20, the Haoji railway, a major channel for transporting coal from north to south in China, which connects Baoji in Inner Mongolia and Ji'an in Jiangxi Province, has completed a transport volume of 50.0105 million tons this year, completing the annual coal transport target of 50 million tons 41 days ahead of schedule.
At present, there are 312 coal mines in Inner Mongolia, all of which increase horsepower production. On November 20, the region produced 3.86 million tons of coal, a record high, of which 2.8012 million tons were produced in 231 coal mines in Ordos City.
As of November 21, Shanxi has supplied 21.87 million tons of thermal coal to 14 provinces (autonomous regions and municipalities). In order to complete the task assigned by the state to guarantee 53 million tons (7 million tons) of power coal in 14 provinces (autonomous regions and municipalities), Shanxi coal enterprises in the whole province have strengthened production scheduling, fully released coal production capacity, and worked hard to increase coal production. Since October, Shanxi's average daily coal output has been more than 3.3 million tons, with monthly coal output exceeding 100 million tons in the third quarter. At present, the province's production coal mines are producing at full capacity.
[the Ministry of Industry and Information Technology publicly solicited opinions on the list of enterprises standardizing the comprehensive utilization of waste power batteries for new energy vehicles] news on November 23, the Department of Energy Saving and Comprehensive Utilization of the Ministry of Industry and Information Technology openly solicited opinions on the list of enterprises standardizing the comprehensive utilization of waste steel, waste plastics, waste tires and waste power batteries of new energy vehicles. Among them, in the list of enterprises for comprehensive utilization of waste power batteries of new energy vehicles, Honeycomb Energy, Guoxuan Hi-Tech and other well-known power battery enterprises are impressively listed. "View details
[Enjie shares: at present, the company's main business line is still in lithium power] Enjie shares said that the lithium battery industry has experienced explosive growth, and diaphragms account for 8% of the composition of lithium batteries. At the same time, its research institute is also actively paying attention to the hydrogen energy industry, but at present the company's main business line is still lithium electricity. When asked about the cooperation with Ningde era, Enjie also said that it would set up a platform company with it to engage in dry and wet diaphragm business.
[Fulin Seiko: the new generation of high-pressure solid density lithium iron phosphate cathode materials developed by the subsidiary is being supplied in bulk in Ningde era] Fulin Seiko said on the interactive platform that the company's subsidiary Jiangxi sublimation has become a qualified supplier of Ningde era. The new generation of high-pressure solid-density lithium iron phosphate cathode materials are being supplied in bulk in Ningde era.
On November 20, three Gorges Group, FAW Group, Dongfeng Motor and Wuhan Economic Development Zone signed a contract to jointly establish a battery management technology company. It is understood that the battery management technology company is mainly engaged in battery leasing, operation, battery echelon utilization and recycling, big data management and technical services, and so on. The company will explore a new mode of power exchange operation by holding and operating battery assets of power exchange vehicles, and achieve large-scale management of the value of the battery life cycle industry. The cumulative total investment in the next five years is expected to reach more than 10 billion yuan, and cumulative revenue is expected to reach 4 billion yuan.
[driven by rising cobalt prices and costs, overseas copper and cobalt miners intend to restart and expand their mines] driven by rising cobalt prices and lower costs, some copper and cobalt miners are actively evaluating opportunities to restart mines and expand. Standard & Poor's global market intelligence analysis shows that even if the market deficit shrinks, cobalt prices are likely to fall, large miners will still benefit from the increase in production. "View details
[Vulcan Energy signs second lithium supply agreement with Renault] according to foreign media reports, lithium developer Vulcan Energy Resources said in a statement that the company has signed a second lithium supply agreement with Renault. Before announcing the deal, Vulcan also revealed that it had suspended part of the second phase of its German project, but said it did not expect any delay in its development schedule.
Motor energy efficiency improvement plan released motor plate jump four shares limit! November 23 news, benefiting from the favorable stimulus of the "Motor Energy efficiency improvement Plan (2021-2023)" issued by the two departments, the motor sector jumped today, ranking first among all sectors! By the midday close, the sector index was up 4.85%. Kangping Technology, Shinli shares, low-light shares, Zhaowei Machinery and Machinery rose one after another, while Ming Zhi Electric, Jiadian shares, Sine Electric, Octagonal shares and so on rose sharply. "View details
[Zhongke Sanhuan: power cuts have little impact on the company although rare earth prices have risen, but orders remain normal.] in view of the impact of power cuts on the company's main plant areas, Zhongke Sanhuan said that so far, the power reduction policy has had little impact on the company. Investors are concerned about whether the recent rapid rise in rare earth prices will affect the signing of orders in different areas of the company next year. Zhongke Sanhuan said that for now, the signing of the company's orders remains normal. "View details
[Citic Securities: rare earth prices are expected to improve steadily in 2022] CITIC Securities Research News pointed out that as the demand for new energy vehicles continues to break out, the downstream demand for carbon neutral wind power and energy-saving frequency conversion air conditioners is steadily increasing, and the downstream demand for rare earths is expected to continue to improve. It is expected that during the 14th five-year Plan period, the domestic supply of rare earths will still be limited by the total amount of mining, the supply-side high-pressure policies such as cracking down on gangs and environmental protection will continue, and the increment of overseas supply will be relatively limited in the next five years. Global rare earth supply and demand may be in a tight balance for a long time. It is expected that rare earth prices will improve steadily in 2022, and the profits of companies related to the rare earth industry chain are expected to grow sustainably for a long time. It is continuously recommended to pay attention to the strategic allocation value of the whole rare earth industry chain.
Terminal information
[Shanghai: more than 470000 units of indemnificatory rental housing are planned to be added during the 14th five-year Plan period] on November 23, the Information Office of the Shanghai Municipal Government held a press conference of the municipal government, which pointed out that during the 14th five-year Plan period, it is planned to build and raise more than 470000 units of indemnificatory rental housing (rooms). According to reports, during the 14th five-year Plan period, it is planned to build and raise more than 470000 units of indemnificatory rental housing, accounting for more than 40% of the total housing supply in the same period; by the end of the 14th five-year Plan, the city will build a total of more than 600000 units of indemnificatory rental housing.
[Hyundai electric vehicle sales hit a record 60 per cent year-on-year in October] according to foreign media reports, Hyundai's global sales fell 21 per cent year-on-year to 307039 vehicles in October, affected by a shortage of semiconductors and an epidemic. But electric vehicle sales have continued to grow, setting a new monthly sales record. The company sold 18694 electric vehicles worldwide in October, up 60 per cent from a year earlier and accounting for more than 5.9 per cent of total sales.
[Japan promotes car electrification subsidies upstream and downstream these Chinese manufacturers have cut into the battery supply chain] following the US government's "enhanced" electric vehicle purchase subsidy program, the Japanese government will launch a similar policy: according to the Nikkei News, in order to promote the popularity of pure electric vehicles, Japan's Ministry of Environment and the Ministry of economy, Trade and Industry plans to add 37.5 billion yen to the government budget in 2021. Sixty-seven percent of the budget (25 billion yen) will be used to double the subsidy for the purchase of pure electric vehicles, up to 800000 yen (40, 000 yuan). The plan is expected to be implemented early next year. "View details
[heavy weight! Xiaomi car self-made lithium battery! After investing in four power battery companies, Xiaomi decided to "play" in person! According to Tianyan check information, Xiaomi Automotive Technology Co., Ltd. was established on November 18, with legal representative Lei Jun and registered capital of 1 billion yuan. From the perspective of business scope, there is a big limit of "technology development, technology service, technology consultation, technology exchange, technology transfer and technology promotion" before the specific business scope, that is to say, Xiaomi Automotive Technology Co., Ltd. will focus on technology research and development in the future. "View details
[Xiaomi responded to rumors about the acquisition of Jianghuai Motors: no comment] recently, there are rumors that Xiaomi plans to buy Jianghuai Motors. Xiaomi responded: "after confirming with colleagues on the auto team, so far we have not had any discussions and contacts with JAC on cooperation at the level of car manufacturing and capital acquisition, and we do not comment on market rumors."
[Funeng Technology becomes Chengdu Dayun Automobile Power Battery supplier to start supply next year] on the evening of November 22nd, Funeng Technology (688567) announced that the company recently received a fixed-point notice from Chengdu Dayun Automobile Group Co., Ltd., informing the company to become the power battery supplier for its S191, M171, C201 and S201 project models with a supply cycle of five years. According to customer sales forecast and arrangement, the company will start supply in 2022.
The SMM market knew that it would start at 8:45 every morning.
"Welcome to watch on the computer.
About 20 minutes after the end of the live broadcast, you can watch the playback ~!
Please collect this live broadcast page so that you can grasp the cutting-edge information of the market every morning, help you do a good job of spot transactions, investment planning, and take risk control measures in advance. Thank you for your attention and support to SMM ~!
![[SMM Analysis] China's May 2026 spodumene imports: 681k t physical, -10% MoM, +12.5% YoY, ~66k t LCE](https://imgqn.smm.cn/usercenter/jZvMC20251217171729.jpg)
![[SMM Analysis] May 2026: China lithium hydroxide imports 3,932t (-41% MoM, +4x YoY), exports 3,549t (-36% MoM & YoY).](https://imgqn.smm.cn/usercenter/AYpRQ20251217171727.jpg)
