"[important] Futures prices fluctuate greatly. For enterprise settlement, please refer to SMM spot quotation!
Minutes of SMM Bronze Morning meeting: real-time refresh, please follow!
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SMM Aluminium Morning meeting minutes: real-time refresh, please follow!
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Minutes of SMM lead morning meeting: real-time refresh, please follow!
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Summary of SMM Zinc Morning meeting: real-time refresh, please follow!
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SMM tin morning news: tin price high opening high performance strong multi-empty concentration entrance contradiction highlights
Fundamentally, domestic warehouse receipt inventory continues to decline, while overseas inventory remains stable and does not change much. The spot market shipment performance is lukewarm, the demand side enthusiasm is low. On the market trend, Huxi night trading trend was affected by market sentiment, and prices continued to rise after opening high. The total amount of funds entered the market in large quantities, and there were obvious differences between the long and short sides in this position, and the market heated up driven by the contradiction. "Click to view details
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SMM Nickel Morning meeting minutes: real-time refresh, please follow!
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Summary of SMM Steel Morning meeting: production restrictions of Northern Iron and Steel Enterprises short-term Black Series Price shock Operation
Affected by the epidemic, Tangshan implemented global closed control, and transportation came to a standstill. The superimposed epidemic situation in Binzhou, Shandong Province has not been alleviated; the transportation of raw materials and finished materials between the two places has stagnated, many steel mills are stuffy, the demand for iron ore is declining rapidly, and the ore price is weak and fluctuating in the short term. "Click to view details
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Summary of SMM Cobalt Lithium Morning meeting: real-time refresh, please follow!
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Crude oil: international oil prices rose 5 per cent to more than $121a barrel on Wednesday as disruptions in crude oil exports from Russia and Kazakhstan through the CPC Caspian oil pipeline heightened concerns about global supply constraints.
On the dollar side: the dollar climbed on Wednesday and the euro weakened as oil prices soared again as U.S. president Joe Biden prepared to announce new sanctions against Russia with European leaders during a visit to Europe. With the escalation of the situation in Russia and Ukraine, soaring commodity prices have added to already high inflationary pressures, and investors are worried about rising inflation. The market will continue to pay attention to the Fed's attitude towards raising interest rates. Today's macro data focus on the number of initial jobless claims in the United States in the week ended March 19, the initial value of Markit manufacturing PMI in March in the United States, the United Kingdom and the euro zone, and the initial monthly rate of durable goods orders in the United States in February.
In terms of metal futures: overnight inside and outside the metal surged across the board, Lunni electronic trading closed up 13.67 per cent, during the second round of overnight floor trading (R2), the trading price reached the upper limit of the previously pre-set daily price range of 15 per cent, and LME nickel trading was disrupted. Other outer-disk metals, led by Lun Zinc, rose sharply, with Lun Zinc closing up 7.07% and Lun Aluminum up more than 5%. The inner plate metal followed the outer disk Synchronize upstream, Shanghai Nickel successfully blocked the trading limit, and Shanghai tin closed up 5.02%.
The black line was also red across the board, with stainless steel trading up more than 9.3% at one point, but then shaken back and finally closed up 7.26%.
"the metal inside and outside the market soared across the board. Shanghai, nickel, zinc and stainless steel rose by more than 7% [overnight market].
Precious metals: COMEX gold futures rose on Wednesday, as uncontrollable inflation and the growing crisis in Ukraine boosted investor demand for safe-haven metals, but a stronger dollar and high government bond yields limited gold's gains.
Financial market conditions at the close of 06:24 on March 24th:
March 23rd LME basic metal warehouse total inventory (in tons)
March 23rd list of LME Base Metals Registration and cancellation Warehouse receipts (in tons)
[SMM tracking and investigation: current situation of the metal industry under the epidemic (continuously updating)] recently, the domestic epidemic has been repeated, and transportation and the production of some enterprises have been affected again. SMM continues to follow up and investigate the situation and transmit the latest facts for the market to understand! "View details
[SMM Yangshan copper spot: epidemic control home isolation foreign trade market stalemate] March 23rd warehouse receipt quotation 18-33 US dollars / ton, average price 25.50 / ton, average price stable compared with the previous trading day; bill of lading quotation 18-34 US dollars / ton, average price 26 / ton, average price stable compared with the previous trading day, QP April, quotation refers to the source of goods arriving in Hong Kong in the middle and first ten days of April. The LME0-3 discount is US $8.50 / tonne, and the import loss on 04 contract is around 1400 yuan / tonne. "Click to view details
[SMM analysis: aluminum price is strong and volatile in the first three days of the week.] at this stage, as aluminum prices gradually fall back to around 23000, the trading sentiment of waste aluminum recyclers and downstream manufacturers has significantly improved, but due to the impact of the epidemic in most areas, there is no significant increase in trading volume, so there is no significant increase in trading volume. "Click to view the details."
[SMM analysis: inner Mongolia Jinlian aluminum replacement source metal target of 47000 tons may be put into production in May] March 22, Inner Mongolia Autonomous region Industry and Information Department issued "on Inner Mongolia Jinlian Aluminum Co., Ltd. 47000 tons of electrolytic aluminum construction project capacity replacement plan publicity" Inner Mongolia Jinlian Aluminum Co., Ltd. obtained 47000 tons of electrolytic aluminum production capacity from Inner Mongolia Chuangyuan Metal Co., Ltd. "Click to view details
[aluminum bar spot daily review: aluminum bar processing fee slightly reduced overall trading volume] March 23 aluminum bar mainstream market processing fee quotation slightly reduced, the price center of gravity dropped 20 yuan / ton-30 yuan / ton. According to SMM, East China market Φ 90 aluminum bar mainstream price 450yuan / ton, Φ 120 Φ 178aluminum bar mainstream price 380yuan / ton, downstream on-demand procurement, replenishment at every bargain, followed by the epidemic in Binzhou, Shandong Province, affecting the transportation of goods, downstream orders transferred to the province's surrounding aluminum bar processing enterprises. "Click to view details.
[SMM analysis: Lunni turned red near the "limit"! Look at the importance of nickel raw materials to the cost of stainless steel] in the production cost of stainless steel, nickel raw materials account for about 60%, ferrochromium raw materials account for about 20%. However, according to the current raw material prices, nickel raw materials account for about 67%, chromium raw materials account for about 18%. Therefore, the sharp rise in the price of nickel has an obvious impact on the cost of stainless steel. In nickel raw materials, the main sources are high nickel pig iron, scrap stainless steel, water-quenched nickel and pure nickel. At present, the highest proportion is high nickel pig iron, accounting for an average of more than 60% of the sources of nickel raw materials, of which integrated steel mills account for the proportion. "Click to view details
[SMM Quick Review: what is the spot supply and demand under the influence of the rising nickel epidemic of stainless steel? Stainless steel futures rebounded this week, rising more than 3% in the main trading today, up 2.79% as of the day's close. According to SMM analysis, SS2204 contracts rose sharply on March 23, partly because stainless steel followed the trend of nickel futures. Lunni continued to fall but did not fall again after four falling limits yesterday, which also indicates that Lenny may have bottomed out in a pullback. However, at present, there is still a certain price difference between inside and outside nickel prices, coupled with the actual return to the fundamentals of supply and demand, the supply of nickel market is still tight. "Click to view details
SMM Quick Review: what is the trend of nickel price after the storm of "turning red" in Shanghai after four consecutive falls? After falling four times in a row, Shanghai Nickel turned red for the first time on March 23. As of the day's close, Shanghai Nickel rose 2.7%, recording the largest increase in the ranks of basic metals in the inner market. Lunni opened this afternoon, as of 16:15, an increase of 1.65%. "Click to view details.
[SMM comment: Overview of pure nickel imports from January to February 2022] according to the customs statistics platform, from January to February 2022, China imported refined nickel (unwrought unwrought non-alloy nickel and other unwrought non-alloy nickel containing nickel and cobalt ≥ 99.99% and cobalt ≤ 0.005%) totaling 37573 tons, a decrease of 29.13% compared with November and December in 2021 and an increase of 90.53% compared with January and February in 2021. In January and February, other unwrought alloy nickel accounted for 55%, or 20707 tons, which was 56% lower than that in November and December. "Click to view details.
Hot discussion: how to get to Nickel City after getting back on track step by step? Since the resumption of trading, Lunni has fallen to the limit for four consecutive trading days, and Shanghai Nickel has also gradually fallen back. After a sharp rise and fall, the nickel market has returned to fundamentals. The average spot price of SMM1# electrolytic nickel was 212400 yuan / ton today, up 0.62% from yesterday. Today's SMM based on upstream and downstream comprehensive research and market traders collective inquiry, Jinchuan 3500-3900 yuan / ton today, the same as yesterday. Russo Nickel today is 3000-3700 yuan / ton, down 250 yuan / ton from yesterday. "Click to view details
SMM Analysis: INSG expects the global nickel market to be short of SMM this year. According to data released by (INSG), the international nickel industry research group, there may be a supply shortage of 157100 tons in the global nickel market in 2022, compared with a surplus of 103700 tons in 2021. Lisbon-based INSG added that the nickel market had a surplus of 6000 tonnes in January, compared with a shortfall of 5300 tonnes in the same period last year. "Click for details.
[SMM Analysis: ideal announces price increase! In February, he was at the top of the list of new power.] in February, 246000 new energy passenger vehicles were insured, an increase of 162% over the 94000 in the same period last year, but down 21% from January this year. According to the type of fuel, pure electric models accounted for 76%, down 11% from the previous month, 187000 insured, up 134% over the same period last year, while plug-in hybrid vehicles accounted for 24%, insured 58000, up 142% over the same period last year. "Click to view details.
[SMM analysis: spodumene imports have increased continuously since the beginning of the year. The lithium ore gap has narrowed in the first quarter.] from January to February 2022, the cumulative import of spodumene concentrate in China was 369309 physical tons (equivalent to about 46200 tons of LCE equivalent). Since the beginning of 2022, the import quantity of spodumene has increased by a certain proportion. At the same time, as a number of lithium salt plants are in a state of maintenance from January to March, consumption is slightly lower than that of Q4 in 2021, and the gap of 2022Q1 spodumene is narrower than that of 2021Q4. China's accumulated lithium ore inventory will be further removed to the warehouse. "Click to view details.
[SMM Hotspot Analysis: has the callback bottomed out? The SS contract rose today, partly due to stainless steel following the trading limit, while Rennick continued to fall yesterday but did not fall the limit again after four more falls, which also indicates to the market that Rennick may have seen a bottom, while there is still a certain price difference between inside and outside, coupled with the actual return to supply and demand fundamentals, nickel itself is still tight. "Click to view details.
[SMM analysis: is the low level of chromite inventory not there? Can the mine price continue to support the ferrochrome price] the demand for ferrochromium is expected to improve under the expected increase in the production of stainless steel plants, the iron works in the south are also gradually resuming production, the demand for chromium ore in the south is gradually increasing, and Qinzhou Port, as the largest import port of chromium ore in the south, is affected by the sudden outbreak of the epidemic. "Click to view details
[SMM Daily Review: the market for high-carbon ferrochromium continues before the release of steel recruitment at the end of the month.] on March 23, Inner Mongolia quoted high-carbon ferrochromium at 9000-9200 yuan / 50 base tons, unchanged from the previous trading day. Under the cost support, the price-raising mentality of ferrochrome manufacturers remained unchanged, and the market quotation focus was between 9100-9300 yuan / 50 base tons, but it was difficult to recover downstream buying and purchasing before the steel recruitment price was released at the end of the month. "Click to view details.
[SMM blast furnace operating rate: the epidemic dragged down the pace of resuming production of North China Steel Enterprises] according to SMM research, the blast furnace operating rate of SMM was 81.79% on March 23rd, with a rise of 0.22% on a week-on-month basis and 2.99% on a month-on-month basis. This week's blast furnace operating rate is basically the same as last week, affected by the epidemic, as of today, Tangshan has 4 steel enterprises, 6 blast furnace stew stopped production, steel enterprises plan to resume production has been suspended. However, under the hedging of the resumption of production by steelmakers in other regions, the operating rate has not changed much this week. "Click to view details
[daily Review of SMM Thread: short-term steel prices are cautiously higher.] Today (March 23), the price of snails in eastern and central China rose slightly, and the turnover improved slightly compared with the previous month. From a regional point of view, Hangzhou morning quotation was temporarily stable, midday snail rose, spot quotation broke the 5000 mark again, terminal rigid demand procurement, speculative demand performance was OK, and the turnover was slightly better than the previous week. As of March 23, the social inventory of building materials in Hangzhou was 867000 tons, an increase of 19000 tons over last week, an increase of 2.2%. "Click to view details.
[SMM coke market depth analysis: where will coke prices go under the epidemic] under the background of poor profits of steel mills and coking coal prices begin to fall, the supply and demand of coke remains stable for the time being, so short-term coke prices are likely to remain stable, but as the epidemic is coming to an end, steel mills have obvious demand for coke replenishment, so coke is also expected to rise. "Click to view details.
[SMM Coke spot Daily Review: the production of coking enterprises is temporarily stable] affected by the epidemic, poor transportation, accumulation of storage in some coking enterprises, good resumption of production in steel mills, good demand for coke, but poor coke delivery, limited production in individual steel mills, the coke market is expected to operate steadily in the short term. "Click to view details.
[SMM analysis: the export volume of silicon and manganese decreased by 58.15% month-on-month in February and the spot price cost support may weaken.] according to the latest release of the General Administration of Customs, SMM statistics of China's imports and exports of ferrosilicon from January to February 2022: imports of ferrosilicon from January to February totaled 22 tons, of which 22 tons were imported in January, a decrease of 99.15% compared with the previous month. The export volume of ferrosilicon from January to February totaled 9032.34 tons, of which the export volume of ferrosilicon in January was 2664.66 tons, a decrease of 23.74% from the previous month, a sharp increase of 3570.13% over the same period last year. "Click to view details.
[SMM analysis: the price increase of manganese ore will stop after the import volume of manganese ore decreased by 28.17% month-on-month in February. According to the latest release by the General Administration of Customs, SMM statistics of manganese ore imports and exports from January to February 2022 totaled 4.158 million tons, of which January manganese ore imports totaled 2.4198 million tons, up 17.3 percent from the previous month and 20.5 percent lower than the same period last year; February manganese ore imports were 1.7382 million tons, 28.17 percent lower than the previous month and 31.83 percent lower than the same period last year. The total export volume of manganese ore from January to February totaled 1000 tons. "Click to view details
[SMM analysis: the import of electrolytic manganese surged for the first time in February! According to the latest release by the General Administration of Customs, SMM statistics of China's forged manganese and manganese products and unwrought manganese in February 2022; the total export of scrap and powder was 26100 tons, a decrease of 25% compared with the previous year, and a year-on-year increase of 11%. Among them, unwrought manganese in February; the export volume of scrap and powder was 18693.1 tons, a significant decrease of 43% from the previous month and 9% from the same period last year. "Click to view details
[SMM analysis: metal silicon export volume decreased slightly from January to February 2022] Customs data show that China's metal silicon export volume was 63600 tons in January 2022, an increase of 1% month-on-month and 4% year-on-year. In February, China's silicon metal exports were 44300 tons, down 30% from the previous month and 13% from a year earlier. From January to February 2022, the cumulative export volume of metal silicon was 107900 tons, a slight decrease of 4% over the same period last year. "Click to view details
[SMM Silicon Daily Review: weak demand for Metallurgical Grade High Grade Silicon] Today (March 23) the metal silicon market is weak. 42m silicon in Huangpu Port is 24000-24800 yuan / ton and 330m silicon is in 24000-24200 yuan / ton. Most of the downstream and traders wait and see the market after asking for orders, and the weakness of silicon prices slows down the release of orders from downstream and traders to a certain extent. Due to different views on the future, the shipping mentality of different holders is quite different, and the external quotation is more chaotic. The actual transaction focus has dropped. "Click to view details.
[SMM analysis: tungsten prices continue upward trend market high consolidation] with the announcement of long order prices in the second half of March, superimposed by the overall rise in commodity prices in the international market, the domestic tungsten market showed a price correction trend compared with the first half of the month, the overall trading volume improved, and the market warmed up; tungsten terminal products also raised prices in an all-round way, and the market price mentality increased. "Click to view details.
[SMM analysis: overseas surplus magnesium ingot exports may maintain a weak trend] according to customs statistics, China's total magnesium ingot exports from January to February 2022 were about 41633.2 tons, an increase of 14.8% over the same period. Among them, the Netherlands accounts for 26%, Canada accounts for 8%, India accounts for 8%, Bahrain accounts for 7%, and the United Arab Emirates accounts for 7%. "Click to view details
[SMM comment: China's rare earth ore imports are not optimistic in January-February compared with the same period last year.] from January to February 2022, China imported 14400 tons of rare earth minerals, down 13% from the same period last year, partly from medium and heavy rare earth ores. Among the imported rare earth ore structure from January to February, the rare earth metal ore, which accounts for the largest proportion, imported 13000 tons, an increase of 13% over the same period last year, all of which came from the United States. Rare earth metal mines imported 3276 tons in January, down 56% from a month earlier, and 9750 tons in February. "Click to view details
[SMM comment: China's rare earth permanent magnet exports grow from January to February compared with the same period last year.] from January to February 2022, China exported 8506 tons of rare earth permanent magnets, an increase of 18% over the same period last year. The main export direction of China's rare earth permanent magnets is Europe, the United States, Japan and other countries and regions. From January to February, 1498 tons of rare earth permanent magnets were exported to Europe, accounting for 18 percent, and 575 tons of rare earth permanent magnets were exported to the United States, accounting for 7 percent. The output of new energy vehicles in eight European countries exceeded 1.95 million in 2021. "Click to view details
[SMM Daily Review: rare earth mainstream market temporarily stable praseodymium neodymium inquiry activity] Today (March 23) rare earth market temporarily stable. The mainstream trading price of praseodymium-neodymium oxide is weakly stable at 98-1 million yuan / ton today, and the activity of market inquiry is higher than that of yesterday, but the transaction is still deserted. Praseodymium-neodymium metal decreased slightly with the praseodymium-neodymium oxide market. The mainstream trading price of praseodymium-neodymium metal today is slightly adjusted to 123-1.24 million yuan / ton.
[SMM announcement: announcement on the New Silver nitrate Price Point] in order to facilitate silver upstream and downstream enterprises to better control the changes in the silver related market and timely reflect the spot market price, reduce the silver related market transaction risk and transaction cost, and constantly improve and deepen the research on the silver industry chain, SMM plans to release the silver nitrate price from March 28th after a period of precipitation and market research. For market reference. "Click to view details
[SMM survey] under the influence of the situation in Russia and Ukraine, energy prices in Europe have risen sharply, and irregular fluctuations in the prices of bulk non-ferrous metals have increased. The demand for capital in the commodity industry has also increased, banks have also taken up more capital and quotas, and some foreign banks have reduced or suspended their repo business for commodities such as copper and nickel. Under the pressure of funds, it is difficult for foreign traders to carry out a large number of zero order transactions, and the liquidity of the foreign trade market is greatly reduced.
According to SMM research, copper consumption has continued to be curbed due to the recent epidemic control across the country. Yixing area is the main concentration place of wire and cable in China. at present, cable enterprises in Yixing area can still produce normally, but due to strict control in the surrounding area, cable factories mainly sell nearby, which affects production, sales and shipping to a certain extent. with the extension of control time, the impact will be more obvious.
[Zijin Mining: the second phase of the Camoa-Kakoula copper mine in the Democratic Republic of the Congo has been completed and put into production ahead of schedule] the concentrator of Camoa-Kakoula Copper Mine, a subsidiary of Camoa Copper Mine Co., Ltd., which cooperates with Canada's Ivanhoe Mining Company and the Democratic Republic of the Congo (DRC) government, has recently started commissioning of ore with raw materials, which is completed and put into operation about 4 months ahead of schedule.
[northern Copper: according to the existing mine production capacity and recoverable reserves, the company's Tongkuangyu Mine is expected to serve until June 2044] some investors asked Northern Copper (000737), "Hello, Dong Mi." may I ask how many years the company's mines can be mined without considering the controlling shareholder's mine injection? The recovery rate of copper is 6.08 percussion 100. Jin 611000. Is the ore content of the same industry in China high or low? The company is located in the north, is there any freight in the same industry that has an advantage over the company in the south? The company replied, Hello, the company's Tongkuangyu Mine is expected to be in service until June 2044 according to the existing mine production capacity and recoverable reserves. The average grade of the raw copper mine is 0.6%, which is at the general level of China's copper industry. Thank you for your attention!
[SMM investigation] according to SMM, due to the epidemic situation in Linyi, Shandong Province, there are certain restrictions on transportation in East China Nonferrous Metal City, resulting in the continuous weakening of recycled copper supply, the phenomenon of shortage is becoming more and more obvious, and in addition, the disk is high, it is expected that recycled copper will not have obvious room for bargaining.
[SMM survey] as of March 23, there were 10 high-risk areas and 13 medium-risk areas in Changzhou. According to the requirements of the municipal government, most enterprises suspend production, and only a small number of enterprises maintain production, but the operating rate is insufficient due to the problems of logistics and transportation and the arrival of personnel due to the prevention and control of the epidemic. Need to look at the epidemic control situation, if there is no new, it is expected this Friday (March 25) to resume work and production.
Today (March 23), the second round of nucleic acid testing began in the East China Nonferrous Metal City Park in Linyi, Shandong Province, and all vehicles entering the park are required to produce a nucleic acid test report within 48 hours.
From January to February this year, the export volume of China's aluminum products increased significantly! Customs information shows that the export volume of China's aluminum products increased significantly from January to February this year. From January to February 2022, cumulative exports of aluminum and its products increased by 37.9% compared with the same period last year. Over the same period, the cumulative import volume increased by 18.6%. Total import and export volume increased by 33.3% over the same period last year. The cumulative export of unwrought aluminum and aluminum products increased by 22.8% compared with the same period last year. Among the three major aluminum products, the exports of aluminum strip and aluminum foil maintained growth, while the export volume of aluminum profiles decreased. "Click to view details
[China's scrap copper imports in the first two months were tight compared with the same period last year.] China's scrap copper imports in January and February were 162900 tons and 109800 tons respectively, both higher than the same period last year. "Click to view details
[Chinalco's 2021 net profit increased by 564.60% year-on-year, electrolytic aluminum production and sales increased year-on-year] Chinalco recently released its annual report for 2021. According to the financial indicators disclosed in the annual report, Chinalco achieved operating income of 269.748 billion yuan in 2021, an increase of 45.03% over the same period last year. Net profit belonging to listed companies reached 5.08 billion yuan, an increase of 564.60% over the same period last year. In 2021, Chinalco produced 16.23 million tons of alumina, an increase of 11.73 percent over the same period last year, and sales of 9.12 million tons, an increase of 17.76 percent over the same period last year. The output of electrolytic aluminum was 3.86 million tons, up 4.61 percent over the same period last year, and the sales volume was 3.78 million tons, up 2.74 percent over the same period last year. "Click to view details
[LME to reassure the market: there are no plans to ban Russian metals trading] on Tuesday, the London Metal Exchange (LME) said it had no plans to ban metals from Russian producers, such as nickel and copper from Norilsk Nickel (Norilsk Nickel), or aluminum from Rusal (Rusal) (00486.HK). "there are no plans to take independent action outside the scope of the sanctions, for example, to restrict the flow of Russian-made metals within the LME system," LME said. "our first priority is to maintain an orderly market that benefits all market participants, so we will continue to review this decision and ensure dialogue with governments as the situation develops." "Click to view details
[SMM investigation] according to the investigation and understanding of the SMM lead and zinc smelter, due to the influence of the epidemic situation in Shandong, there has been a delay in the delivery of gold ingots recently sent to Shandong. Gold ingots are smelting by-products of lead and zinc concentrate, which are mainly used in the processing of gold products. Smelters pay close attention to the impact of the epidemic and the delivery of products.
London Metal Exchange (LME) data show that after Lunlun lead inventory rose to a phased high of 58175 tons on November 16 last year, it opened the downward channel again, but the last Zhou lun lead inventory did not change much, holding steady at 38675 tons for four consecutive days since March 15. inventories fell slightly on Monday and remained unchanged yesterday, with the latest inventory level of 38625 tons. "Click to view details
[Chihong zinc germanium: company zinc product gross profit margin 24.86% lead ingot gross profit margin 23.55% germanium containing germanium gross profit margin 30.95%] Chihong zinc germanium said on the investor interactive platform that the company's zinc product gross profit margin is 24.86%, lead ingot gross profit margin is 23.55%, germanium products contain germanium gross profit margin 30.95%, The sales cost and gross profit margin of self-produced products in 2021 please pay attention to the company's 2021 annual report to be disclosed on April 22. Molybdenum business at present the company is dealing with mining warrants Synchronize to carry out project plan demonstration work.
[Lunxi inventory maintenance range fluctuation pattern Shanghai tin inventory fell by nearly 40%] data released by LME show that the overall Lunxi inventory has not changed much in the past month, and last week continued to maintain a range fluctuation pattern, with an overall slight increase, with the latest inventory level of 2245 tons. Shanghai tin inventories fell sharply last week, with weekly inventories falling 37.43 per cent to 2290 tonnes to a two-month low, according to data released last week. "Click to view details
[Myanmar supply has recovered. China's tin imports rose sharply in January.] according to the online inquiry platform of the General Administration of Customs, China's tin imports in January and February were 39989 tons and 19755 tons respectively, with a sharp increase over the same period last year. Last year, there were repeated outbreaks in Myanmar, and tin ore shipments to China were often blocked, but the supply in the first two months of this year was considerable, reaching 36000 tons in January and 15600 tons in February. "Click to view details
[general Administration of Customs: China's unwrought nickel imports increased by 96.66% in February compared with the same period last year] according to data from the online inquiry platform of the General Administration of Customs, China's unwrought nickel imports in February were 15051 tons, down 33.17% from the previous month, an increase of 61.07% over the same period last year. Australia is the largest supplier, importing 6812 tons of unwrought nickel from the country in the month, down 22.32 per cent from the previous month and a sharp increase of 96.66 per cent compared with the same period last year. "Click to view details
According to the online inquiry platform of the General Administration of Customs, China's imports of nickel and iron in January and February were 391900 tons and 324500 tons, respectively, both higher than the same period last year, according to data from the online inquiry platform of the General Administration of Customs, according to data from the online inquiry platform of the General Administration of Customs. From the point of view of the supplier countries, Indonesia is still at the top of the supply list with an absolute advantage. "Click to view details
[SMM special topic: lithium power performance "blossoms everywhere" in 2021! Recently, after the first batch of lithium industry chain enterprises showed their eye-catching results in 2021, more and more enterprises joined the pace of releasing financial reports. Among them, there are many well-known enterprises, such as Ganfeng lithium industry, Yongxing materials, multi-fluorine and so on. However, the sharp rise in the price of lithium-related products is also a matter of different joys and sorrows for a large number of lithium industry chain companies. Some battery companies fall into a situation of falling gross profit margin or even loss because they fail to lock in an adequate supply of raw materials. "Click for details
[Zijin Mining 3Q Lithium Salt Lake Project officially starts the construction of the second phase of Congo (Gold) Copper Mine] the construction of 3Q Lithium Salt Lake project mainly includes 3Q Salar salt field, Fiambala lithium carbonate plant and related supporting projects. The construction of Yantian officially began on the 20th, and the construction of lithium carbonate plant is scheduled to start in early April. The first phase of the project plans to produce 20, 000 tons of battery-grade lithium carbonate per year, with a total investment of 370 million US dollars, and will be officially put into production by the end of 2023. "Click to view details
[SMM Steel: transport restrictions on raw materials not enough raw materials in Tangshan.] according to SMM research, the transportation of Tangshan steel enterprises is limited due to the epidemic, and some steel enterprises are short of raw materials (mainly coke raw materials). According to SMM incomplete statistics, four steel enterprises have stopped production of 6 blast furnaces this week, involving an output of 29700 tons of hot metal per day. As the problem of insufficient raw material inventory is difficult to be completely solved in the short term, SMM expects that there will still be more steel companies to reduce furnace production in recent days.
[Jiangsu will conduct carbon verification on more than 500 key emission units in 2022] according to the Jiangsu Provincial Department of Ecological Environment, Jiangsu will verify more than 500 key emission units this year, involving petrochemical, chemical, building materials, iron and steel, non-ferrous, paper, power, aviation and other industries, with the aim of grasping the annual carbon emissions of key enterprises and scientifically determining carbon quotas. "Click to view details
[overthrow Trump-era trade barriers US agrees to lower high tariffs on British steel and aluminium products] as the two countries try to resolve Trump-era trade disputes, the United States has agreed to relax high tariffs on British steel and aluminum products. According to foreign media reports, under the agreement announced on Tuesday, the US government will suspend 25 per cent and 10 per cent import duties on British steel and aluminium products respectively, but still set certain quotas. That is, the United States can import 500000 tons of steel and 21600 tons of steel and aluminum products duty-free from the UK each year, and duties will be paid on excess imports. "Click to view details
[China Iron and Steel Association: in mid-March, steel enterprises produced 20.4931 million tons of crude steel.] in mid-March 2022, steel enterprises produced a total of 20.4931 million tons of crude steel, 17.9632 million tons of pig iron and 20.1251 million tons of steel. Of this total, crude steel produced 2.0493 million tons per day, up 4.61 percent from the previous month; pig iron produced 1.7963 million tons per day, up 3.05 percent from the previous month; and steel produced 2.0125 million tons per day, up 5.17 percent from the previous month. "Click to view details
[Shandong Development and Reform Commission: scrap utilization increases by more than 20% by 2025] recently, the Shandong Provincial Development and Reform Commission issued the "Green low-carbon Circulation Development Plan of Shandong Province during the 14th five-year Plan". We will actively implement the "Internet + recycling" model, achieve online and offline coordination, and further improve the level of facilitation for residents to trade in waste materials. We will speed up the improvement of the level of processing and utilization of renewable resources, implement standardized management in the industries of recycling of renewable resources such as scrap iron and steel, waste non-ferrous metals, waste plastics, waste paper, waste tires, waste mobile phones and waste power batteries, and build a modern "urban mineral" base at a high level. by 2025, compared with the end of the 13th five-year Plan, the utilization of waste paper will increase by about 10% and that of scrap steel by more than 20%. The utilization of scrap non-ferrous metals has increased by more than 30%. "Click to view details
[Vietnam Yongjin's first cold-rolled stainless steel annealing and pickling project] recently, Yongjin (Vietnam)'s first cold-rolled stainless steel annealing and pickling project has been successfully put into production, which is the first overseas project completed independently by Beijing Qinye Zhongzhi Technology Co., Ltd. this project helps to promote the connectivity between China and Vietnam and promote the common development and prosperity of the region. Data show that Vietnam Yongjin was established in April 2019, its responsible for the implementation of the "annual production capacity of 250000 tons of precision stainless steel plate strip project" is Yongjin's first overseas project.
[Hainan Mining's 2021 net profit rose 513.55% year-on-year with rising iron ore and oil and gas prices driving income growth] Hainan Mining released a summary of its 2021 annual report on March 23. From the main financial indicators disclosed in the report, Hainan Mining achieved operating income of 4.119 billion yuan in 2021, an increase of 49.04% over the same period last year; net profit of shareholders belonging to listed companies reached 874 million yuan, an increase of 513.55% over the same period last year. Affected by the epidemic and macro factors at home and abroad in 2021, the prices of iron ore and oil and gas increased to varying degrees over the previous year. Under this influence, Hainan Mining will seize the opportunity and take more measures at the same time, closely follow the national strategic development plan, strengthen safety and environmental protection control, actively promote production, and enhance the overall profitability of the company through the efforts of both production and marketing. "Click to view details
[SMM News] the market trend of coking coal is divided, and prices rise and fall each other. Affected by this round of sporadic epidemic in many places, the inter-provincial transportation in Shanxi is limited, and the price of some high-priced resources, such as Shanxi Linfen and Changzhi low-sulfur main coking coal, has been reduced by 200 yuan per ton, but the prices of some resources with low transaction prices, such as Linfen, have rebounded.
[global crude steel production fell 5.7 per cent in February 2022 compared with the same period last year] in February 2022, crude steel production in 64 countries included in the statistics of the World Iron and Steel Association was 142.7 million tons, down 5.7 per cent from the same period last year. The top 10 countries with cumulative crude steel output in February 2022: from January to February 2022, China's estimated crude steel production decreased by 10.0% compared with the same period last year; India's crude steel production increased by 7.6%; Japan's crude steel production decreased by 2.3%; American crude steel production increased by 1.4%; Russian crude steel production decreased by 1.4%; and South Korea's crude steel production decreased by 6.0%. Crude steel production in Germany increased 3.8 per cent year-on-year; crude steel production in Turkey fell 3.3 per cent year-on-year; crude steel production in Brazil fell 6.9 per cent year-on-year; and Iran's crude steel production is expected to increase 3.7 per cent year-on-year. "Click to view details
[Tangshan implements global closure and suspension of processing and use of transport permits] on March 22, the leading group of COVID-19 epidemic prevention and control work in Tangshan decided to implement temporary global closure and control management in the whole city until further notice. According to SMM research, prior to this, the transport vehicle pass for key enterprises put forward by the Tangshan Industry and Information Department has been suspended. Tangshan has basically entered a static state since March 20, and the available days of raw materials in local steel enterprises are about 5-15 days, mostly in 5-10 days. As the management cycle of this round of closure and control is difficult to determine, and the transportation of raw materials is blocked, it is expected that the number of stew enterprises in Tangshan Steel will increase in the short term.
[China Iron and Steel Association: steel prices in the domestic market rose slightly in February] February is the off-season of steel demand. Affected by the heating season and production restrictions of the Winter Olympic Games, the cold weather and repeated novel coronavirus epidemic in some areas are superimposed. Steel demand in the domestic market is relatively weak, and iron and steel production remains at a low level. Driven by stronger market expectations after the Spring Festival, steel prices rose slightly in the first two weeks of March. At the end of February, China's steel price index (CSPI) was 135.94 points, up 2.96 points from the previous month, up 2.23% from the previous month, up 1.25% from the previous month, and 4.58% from a year earlier, up 3.49% from a year earlier, according to the Iron and Steel Association. "Click to view details
[Chongyi Zhangyuan Tungsten Industry Co., Ltd. issued a price adjustment letter] the company decided that from April 02, 2022, cemented carbide products will be implemented at the new price (for specific business, please contact the corresponding sales staff of the company). From the date of price adjustment, all products will be implemented at the new price. "Click to view details
Terminal information
[Taiwan Earthquake: some machines in TSMC and other semiconductor factories are affected] the personnel of TSMC, United Power, Nanmao and other semiconductor factories are safe, and only some sensitive machines are down. Among them, in the southern part of the science park, some of Qunchuang's 2 plants were down, but it was finally confirmed that there was no impact. According to local media reports, TSMC said that most of the plants did not meet the evacuation standards, only sporadic evacuations, and soon returned to the production line after Earthquake. Liandian said that employees and plants are safe, and some machines need to restart the protective shutdown function, and the overall performance in the first quarter will not be affected. Aftershocks of magnitude 6.6 Earthquake struck off the coast of Taitung County, Taiwan in the early morning of the 23rd.
[in the first quarter of 2022, the diamond line is full of orders] in the first quarter of this year, the photovoltaic industry showed a high overall operating rate, not light in the off-season. An enterprise is currently the world's largest diamond line production enterprise, according to the person in charge, the enterprise is currently saturated orders, the factory is in a state of 24-hour overtime production. According to the national power industry statistics released by the National Energy Administration from January to February, as of the end of February, the country's installed power generation capacity was about 2.39 billion kilowatts, an increase of 7.8 percent over the same period last year. Industry insiders said that the domestic photovoltaic industry production continues to rise, superimposed overseas market demand for photovoltaic installation is higher, the overall performance of the photovoltaic sector is expected to improve in the first quarter.
[SMM project: it's not over yet? The price of new energy vehicles is rising again! In 2022, under the combined influence of the decline of subsidies for new energy vehicles, the sharp rise in raw material prices, lack of cores and other factors, a group of new energy vehicles headed by Tesla started the first wave of price increases at the beginning of the year. With the rapid rise in the prices of raw materials upstream in the first two months of 2022, the second round of price increases also came unexpectedly. According to media data, in March alone, more than 20 new energy car companies announced price increases, involving more than 40 models. MM has sorted out several representative car companies that have announced price increases since March 10, involving Tesla, Xiaopeng, BYD, ideal and other well-known enterprises. "Click to view details
[ideal car: ideal ONE price raised to 349800 yuan from April 1] ideal car announcement, due to the continuous sharp rise in upstream raw materials, ideal car will adjust the price of ideal ONE from April 1, and the national unified retail price will be raised from the current 338000 yuan to 349800 yuan. "Click to view details
[CAA Chen Shihua: raw material price increases have been included in the monitoring vision and action has been stepped up recently] in response to the upsurge in raw material prices, Chen Shihua, deputy secretary general of the China Association of Automobile Manufacturers, pointed out: first, this round of abnormal rise in raw material prices, deviating from the normal relationship between supply and demand, belongs to irrational rise, and there is speculation in order to seize the last window before lithium production expansion. Unfair competition behavior of hoarding and deliberately driving up prices. The pricing of upstream enterprises should return to rationality, and automobile companies should also hold their positions steadily. The second is to bid up the price of raw materials for power batteries, which is extremely destructive to the new energy vehicle industry, which has been cultivated for more than a decade and is in the period of subsidy and shift, and affects the stable and healthy development of new energy vehicles, a strategic emerging industry in the country. what's more, it affects the "double cycle" pattern that is being built, which runs counter to the national development strategy. Third, the China Association of Automobile Manufacturers has put the price increase of raw materials into the monitoring field since the second half of 2021, and has stepped up its action in the near future to submit suggestions to the relevant competent authorities. In view of this unfair competition, the national competent authorities have made it clear that they will resolutely crack down on unfair competition. "Click to view details
[NDRC: gradually establishing a complementary development model for fuel cell electric vehicles and lithium battery electric vehicles] on March 23, the NDRC issued the medium-and long-term Plan for the Development of hydrogen Energy Industry (2021-2035). It is mentioned that based on the basic conditions such as local hydrogen energy supply capacity, industrial environment and market space, and combined with the development characteristics of the road transportation industry, we should focus on promoting the application of hydrogen fuel cell medium and heavy vehicles, orderly expand the application space of hydrogen fuel cell and other new energy passenger and cargo vehicles, and gradually establish a complementary development model between fuel cell electric vehicles and lithium battery pure electric vehicles. Actively explore the application of fuel cells in ships, aircraft and other fields, promote the research and development of large-scale hydrogen aircraft, and constantly improve the market scale of hydrogen energy application in the field of transportation. "Click to view details
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