SHANGHAI, May 9 (SMM) - LME tin inventory hit a 5-month high of 3,120 mt on May 6.

Recently, Jiangsu Guotai indicated that the prices of main raw materials for the electrolyte purchased from domestic suppliers have been declining.

According to the data released by the World Gold Council, in April, the global gold ETF achieved a net inflow of 43 mt (about $3 billion), 77% lower than last month. 

SMM data showed that copper inventories across mainstream areas in China increased 9,400 mt from last Friday April 29 to 120,000 mt as of Friday May 6.

[SMM afternoon comment on lead: Express report on 1# lead market in other regions] During the day, the SMM1# lead prices rose while the smelters maintained to quote at discounts. Due to the low acceptance to the sharply rising lead prices, the goods receiving willingness was insufficient.

SHANGAHI, May 4 (SMM) - Looking back on the trend of nickel prices in April, most of the trading days were in upward trend and only few were in downstream trend. SHFE nickel remained high as a whole in April. How will the nickel prices go in May?

SHANGHAI, May 5 (SMM) - In addition to the battery leader CATL, other power battery factories also raised their prices.

In terms of import structure, the imports of rare earth metal ore took up the largest proportion and stood at 11,000 mt in March, a year-on-year increase of 6.15%, all of which came from the United States. The imports of rare earth metal ore were 9,750 mt in February, and the imports in March rose 17.4% MoM.

SMM China lead ingot inventory across five major markets in China stood at 94,800 mt as of April 29, down 2,600 mt from last Friday April 22 and down 3,900 mt from Monday April 25.

This week, LME nickel remained volatile. Due to the macro factors, SHFE nickel prices remained rangebound at high levels this week, and the price ratio was not improved.