Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Consulting

Home / Metal News / SMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore Skyrocketed

SMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore Skyrocketed

Jun 1, 2023 18:04

Source:SMM

Crude oil rose today. As of 15:09, WTI oil and Brent oil rose 0.88% and 0.95% respectively.

The U.S. dollar index rose 0.09% as of 15:10. As of the closing of the intraday trading, SHFE lead and nickel fell 0.43% and 0.17% respectively; SHFE aluminum rose 2.04%, SHFE copper rose 1.4%, SHFE tin rose 0.82%, and SHFE zinc rose 0.78%.

Iron ore rose 5.77%, coking coal rose 3.58%, hot-rolled coil rose 3.01%, and coke rose 2.87%.

Futures market

Market review

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

For more info, please contact us: Tel: +86 021 5155-0306 Email: service.en@smm.cn Website: https://www.metal.com/ #smm #aluminium #inventory #China

Aug 17, 2023 09:45

Analysis

Significant market concerns weighed on copper prices

LME copper closed at $8,295/mt last Friday evening, a drop of 0.64%. Trading volume was 18,000 lots and open interest stood at 270,000 lots. The most active SHFE 2309 copper contract prices finished at 68,080 yuan/mt last Friday evening, down 0.56%. Trading volume was 38,000 lots, and open interest stood at 164,000 lots.

Aug 14, 2023 09:56

Industry

[SMM Lead Morning Comments] LME and SHFE zinc Prices Weakened amid Stock Accumulation at Home and Abroad

LME lead prices closed at $2125/mt last Friday evening, down 0.7%.

Aug 7, 2023 09:50

Industry

[SMM Zinc Morning Review] Positive Policy Guidelines Helped Most Nonferrous Metals Prices Rise, Zinc Prices Closed Higher

Overnight, LME zinc closed up $73/mt or 3.02% at $2,493/mt. The trading volume was 12,717 lots, and open interest added 4,042 lots to 199,000 lots. China has promised to strengthen its policy support for the economy. Meanwhile, the confidence of US consumers has improved. And the IMF expects the global economy to grow. The market was optimistic, and most of nonferrous metals rose.

Jul 26, 2023 10:00

Industry

LME Zinc upward movement is hindered or will continue to consolidate [SMM Zinc Early Review， July 21]

Overnight, the White House expressed regret that former U.S. Secretary of State Kissinger received more interviews than current officials during his visit to China; the number of Americans filing for unemployment benefits unexpectedly fell last week, raising expectations that the Federal Reserve may continue to raise interest rates; Exclusive: North Korea hacked U.S. IT companies to steal cryptocurrency.

Jul 21, 2023 13:20

Industry

LME Zinc upward movement is hindered or will continue to consolidate [SMM Zinc Early Review， July 21]

Macro Favourable Still Exists, But Nickel Prices will Run Weakly

Macro, on July 10th, the two national bureaus to extend the two financial support real estate market policy period, macro positive plate.

Jul 13, 2023 09:54

Industry

Macro Favourable Still Exists, But Nickel Prices will Run Weakly

SMM Daily Comments (Jul 6): SHFE, LME Base Metals Diverged with SHFE Nickel and Tin Skyrocketing, Ferrous Metals Rose across the Board

As of 15:32 CST, WTI oil rose 0.13%, while Brent oil fell 0.09%. The US dollar snapped its three-day winning streak and fell 0.15%.

Jul 6, 2023 16:27

Industry

SMM Daily Comments (Jul 6): SHFE, LME Base Metals Diverged with SHFE Nickel and Tin Skyrocketing, Ferrous Metals Rose across the Board

Slack Demand Prevents Secondary Aluminium Alloy Prices From Gaining As Much As Aluminium Prices

SHANGHAI, Jun 5 (SMM) –The prices of ADC12 secondary aluminium alloy rose 150 yuan/mt from a week ago to 18,650 yuan/mt as of last Friday.

Jun 5, 2023 18:06

Industry

SMM Analysis On Sentiment Of Market Players In Lithium Carbonate Industry Chain

SHANGHAI, Jun 5 (SMM) – SMM battery-grade lithium carbonate prices were 282,000-313,000 yuan/mt as of May 30, with the average price up 2,500 yuan/mt from the previous trading day to 297,500 yuan/mt.

Jun 5, 2023 18:05

Industry

Premiums Of Imported Iron Ore Lumps To Rise Further, Despite Off-Season

SHANGHAI, Jun 5 (SMM) – The 10th round of coke price cuts slightly boosted the demand for lumps.

Jun 5, 2023 18:02

Industry

Premiums Of Imported Iron Ore Lumps To Rise Further, Despite Off-Season

SMM Events & Webinars

All

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

SMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore Skyrocketed

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit