LME copper prices closed at $8,158.5/mt last evening, down 1.8%. Trading volume was 15,000 lots and open interest stood at 256,000 lots. SHFE 2306 copper contract finished at 65,190 yuan/mt last evening, down 0.62%. Trading volume was 34,000 lots, and open interest stood at 153,000 lots.

SHANGHAI, May 19 (SMM) – The most-traded SHFE 2306 aluminium contract opened at 18,475 yuan/mt overnight, with its low and high at 18,300 yuan/mt and 18,485 yuan/mt before closing at 18,405 yuan/mt, down 70 yuan/mt or 0.38%.

SHANGHAI, May 18 (SMM) – Recently, the transaction price of lithium hexafluorophosphate (LiPF6) has been rising continuously, mainly driven by supply shortage.

SHANGHAI, May 18 (SMM) – The most-traded DCE 2309 iron ore contract closed up 1.91% at 746.5 yuan/mt today May 18.

On May 18, premiums of Jinchuan nickel were 10,900-11,500 yuan/mt.

Shanghai nonferrous metals closed with gains in day trading.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on May 18, 2023

High-carbon ferrochrome prices fell initially and then rebounded in April. As of May 10, the ex-factory prices of high-carbon ferrochrome natural lump in Inner Mongolia were offered at 9,000-9,100 yuan/mt (Cr 50%, in cash, including tax), 9,000-9,200 yuan/mt (Cr 50%) in Sichuan, and 9,000-9,100 yuan/mt (Cr 50%) in north-west China.

Yuguang Gold and Lead announced that Jiangxi Yuanfeng Nonferrous Metals Co., Ltd., a wholly-owned subsidiary of the company, plans to build a secondary lead resources efficient utilization and clean production technical transformation project in the Mineral Science and Technology Industrial Park of Yongfeng County, Jiangxi Province.

Intraday LME nickel Tuesday once rose to more than $100,000/mt with a gain of over 100%.