Shanghai Metals Market

[SMM Analysis] China Magnesium Product Exports Slightly Contracted in 2025, Alloys Bucked the Trend as the Sole Bright Spot

In 2025, China's cumulative magnesium product exports reached 447,000 mt, down 2.7% YoY. The market showed structural ...
Shanghai Metals Market

9-Year Low: China's Copper Anode Imports Only 750,000 mt in 2025 [SMM Analysis]

According to data from the General Administration of Customs, China imported 61,300 mt of copper anodes (HS code: 74020000) in December 2025, up 5.15% MoM but down 23.52% ...
Shanghai Metals Market

SHFE Lead Recorded an Inverted V-Shaped Intraday Trend, Marking a Four-Day Losing Streak [Futures Lead Brief Review]

The most-traded SHFE lead 2603 contract opened at 17,045 yuan/mt. It fluctuated upward in early trading, experienced a slight correction around midday, then strengthened again, hitting a high of ...
Shanghai Metals Market

Cost Support Remains Strong, SiMn Maintains Fluctuating Trend [SMM SiMn Futures Review]

SM2605 contract opened at 5,798 yuan/mt and closed at 5,786 yuan/mt, down 0.24%. The daily highest price was 5,810 yuan/mt, and the lowest price was 5,766 yuan/mt. Trading volume was 135,400 lots, and ...