Shanghai Metals Market

As US-Iran Negotiations Continue, What Is the Outlook for Galvanized Sheet Exports in May?

According to the latest customs data, galvanized sheet exports in April 2026 totaled 1.1761 million mt, up 1.65% MoM and down 8.84% YoY. Cumulative galvanized sheet exports from January to April ...
Shanghai Metals Market

HRC Inventory, Week 3 of May 2026

This week, HRC social inventory was 2.8688 million mt, down 117,400 mt from the prior period (down 3.93% MoM; up 44.66% YoY; up 34.58% YoY on a lunar- ...
Shanghai Metals Market

General Administration of Customs: China's April Copper Cathode Imports Up 5.20% YoY, Import and Export Breakdown

Data from the online customs statistics query platform showed that China's copper cathode imports in April 2026 totaled 315,798.48 mt, up 13.04% MoM and up 5.20% YoY. China imported 147,428.95 mt of ...
Shanghai Metals Market

[SMM Nickel Flash] Indonesia May Include Nickel Pig Iron in SOE Export Mechanism

According to Indonesian Ministry of Trade meeting materials, Indonesia plans to bring ferroalloy exports under its strategic natural resource ...
Shanghai Metals Market

China's Cast Aluminum Alloy Ingots Inventory Rises for 6th Week Amid Off-Season Demand Slump

SMM Aluminum News Flash] According to SMM statistics, as of Thursday this week, the social inventory of cast aluminum alloy ingots in China's major c ...
Shanghai Metals Market

[SMM Analysis] China’s April Unwrought Aluminum Alloy Exports Soar, Imports Slump — Core Drivers & May Outlook

Today, the General Administration of Customs released import and export data for April 2026. Customs data showed: Imports of unwrought aluminum alloy in April 2026 were 73,500 mt, down 15.4% YoY and ...
Shanghai Metals Market

General Administration of Customs: China's April Refined Tin Imports Up 148.41% YoY, Import and Export Breakdown

Data published on the online customs statistics query platform showed that China's refined tin imports in April 2026 were 2,801.99 mt, down 14.77% MoM and up 148.41% YoY. China im ...
Shanghai Metals Market

[SMM Analysis] Some Producers' Spot Order Coefficients Rose, but Pullback in Sulphate Prices Drove Precursor Prices Lower

This week, ternary cathode precursor prices declined. Nickel sulphate prices remained stable today, cobalt sulphate prices declined, and manganese sulphate prices remained stable.
Shanghai Metals Market

Tight Supply Overlaid with Liquidity Tightening Expectations, SHFE Tin Contract Consolidates at Highs in Stagnant Trading [SMM Tin Midday Review]

Tight Supply Conditions Combined with Expectations of Tightening Liquidity, SHFE Tin Contracts Consolidate at Highs in Stagnant Trading] ...
Shanghai Metals Market

【SMM Analysis】Ternary Cathode Transaction Sentiment Recovers This Week

This week, ternary cathode material prices declined. On the raw material front, nickel sulfate and cobalt sulfate showed slight downward movements, manganese sulfate edged up, while lithium carbonate ...
Shanghai Metals Market

[SMM Nickel Midday Review] Nickel prices fluctuated downward on May 21 as US Fed began considering the possibility of rate hikes

On May 21, SMM #1 refined nickel prices rose 1,550 yuan/mt from the previous trading day. Spot premiums: Jinchuan #1 refined nickel averaged 1,200 yuan/mt, down 250 yuan/mt from the previous trading ...
Shanghai Metals Market

Copper Prices and Inventory Both Rise, End-User Restocking Desire Remains Sluggish [SMM South China Spot Copper]

Guangdong #1 copper cathode spot prices against the front-month contract today: high-quality copper was quoted at a premium of 240 yuan/mt, down 20 yuan/mt from the previous trading day; ...