Shanghai Metals Market

[SMM Analysis] Lithium Rally Fuels Sodium Battery Substitution: Industry Poised for Scale & Quality Leap in 2026

At the close of 2025, the continued rise in lithium carbonate prices pushed up lithium battery costs. With expectations of future cost advantages for sodium-ion batteries, substitution expectations ...
Shanghai Metals Market

[SMM Analysis] Nickel’s Counter-Seasonal Spike Opens Arbitrage Opportunities: Catalysts & Outlook for High-Grade NPI Price

Off-Season Futures Surge Creates Arbitrage Window: High-Grade NPI Price Drivers and Outlook] Recently, the market has been ...
Shanghai Metals Market

[Nickel Pig Iron Daily Review] Quota News Causes Futures to Plunge Sharply; High-Grade NPI May Face Resistance to Rise

Quota News Drives Futures Sharply Lower, High-Grade NPI May Face Resistance] January 8 - The average price of 10-12% high-grade NPI was 960 yuan/mtu (ex-factory, tax included), up 12.5 yuan/mtu MoM ...
Shanghai Metals Market

Bull Funds Withdraw, SHFE Lead Falls Sharply [Lead Futures Brief Review]

The most-traded SHFE lead 2602 contract opened at 17,590 yuan/mt today. Bulls took concentrated profits and exited, causing SHFE lead to fluctuate downward sharply. It found support at the 60-day ...
Shanghai Metals Market

Platinum and Palladium Futures Fell Significantly Intraday, with the Spot-Futures Price Spread of the Most-Traded Platinum Contract on the Shanghai Gold Exchange Inverted [SMM ...

On January 8, the most-traded platinum futures contract PT2606 and the most-traded palladium futures contract PD2606 both fell significantly during the day, with PT2606 closing at 575 yuan per gram, ...
Shanghai Metals Market

SiMn futures under pressure and pull back, SiMn market cools down [SMM SiMn Futures Review]

SM2603 contract opened at 5,990 yuan/mt and closed at 5,892 yuan/mt, down 1.777%. The daily highest price was 6,036 yuan/mt, and the lowest price was 5,872 yuan/mt. Trading volume was 275,900 lots, ...