Shanghai Metals Market

MMi Daily Iron Ore Report (March 3)

Today, DCE Iron ore futures trended stronger, with the most-traded I2605 contract closing at 753.5 RMB/ton, an increase of ...
Shanghai Metals Market

[SMM Hot-Rolled Arrivals] Arrivals in Major Mainstream Markets Pulled Back in the First Week After the Holiday

According to SMM statistics, the estimated total shipments to mainstream markets this week reached 302,700 mt, up 50.90% WoW. By market: ...
Shanghai Metals Market

The Most-Traded BC Copper Contract Closed Down 1.47%, a Stronger US Dollar Index Put Copper Prices Under Pressure [SMM BC Copper Commentary]

The SHFE copper 2604 contract closed at 102,100 yuan/mt. Based on the BC copper 2604 contract at 90,560 yuan/mt, its after-tax price was 102,333 yuan/mt. The price spread between the SHFE copper 2604 ...
Shanghai Metals Market

SHFE Cast Aluminum Alloy Warrant Volume Down 975 mt to 62,228 mt on March 3

SMM Flash] SHFE data showed that on March 3, the total registered cast aluminum alloy warrant volume was 62,228 mt, down 975 mt from the previous tra ...
Shanghai Metals Market

Domestic ADC12 Prices Rise by 300 Yuan/mt, Driven by Cost and Steady Demand Recovery

SMM Aluminum Alloy Daily Review] Domestic ADC12 spot quotes continued to rise, with the mainstream increase reaching 300 yuan/mt. Cost side, supporte ...
Shanghai Metals Market

Post-Holiday Expectations for Hot Metal Production Improve, Iron Ore Futures Rise Slightly [SMM Brief Commentary]

DCE iron ore futures moved higher today, with the most-traded contract I2605 finally closing at 753.5 yuan/mt, up 0.67% from the previous trading session. The spot price was basically flat from the ...
Shanghai Metals Market

[SMM Chromium Daily Review] Trading Is Expected to Recover on Improved Expectations; the Chromium Market Remains Firm and Stable

Expectations Were Bullish on a Recovery in Trading Activity; the Chromium Market Ran Strong and Stable] March 3, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was flat ...
Shanghai Metals Market

SHFE Copper Futures Warrants Rise by 4,624 MT, Mainly in Shanghai Area

SMM Copper Flash] According to SHFE data, on March 3, copper futures warrants increased by 4,624 mt to 300,505 mt, mainly in the Shanghai area. Futur ...
Shanghai Metals Market

[SMM HRC Daily Trading] Futures Traded Choppily; Spot Cargo Trading Changed Relatively Little

SMM HRC Daily Trading] On March 3, the total daily HRC trading volume of sampled enterprises in four SMM cities (Shanghai, Lecong, Tianjin, and Ningb ...
Shanghai Metals Market

[SMM Analysis] Disruption of Transportation Hubs: Analyzing the Middle East PV Market Amid Geopolitical Turbulence

Recently, geopolitical turbulence in the Middle East has emerged, bringing a certain degree of impact to the overall overseas PV market. Below, we provide an in-depth analysis of the current Middle Ea ...
Shanghai Metals Market

Alma Metals Expands Copper Resources at Queensland's Briggs Project, Aiming for 3-4 Million Tonnes

Alma Metals (ASX: ALM) holds 2 million tonnes of copper resources at its Briggs Copper Project in Queensland, making it the largest undeveloped copper ...
Shanghai Metals Market

The Most-Traded SHFE Lead 2604 Contract Closed With a Small Bearish Candlestick; It Is Expected to Maintain a Fluctuating Trend in the Short Term [Lead Futures Brief Commentary]

During the day, the most-traded SHFE lead 2604 contract opened at 16,845 yuan/mt. Affected by market sentiment and weak spot transactions, lead prices fluctuated downward, touching an intraday low of ...