News

Shanghai Metals Market1h
US ADP employment data in May fell sharply short of expectations. Trump commented swiftly: "Powell should cut interest rates."
Data released by Automatic Data Processing, Inc. (ADP) on Wednesday (June 4) showed that amid various macroeconomic ...
Shanghai Metals Market1h
Runjian Co., Ltd.: Awarded the Bid for China Resources Power's Tongchuan Yaozhou Shizhu 100MW PV Power Generation Project
Runjian Inc. announced that the company had recently won the bid for the China Resources Power Tongchuan Yaozhou Shizhu 100MW PV Power Generation Project, with a bid amount of 83.9187 million yuan ...
Shanghai Metals Market1h
Xiamen Xiangyu has production schedules for shipbuilding orders in hand extending to 2029, with breakthrough orders for large bulk carriers.
In terms of performance, Xiamen Xiangyu achieved revenues of 366.671 billion yuan and 97.135 billion yuan in 2024 and Q1 2025, respectively, with YoY changes of -20.12% and -7.11%. Net profits for the ...
Shanghai Metals Market1h
Daye Nonferrous Metals held a bidding for 30 mt of crude selenium with metal content today [SMM Selenium Report]
According to official news from Daye Nonferrous Metals Group Holding Co., Ltd., 30 mt (metal content) of crude selenium with a product quality of approximately 91% metal content was recently put up ...
Shanghai Metals Market2h
Downstream willingness to restock at lower prices has decreased, while SHFE tin prices continue to fluctuate upward [SMM Tin Morning News]
Spot Market: As prices climb, downstream enterprises' willingness to restock on dips has decreased. Some end-users are making just-in-time procurement. Traders reported that yesterday's transactions ...
Shanghai Metals Market1h
Trade negotiations are still ongoing, with aluminum prices under short-term pressure and fluctuating [SMM Aluminum Morning Meeting Summary]
Trade Negotiations Ongoing, Aluminum Prices Under Short-Term Pressure and Fluctuation] The US Fed's Beige Book revealed a slowdown in US economic activity and excessive inflationary pressures, while ...
Shanghai Metals Market2h
Is the Risk of U.S. Debt Default Looming? Trump: Abolish the Debt Ceiling Entirely to Avoid Economic Disaster
As the US federal deficit "continues to soar," President Trump has finally revealed his "true feelings": the US should abolish the debt ceiling system. He urged both parties to take action to abolish ...
Shanghai Metals Market2h
Poor US data supports copper prices, but there is still resistance to the upside [SMM Morning Comment on Copper]
Overnight, LME copper opened at $9,640/mt, touching a low of $9,603.5/mt shortly after the opening bell. It then fluctuated considerably upward, reaching a high of $9,660/mt near the close, and ...
Shanghai Metals Market1h
Bank of Canada Holds Steady as Expected, But Says Future Interest Rate Cut Possible
"In the face of unusual uncertainty, policymakers are proceeding with caution, paying particular attention to risks," McCallum said. He added that the Bank of Canada will continue to support economic ...
Shanghai Metals Market2h
Spot market transactions remained sluggish, with the total registered volume of alumina warrants continuing to decline [SMM Alumina Morning Comment]
Futures Market: Overnight, the most-traded alumina ag2509 futures contract opened at 3,053 yuan/mt, with a high of 3,058 yuan/mt, a low of 3,024 yuan/mt, and closed at 3,033 yuan/mt, down 10 yuan/mt ...
Shanghai Metals Market2h
Market continues to focus on trade negotiations, LME zinc maintains fluctuating trend [SMM Zinc Morning Meeting Summary]
Shanghai: The supply of domestically produced zinc ingots in the market remains limited. Traders' spot quotations continue to float above the average price, with spot premiums remaining high.
Shanghai Metals Market2h
US employment data significantly falls short of expectations, LME copper edges higher overnight [SMM Copper Morning Meeting Summary]
Overnight, LME copper opened at $9,640/mt, touching a low of $9,603.5/mt in the early session before fluctuating considerably upward. It approached a high of $9,660/mt near the close and ultimately ...