Shanghai Metals Market

National Bureau of Statistics: Manufacturing PMI in September Was 49.8%, Up 0.4 Percentage Points from the Previous Month

According to data from the National Bureau of Statistics (NBS), the manufacturing PMI was 49.8% in September, up 0.4 ...
Shanghai Metals Market

[SMM Nickel Midday Review] Nickel prices retreated after a rapid rise on September 30, influenced by sentiment fluctuations related to Indonesian ore. During the long holiday ...

Li Chao, Deputy Director of the Policy Research Office and spokesperson of the National Development and Reform Commission (NDRC), stated on September 29 that despite challenges in economic operations, ...
Shanghai Metals Market

Copper Prices Surged, Stockpiling Largely Concluded, Market Sluggish on Last Trading Day Before Holiday [SMM North China Spot Copper]

In North China today, spot #1 copper cathode prices against the front-month contract were at a discount of 260-120 yuan/mt, averaging a discount of 190 yuan/mt, down 70 yuan/mt from the previous ...
Shanghai Metals Market

Guangxi Yusheng Germanium Industry Today Announced the Resumption of Germanium Product Production and Price Adjustments [SMM Report]

According to official information obtained by SMM, Guangxi Yusheng Germanium High-Tech Co., Ltd. today announced the resumption of production and price adjustments for its germanium products. The ...
Shanghai Metals Market

China's sodium pyroantimonate production assessment in September is expected to increase significantly by around 11% MoM [SMM data]

According to SMM's assessment, China's production of first-grade sodium pyroantimonate in September 2025 is expected to increase significantly by approximately 11% MoM. After experiencing significant ...
Shanghai Metals Market

In September 2025, China's SMM-assessed antimony ingot production decreased by approximately 8.84% MoM [SMM Data]

According to SMM's assessment, China's antimony ingot production (including antimony ingots, converted crude antimony, antimony cathode, etc.) in September 2025 decreased by approximately 8.84% MoM ...
Shanghai Metals Market

Fundamentals Perform Better Than Expected, SHFE Lead Stops Falling and Rebounds [SMM Lead Morning News]

Fundamentals Outperform Expectations, SHFE Lead Stops Falling and Rebounds] SMM September 30: Overnight, LME lead opened at $2,003.5/mt. At the beginning of the session, SHFE lead weakened briefly, ...
Shanghai Metals Market

Spot Lead Shows Strong Resilience in the Short Term as Pre-Holiday Stockpiling Exceeds Expectations [SMM Lead Morning Meeting Minutes]

Pre-Holiday Stockpiling Exceeds Expectations, Spot Lead Shows Strong Resilience in the Short Term] National Development and Reform Commission (NDRC): The total scale of the new-type policy-based ...
Shanghai Metals Market

Magnesium producers show flexibility in pricing with low-priced supplies available, magnesium prices in the doldrums [SMM Magnesium Morning Meeting Minutes]

Magnesium Producers Show Flexibility on Prices with Low-Priced Supplies Available, Magnesium Prices in the Doldrums] Magnesium prices remained under pressure today, with sluggish market transactions ...
Shanghai Metals Market

U.S. Bureau of Labor Statistics Suspends Data Release, LME Copper Surged Sharply Last Night [SMM Copper Morning Meeting Minutes]

LME copper opened at $10,262.5/mt overnight, initially dipped to $10,256/mt, then copper prices gradually rose to a high of $10,450/mt, fluctuated considerably, and finally closed at $10,428.5/mt, up ...
Shanghai Metals Market

National Bureau of Statistics (NBS) Interpretation: Manufacturing PMI Continued to Rebound in September, China's Overall Economic Output Expansion Slightly Accelerated

Data from the National Bureau of Statistics (NBS) showed that in September, the manufacturing PMI was 49.8%, up 0.4 percentage points from the previous month, indicating continued improvement in the ...