Shanghai Metals Market

[SMM Nickel Midday Review] Nickel prices edged higher on November 20, while the US Fed remained deeply divided over whether to cut interest rates in December.

The most-traded SHFE nickel contract (2601) saw a slight increase in prices at the night session, and continued to fluctuate during the daytime session, closing at 115,950 yuan/mt by the midday break, ...
Shanghai Metals Market

Secondary Lead: Discounts for Secondary Refined Lead Remain Narrow, Downstream Battery Producers Show Moderate Inquiries and Purchase Willingness [SMM Lead Midday Review]

The SMM #1 lead average price increased by 25 yuan/mt to 17,125 yuan/mt today. Suppliers of secondary refined lead showed moderate willingness to quote, and the discount range remained narrow.
Shanghai Metals Market

[Daily Nickel Pig Iron Review] Procurement Sentiment Recovers but Overall Oversupply Persists, High-Grade NPI Price Pressure Remains

Procurement Sentiment Recovers but Overall Oversupply Persists, High-Grade NPI Prices Remain Under Pressure] November 20 - The SMM average price for 10-12% high-grade NPI was 894.5 yuan/mtu ...
Shanghai Metals Market

SHFE Tin Declines After Fluctuating at Highs in Afternoon Trading; LME Tin Also Falls, Breaking Below $37,000/mt Mark [SMM Tin Midday Review]

During the midday session on November 20, 2025, the most-traded SHFE tin contract (2512) closed at 292,460 yuan/mt, up 80 yuan or 0.03% from the previous day. Trading activity cooled compared to the ...
Shanghai Metals Market

[SMM Nickel Sulphate Daily Review] November 20: Increased Supply from Refined Nickel Conversion Puts Pressure on Nickel Salt Prices

On November 20, the SMM battery-grade nickel sulphate index price was 28,076 yuan/mt, with the quotation range for battery-grade nickel sulphate between 28,060-28,280 yuan/mt, and the average price ...
Shanghai Metals Market

Supply and Demand Rebound, Market Trading Activity Heats Up [SMM North China Spot Copper]

Spot prices of #1 copper cathode in North China against the front-month contract traded at a discount of 200-120 yuan/mt today, averaging a discount of 160 yuan/mt, down 40 yuan/mt from the previous ...