Shanghai Metals Market

SHFE Cast Aluminum Alloy Warrants Down 510 mt to 22,727 mt on July 8

SMM Flash] SHFE data showed that on July 8, total registered cast aluminum alloy warrants stood at 22,727 mt, down 510 mt from the previous trading d ...
Shanghai Metals Market

[EU Opens Expiry Review on Turkish HR Flat Steel]

The European Commission has launched an expiry review of anti-dumping duties on certain hot-rolled flat steel products from Turkey, following EUROFER’ ...
Shanghai Metals Market

MMi Daily Iron Ore Report (July 8)

Today, DCE iron ore futures trended weakly, with contract I2609 closing at 746 yuan/mt, up 0.88% from the previous trading day. Port spot prices rose by about 5-7 yuan/mt from the previous day. Trader ...
Shanghai Metals Market

[China Iron Ore Brief] Iron ore concentrate prices in the Tangshan area will likely keep consolidating.

Iron ore concentrates prices in Tangshan area are relatively stable, with the delivered price for 66% grade concentrates on a dry basis, tax included, at 970-980 yuan/mt. Overall production in ...
Shanghai Metals Market

[SMM HRC Daily Trading Volume] Spot transactions improve somewhat.

SMM HRC Daily Trading Volume] On July 8, the combined daily trading volume of HRC from sampled enterprises in SMM's four cities (Shanghai, Lecong, Ti ...
Shanghai Metals Market

Weichai Power Heavy-Duty Hydrogen Internal Combustion Engine Passes Emission Certification, Further Advancing Zero-Carbon Power Commercial Application

Weichai Power’s WP15 direct-injection heavy-duty hydrogen internal combustion engine recently passed the authoritative environmental emission certification test, becoming the first product of its kind ...
Shanghai Metals Market

Demand Remains Sluggish, Iron Fundamentals Continue to Be Bearish [SMM Imported Ore Daily Review]

The DCE iron ore futures moved weakly today, with contract I2609 closing at 746 yuan/mt, up 0.88% from the previous trading day. Port spot prices rose about 5-7 yuan/mt from the previous trading day.
Shanghai Metals Market

Weishi Energy delivered 30 units of hydrogen sanitation vehicles to Baoding, boosting the large-scale application of hydrogen vehicles in the region.

Recently, 30 hydrogen fuel cell sanitation vehicles, powered by hydrogen power systems provided by Weishi Energy, were delivered to Baoding Gaoxin Environmental Technology Co., Ltd. These vehicles ...
Shanghai Metals Market

Gold price slump: Why central banks are now buying gold on a massive scale

Counter-cyclical buying is helping to stabilise prices. The recent price dip in the gold market has triggered targeted purchases by central banks. During a period of ...
Shanghai Metals Market

Is the sell-off over? Gold and silver may be on the verge of their next breakout

Has the worst of the selling pressure on gold and silver finally passed? Although the gold price has not yet managed to break through the first resistance level above $4,200, Ole Hansen, commodities ...
Shanghai Metals Market

[SMM Computing Power Express] Two buyers each seek 128 H100 units; suppliers question authenticity

SMM has learned that two large orders for leasing 128 H100 eight-GPU servers have appeared in the market recently. A buyer in Hangzhou, besides H100, ...
Shanghai Metals Market

The Pingdingshan salt cavern hydrogen storage project was put into operation, and Sinopec Oilfield Equipment's domestically produced compressor completed verification for the ...

The 1.5 million standard cubic meter hydrogen storage facility located in a salt layer 1,418 meters underground in Pingdingshan, Henan, was officially put into operation in H1. This project is Asia’s ...