Shanghai Metals Market

Volkswagen debuts two new PHEV models in China as it ramps up NEV rollout

Volkswagen used the Auto Guangzhou 2025 to stage the global debut of two new PHEV models developed specifically for the Chinese market: the SAIC Volkswagen Passat ePro and FAW-Volkswagen's updated ...
Shanghai Metals Market

GWM's WEY announces brand renewal at Auto Guangzhou 2025

Great Wall Motor (GWM)'s WEY brand used its presence at the Auto Guangzhou 2025 on November 21 to unveil an ambitious brand renewal plan.
Shanghai Metals Market

Toyota's Solid-State Battery Layout: Mass Production in 2027 to Achieve a 1,000-km Driving Range Revolution

Toyota has been deeply engaged in sulphide solid-state batteries, achieving an energy density of 450-500 Wh/kg, with fast ...
Shanghai Metals Market

General Administration of Customs: Slow Recovery in Supply from Myanmar Keeps China's Tin Ore Imports at Low Levels

According to China Customs data, China's tin ore and concentrates imports in October 2025 totaled 11,632.3 mt, up 33.51% MoM but down 22.36% YoY. Imports from the DRC that month were 2,700.36 mt, ...
Shanghai Metals Market

Why did galvanized sheet exports reach a new high for the year in October? [SMM Analysis]

SMM Analysis：According to the latest customs data, in terms of galvanized sheets, the export volume in October 2025 was 1.2994 million mt, up 5.97% MoM and 11.68% YoY. From January-October 2025, the ...
Shanghai Metals Market

General Administration of Customs: China's Copper Ore Imports Slightly Decreased in October, While Shipments from Major Supply Countries Increased.

According to data from the General Administration of Customs online query platform, China's imports of copper ore and its concentrates in October 2025 were 2.45 million mt, down 5.24% MoM but up 6.08% ...
Shanghai Metals Market

SS Futures Hit New Lows, Stainless Steel Cost Support Weakens, Spot Cargo Continues Weakness [SMM Stainless Steel Daily Report]

SS Futures Hit New Lows, Cost Support Weakens, Spot Market Remains Weak] SMM November 21 - SS futures showed a trend of rising first and then falling. Today, although the release of US non-farm ...
Shanghai Metals Market

BC Copper 2512 contract closed down 0.77%, US Fed interest rate cut complexity weighs on copper prices [SMM BC Copper Review]

SHFE copper contract 2512 settled at 85,650 yuan/mt. Based on the BC copper 2512 contract price of 76,320 yuan/mt, its post-tax price is 86,242 yuan/mt, resulting in a price spread of -592 yuan/mt ...
Shanghai Metals Market

Procurement Prices for Raw Materials at Stainless Steel Mills Pull Back, Spot Prices Follow Suit with Continued Inverted Pricing at Stainless Steel Mills [SMM Analysis]

On the nickel-based raw material cost side, high-grade NPI prices further declined this week. A major mainstream stainless steel mill issued a new round of procurement tender prices during the week, ...
Shanghai Metals Market

Sixty-Day Moving Average Fails to Hold Support, SHFE Lead Declines Again [Lead Futures Brief Commentary]

The most-traded SHFE lead 2601 contract opened at 17,200 yuan/mt, moved sideways in early trading, then fell directly to 17,160 yuan/mt as bulls reduced positions. After a slight rebound before noon, ...
Shanghai Metals Market

[SMM Analysis] Nickel prices showed a unilateral decline this week, while weekly inventory experienced a slight decrease.

Nickel prices showed a unilateral decline this week, with the most-traded SHFE nickel contract successively breaking through key support levels and LME nickel prices also weakening. The core driver of ...
Shanghai Metals Market

Interest Rate Cut Expectations Intensify, Zinc Prices on SHFE and LME Fluctuate Considerably [SMM Market Review - Weekly Price Commentary]

Interest Rate Cut Expectations Game Intensifies, SHFE and LME Zinc Prices Fluctuate Considerably] At the beginning of the week, LME zinc continued its fluctuating trend from the previous week; however ...