News

Shanghai Metals Market16h
Major Turnaround for US Wind and Solar Power Industries
On the afternoon of July 4, US President Trump signed the "Big and Beautiful" tax and spending bill, marking the official ...
Shanghai Metals Market13h
Tariff news affects sentiment, causing it to weaken; iron ore prices are in the doldrums [SMM Commentary]
However, market sentiment has been disrupted by the impending end of the tariff exemption period, causing futures prices to come under slight pressure and decline. Currently, the iron ore market is ...
Shanghai Metals Market13h
Tug-of-war between longs and shorts in the market, with stainless steel spot prices remaining stagnant [SMM Stainless Steel Daily Review]
Tug-of-War Between Longs and Shorts in the Market, Stainless Steel Spot Prices Remain Stagnant] SMM reported on July 7 that the SS futures market showed a downward and pullback trend today, with the ...
Shanghai Metals Market11h
Tin prices fall back from highs, with bears in the most-traded contract concentrating on reducing positions [Open Interest Insights]
Similar to Jinrui Futures, Zhongtai Futures established short exposure when futures prices encountered resistance during the upward trend and reduced some positions as tin prices pulled back. Today, ...
Shanghai Metals Market11h
Domestic inventory continues to increase, with the center of SHFE zinc prices moving lower [SMM Zinc Futures Brief Comment]
Domestic inventory continues to increase, SHFE zinc center shifts downward]: The most-traded SHFE zinc 2508 contract opened at 22,250 yuan/mt. In the early trading session, bulls increased their ...
Shanghai Metals Market15h
CATL, Geely deepen strategic partnership to accelerate full electrification
Shanghai (Gasgoo)- CATL and Geely Automobile recently signed a comprehensive strategic cooperation agreement aimed at deepening their partnership in electrification, according to a press release CATL ...
Shanghai Metals Market12h
Prices across the titanium industry chain have fallen, and the market is expected to remain in the doldrums [SMM Titanium Spot Cargo Report]
Titanium dioxide market: The quoted price for anatase titanium dioxide is 11,500-12,000 yuan/mt, with an average price of 11,750 yuan/mt, down 350 yuan. As mainstream producers implement price ...
Shanghai Metals Market17h
Tender for the procurement of port spot cargoes of Mongolian 5# coking coal in Bayuquan for the second phase in July
The procurement of port spot cargoes of Mongolian 5# coking coal (Phase II) in Bayuquan in July has met the procurement conditions. Suppliers are now publicly invited to participate in the negotiation ...
Shanghai Metals Market17h
Tender for port spot cargoes procurement of CarbonOne TYPE A lean coking coal at Bayuquan in July
The procurement of port spot cargoes of CarbonOne TYPE A lean coking coal in Bayuquan in July has met the procurement conditions, and suppliers are now publicly invited to participate in the ...
Shanghai Metals Market14h
China's foreign exchange reserves rose 1.27% MoM in June. The central bank's gold reserves increased for the eighth consecutive month.
According to central bank data, China's gold reserves at month-end June were reported at 73.9 million ounces (approximately 2,298.55 mt), up 70,000 ounces (approximately 2.18 mt) MoM, marking the ...
Shanghai Metals Market17h
China Petroleum Engineering & Construction Corporation: Subsidiary wins bid for TotalEnergies' 2.122 billion yuan Iraq project
China Petroleum Engineering & Construction Corporation announced that its wholly-owned subsidiary, Pipeline Bureau Engineering Corporation, signed an EPSCC contract with TotalEnergies for the ...
Shanghai Metals Market16h
Guangdong Construction Engineering Group: Won the Bid for the Lanjun ESS Power Station Project in Shenzhen-Shanwei Special Cooperation Zone
Guangdong Construction Engineering Group Corporation Limited announced that on July 4, 2025, Guangdong Yuantian, a wholly-owned subsidiary of the company, received the "Letter of Acceptance" from ...