According to an SMM survey, as of November 29, the operating rate of steel mills using externally purchased billets, which mainly produce construction steel, was 26.21%, down 4.79 percentage points ...

In November, high-carbon ferrochrome prices continued to decline, and for the first time in two years, the procurement prices of major stainless steel mills diverged.

Overnight, the most-traded SHFE 2403 aluminium contract opened at 18,745 yuan/mt, with high and low at 18,760 yuan/t and 18,665 yuan/mt before closing at 18,700 yuan/mt, down 65 yuan/mt or 0.35%.

Last week, rare earth market prices fluctuated rangebound. Pr-Nd oxide rose to 412,000-415,000 yuan/mt, an increase of 0.85%; dysprosium oxide fell to 1.66-1.67 million yuan/mt, a decrease of 1.77%; ...

Overnight, LME zinc prices opened at US$2,581/ton and reached a low of US$2,567/ton during the period. During the European trading session, LME zinc prices moved up and hit a high of US$2,605.5/ton, ...

The PMI composite index for domestic steel downstream sectors in November 2024 was 49.94, down 0.42 MoM, and up 0.93 YoY.

In November, an SMM survey of domestic remelting billet enterprises (remelting billets: produced using only aluminum scrap or ingots, without liquid aluminum; aluminum scrap content between 90-100%) ...

Last week, the operating rate of leading domestic aluminum wire enterprises recorded 71.6%, with no significant changes in overall operations.

Futures Market: On December 2, SHFE nickel prices fluctuated downward in the morning and then slightly rebounded. The midday closing price fell by 1,480 yuan/mt to 125,690 yuan/mt, a decrease of 1.16% ...

Overnight, the most-traded SHFE lead 2501 contract opened at 17,635 yuan/mt. Bulls entered the market at the beginning of the session, pushing SHFE lead to a strong upward surge, reaching a ...

Last week, although aluminum prices remained weak, the most-traded SHFE aluminum contract consistently stabilized above the 20,000 mt mark, providing confidence for market buyers to restock at lower ...

Overnight, the most-traded SHFE 2403 aluminium contract opened at 18,745 yuan/mt, with high and low at 18,760 yuan/t and 18,665 yuan/mt before closing at 18,700 yuan/mt, down 65 yuan/mt or 0.35%.