Shanghai Metals Market

General Administration of Customs: China's Copper Ore and Concentrate Imports Rose 3.05% MoM in November Breakdown of Sub-item Data

According to data released by the Customs Statistics Online Query Platform, China's imports of copper ores and concentrates in November 2025 reached 2.53 million mt, up 3.05% MoM and 13.13% YoY.
Shanghai Metals Market

General Administration of Customs: China's Copper Cathode Imports in November Fell 5.70% MoM Breakdown of Sub-item Data

Data from the Customs Statistics Online Query Platform showed that China's copper cathode imports in Nov 2025 stood at 304,712.6 mt, down 5.70% MoM and 23.47% YoY. The DRC was the top origin, with ...
Shanghai Metals Market

[SMM Analysis] Supply and Demand Both Weak in Off-Season, Nickel Pig Iron Imports Likely to Continue Falling in December

According to customs data, China's nickel iron imports totaled 895,500 mt in physical content in November 2025, down 1.1% MoM but up 1.4% YoY.
Shanghai Metals Market

Supply Side Continues to Provide Support, SHFE Zinc Maintains Fluctuating Trend [SMM Zinc Futures Brief Review]

Continued Supply-Side Support, SHFE Zinc Maintains Fluctuating Trend]: The most-traded SHFE zinc 2602 contract opened at 23,090 yuan/mt. After opening, it fluctuated around the daily average line.
Shanghai Metals Market

Japan's Interest Rate Hike Implemented, Negative Factors Exhausted; BC Copper 2601 Fluctuated and Closed Higher [SMM BC Copper Commentary]

Today, the most-traded BC copper 2601 contract opened at 84,100 yuan/mt. It fluctuated considerably at the beginning of the session, then fluctuated upward. After the daytime session opened, it ...
Shanghai Metals Market

Nov Magnesium Exports Rebound with Market Showing Healthy Operating Dynamics [SMM Analysis]

China's Nov magnesium exports rose 30.75% MoM to 38,900 tons, led by a 61.21% surge in ingot shipments. Growth drivers include seasonal Christmas orders, stable policies, and competitive prices. The ...
Shanghai Metals Market

[Domestic Iron Ore Brief Review] Iron Ore Prices in Shandong Region May Edge Up Slightly

Iron Ore Concentrate Prices in Shandong Region Expected to Edge Up] This week, mines and beneficiation plants in Shandong quoted 64-grade alkaline powder at 882 yuan per dry metric ton, ex-mine, ...
Shanghai Metals Market

In November, China's total manganese ore imports decreased by 13.09% MoM but increased by 22.38% YoY [SMM data].

According to the latest release from the General Administration of Customs, SMM statistics show that China's total manganese ore imports in November 2025 reached 2.6942 million mt, down 13.09% MoM but ...
Shanghai Metals Market

China’s December Lead Ingot Import Pulse: Supply-Demand Fundamentals Point to...【SMM Analysis】

According to customs data, China's refined lead exports totaled 1,148 mt in November 2025, down 45.31% MoM and decreasing 45.6% YoY. From January to November, combined exports of refined lead and lead ...
Shanghai Metals Market

[ SMM Analysis ] Nickel sulphate imports from Indonesia, Finland and other countries rebounded in November, with total imports up 44% MoM

According to the latest data from China Customs, China's total nickel sulphate imports in November 2025 reached 7,000 mt in metal content, up 44% MoM and 76% YoY. Nickel sulphate exports stood at 293 ...
Shanghai Metals Market

MMi Daily Iron Ore Report (December 22)

Dalian iron ore futures moved largely sideways today. The main contract, I2605, eventually closed at 781.5, an increase of 0.58% compared to the previous working day.
Shanghai Metals Market

SiMn futures fluctuate upward, continue to monitor fundamental drivers [SMM SiMn Futures Review]

The SM2603 contract opened at 5,818 yuan/mt and finally closed at 5,840 yuan/mt, up 0.76%. The highest price for the day was 5,858 yuan/mt, and the lowest price was 5,800 yuan/mt. Trading volume was ...