Today, aluminum prices on the London Metal Exchange (LME) declined from recent highs. As of 15:01 Beijing time, the three-month LME aluminum price was quoted at $2,336 per ton, down $14 per ton or 0.57% from the previous trading day’s settlement price. In the Shanghai Futures Exchange (SHFE), the main contract for aluminum (September 2024) […]
On Wednesday evening, most of the main base metals futures contracts on the Shanghai Futures Exchange fell. Shanghai copper dropped by 0.52% to 78,180 yuan/ton, Shanghai aluminum fell by 0.35% to 19,720 yuan/ton, Shanghai zinc decreased by 1.60% to 23,630 yuan/ton, Shanghai lead rose by 0.28% to 19,860 yuan/ton, Shanghai nickel dropped by 1.80% to
Powell’s dovish stance has once again raised expectations for rate cuts. LME zinc fluctuated overnight, rising slightly by 0.10%. Zinc ingot production in July saw a significant decrease, leading holders to firm prices and narrowing the discount. Traders were actively purchasing, pushing up the bottom price of zinc. It is expected that the spot zinc
Powell Dovish Again, Rate Cut Expectations Rise Read More »
Amid the tug-of-war between the US rate cut expectations and demand concerns, LME aluminum dropped 0.88% overnight; Shanghai aluminum’s supply and demand fundamentals are weakening, with spot consumption cautious and lacking in orders. Aluminum ingot social inventories continue to accumulate, suggesting a potential drop in aluminum prices today. The tug-of-war between US rate cut expectations
According to Kailan International Steel Information on June 18, due to the strikes in some steel mills in recent weeks, European steel manufacturers have accumulated a large number of unplaced orders. On the basis of weak downstream demand, supply has become even weaker, leading to an increase in the transaction price of Italian plates. The
Italian flat steel prices rise on supply shortage Read More »
Viewpoint: The macroeconomic guidance is neutral. The sentiment in the non-ferrous metals sector has significantly eased, showing a weak rebound. On the supply side, TC (Treatment Charges) remains sluggish, and the strong reality of tight marginal supply of copper concentrates continues. The previous high copper prices attracted extensive illegal mining in Peru, and whether production
Sustained Rebound, Consolidation Read More »
On Wednesday night, most major contracts of basic metal futures on the Shanghai Futures Exchange rose. Shanghai copper increased by 1.25% to 79,610 yuan/ton, Shanghai aluminum rose by 0.34% to 20,535 yuan/ton, Shanghai zinc gained 0.70% to 23,765 yuan/ton, Shanghai nickel grew by 1.07% to 135,070 yuan/ton, Shanghai tin climbed 1.29% to 270,240 yuan/ton, stainless
Viewpoint: Macro guidance is temporarily paused, with mixed trends in non-ferrous metals. Funds are holding cash and waiting. Industrial output and electricity investment in May both maintained growth, but the impact on the market is limited, with doubts about the sustainability of this growth among funds. Mid-term macro weakness sentiment persists. On the supply side,
Weak Rebound, Temporary Stabilization Read More »
The International Energy Agency’s recently released “Global Critical Mineral Outlook 2024” report predicts that by 2030, the global rare earth element refining capacity will still be highly concentrated in certain countries or regions around the world, with China alone accounting for 77% of the global rare earth element refining capacity. The International Energy Agency said
China continues to dominate rare earth element extraction for another decade Read More »
On the busy production line of a certain steel plant, another revolutionary technology developed by Leimu is quietly changing the traditional continuous casting production method of this steel plant, helping the steel plant achieve an automatic blanking rate of more than 99% without manual intervention. , which has brought significant benefits to steel plants in
