SMM Nickel Market Morning Comment (Mar 19)
Overnight, the most-traded SHFE nickel contract opened at 142,030 yuan/mt, and closed at 139,950 yuan/mt, down 1,920 yuan/mt.
SMM Tin Market Morning Comment (Mar 19)
SHFE 2404 tin contract went up, closing at 232,120 yuan/mt, up 1.85%.
SMM Aluminum Market Morning Comment (Mar 19)
Overnight, the most-traded SHFE 2404 aluminum contract opened at 19,285 yuan/mt, with its lowest and highest at 19,245 yuan/mt and 19,425 yuan/mt before closing at 19,345 yuan/mt, up 70 yuan/mt or 0.36%.
A sudden shutdown of a cobalt enterprise has led to an increase in cobalt prices.
A cobalt enterprise stopped production due to force majeure, impacting the supply of cobalt in the market by about 500 tons per month. This has led to a small shortage in the short term, affecting the prices of electrolytic cobalt. The shutdown is expected to last until the end of April, and the market will continue to be monitored.
The losses of nickel salt plants deepened last week
There's a shortage of MHP supply, with limited circulation.