Hot News

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  Persistent Inventory Declines and Active Supplier Efforts to Hold Prices Firm Drive Spot Premiums Higher [SMM Southern China Spot Copper Cathode Weekly Review]

• Stainless Steel Transactions Recover, Yet Inventory Remains Unchanged, Market Concerns Persist Amid Off-Season [SMM Analysis]

• Prices of Secondary Aluminum Alloy Stop Falling and Stabilize, Supported by Both Costs and Demand[Weekly Review of Aluminum Scrap and Secondary Aluminum]

  [SMM Analysis]Prices of Secondary Aluminum Alloy Stop Falling and Stabilize, Supported by Both Costs and Demand

• The US Fed's internal "dovish voices" reemerge, fundamental factors support SHFE aluminum in stabilizing and rebounding from a decline [SMM Aluminum Weekly Price Review]

  [SMM Aluminum Price Weekly Review: Dovish Sentiment Resurfaces Within US Fed, Fundamental Support Helps SHFE Aluminum Stabilize After Decline]

• [SMM Analysis] Analysis of Steel Price Trends in December

  Conclusion: The supply-demand imbalance has accumulated to a relatively limited extent, with relatively small room for further deterioration MoM from November. In the short term, focus on the most-traded hot-rolled coil futures contract at 3,230–3,330. In December, coupled with rising macro expectations, steel prices may have room to rise before the meeting, but the upside is likely to be limited, mainly due to persistent destocking pressure for sheets & plates and relatively weak sales performance in the market, which may also constrain a smooth price increase.