- Futures
- Base Metals
- New Energy
- Ferrous Metals
- Rare Earth
- Scrap Metals
- Minor Metals
【SMM Analysis：In October, China's imports of cobalt hydrometallurgy intermediate products decreased MoM, and the average import price also showed a downward trend.】According to customs data, in October 2024, China's imports of cobalt hydrometallurgy intermediate products were approximately 16,400 mt (metal content, calculated at 35% grade), down 24% MoM, up 47% YoY.
Data: SHFE, DCE market movement (Nov 21)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Nov 21, 2024
SMM reports that the average price of 8-12% high-grade NPI is 979.5 yuan/mtu (ex-factory, tax included), down 3 yuan/mtu from the previous working day.
In October, domestic tin ore imports reached 15,000 mt (equivalent to approximately 5,044 mt metal content), up 90.73% MoM, down 40.65% YoY, and increased by 1,185 mt metal content compared to September.
According to an SMM survey, as of November 21, the total social inventory of lead ingots in five regions tracked by SMM stood at 64,400 mt, a decrease of 19,900 mt compared to November 14, and a decrease of 20,600 mt compared to November 18.
