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  [SMM Chromium Daily Review] Prices Saw Slight Correction, Market Trading Remained Sluggish

  [SMM Chrome Daily Review: Offers Saw Slight Correction, Market Transactions Remained Sluggish] April 13, 2026: The ferrochrome and chrome ore market saw limited fluctuations...

• Expert Perspectives: Industry Opportunities and Challenges Interpreted at CLNB 2026 Solid-State Battery Conference

  The CLNB 2026 Solid-State Battery Conference was held in Suzhou in April, where experts reached a consensus that 2026-2030 will be a critical period for industrialisation. The conference focused on breakthroughs in technology pathways such as oxide and sulphide, elaborating on progress in mass production of lithium sulphide, innovations in high-specific-energy cathodes, and upgrades in equipment and processes.

• Butterfly Effect of Local Disputes: Current State of the Zinc Oxide Industry under Dual Pressures

  According to SMM data, China’s average operating rate of zinc oxide stood at 38.88% in Q1 2026, down 3.98 percentage points year-on-year.What are the reasons behind this?

• Price Spread Between Futures Contracts Maintained Delivery Logic Dominance, Shanghai Spot Copper Premiums Stabilized at Highs [SMM Shanghai Spot Copper]

  [SMM Shanghai Spot Copper] Looking ahead to tomorrow, the Shanghai spot copper market is expected to continue its relatively strong trend. In terms of market performance, although some suppliers engaged in offloading behavior during the day by selling part of their cargoes at low prices, this did not suppress spot premiums, with overall quotes remaining firm, reflecting strong support below current premium levels. From the delivery logic perspective, as the delivery date draws closer, the inter-month Contango price spread between futures contracts still maintains a certain width, and suppliers have a strong willingness to hold open interest for delivery, providing support for spot premiums. In addition, some suppliers may begin to make tentative quotes against the next-month contract tomorrow, with market focus gradually shifting toward pricing after the contract rollover. Overall, spot copper prices against the SHFE copper 2604 contract are expected to maintain a premium tomorrow.

• Copper Inventories in China's Major Regions Continued Destocking for the Fifth Consecutive Week Over the Weekend [SMM Weekly Data]