Hot News

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  Suppliers' active liquidation of warrants caused premiums to continue to decline, with overall trading slightly better than yesterday [SMM spot copper in South China]

• Jilang Indium Industry in Nandan County tenders for 1 mt of crude indium on the 19th [SMM Indium Report]

• Aluminum billet consumption is weak, and an inflection point in inventory has initially formed. During the week, the "negative processing fee" trend for aluminum billets reappeared [SMM Aluminum Billet Weekly Review]

  Regarding aluminum billet inventory, according to SMM statistics, as of June 19, the aluminum billet inventory at major domestic consumption hubs stood at 134,500 mt, an increase of 3,000 mt from Monday and 7,000 mt WoW from Thursday. Although inventory levels remained at a low point compared to the same period in the past three years, they have further narrowed the gap with inventory levels in previous years. Meanwhile, since mid-to-late May, aluminum billet inventory has stagnated at the 130,000 mt level, with destocking momentum significantly weakened. This week, inventory has risen above the 130,000 mt mark, showing signs of bottoming out and stabilizing, indicating that the inflection point for aluminum billet inventory has initially formed.

• [SMM MHP Daily Review] June 19: Indonesian MHP Prices Slightly Decline

  As of now, the MHP coefficient (relative to the SMM battery-grade nickel sulphate index) ranges from 83.5% to 84%, and the FOB price of Indonesian MHP is $12,494/mt Ni.

• The ternary cathode material market is sluggish [SMM Weekly Review of Ternary Cathode Material Market]

  This week, the prices of ternary cathode material continued to decline.