Hot News

• 

  Overview of National Building Materials Inventory on June 19

  As of June 19, the total rebar inventory this week was 5.1853 million mt, a decrease of 75,100 mt WoW, down 1.43% WoW and 29.21% YoY on the lunar calendar. The total wire rod inventory this week was 1.0607 million mt, a decrease of 38,700 mt WoW, down 3.52% WoW and 43.66% YoY on the lunar calendar.

• Bulls in the silver market are restless as the gold-silver ratio recovers. Can silver prices reach new highs after a high-level correction?

  This week, silver prices surged sharply after a pullback, contrasting with gold's fluctuating performance. Domestic and overseas silver prices strengthened in tandem, attracting significant bullish capital inflows. On Wednesday, SGE Ag (T+D) prices hit a new high of 9,040 yuan/mt, while silver prices on the London Bullion Market Association (LBMA) broke through the key target of $37/oz.

• The spot market saw low activity during the week, with spot premiums/discounts facing further downward pressure [SMM Weekly Review of Copper Cathode Spot in North China]

• Increased supply coupled with decreased demand leads to a continuous rise in zinc ingot inventory across seven locations [SMM Weekly Review of Spot Zinc Ingot Inventory]

  [Increasing Supply Coupled with Decreasing Demand Leads to Continuous Rise in Zinc Ingot Inventory Across Seven Regions] According to communication with SMM, as of Monday (June 19), the total zinc ingot inventory across seven regions tracked by SMM reached 79,600 mt, up 2,500 mt from June 12 and up 1,500 mt from June 16, with domestic inventory recording an increase...

• The low price of silicon metal has weakened the cost support for DMC, and there is a strong sentiment for competitive bidding and shipping in the market [SMM Silicone Weekly Review]

  [SMM Silicone Weekly Review: Low Silicon Metal Prices Weaken DMC Cost Support, Strong Sentiment for Competitive Pricing and Shipments] This week, domestic DMC prices were quoted at 10,200-10,800 yuan/mt, with the average price dropping significantly WoW. In Shandong, monomer enterprises quoted DMC prices at 10,200 yuan/mt this week, a decrease of 800 yuan/mt WoW. Other domestic monomer enterprises quoted DMC prices at 10,400-10,800 yuan/mt this week. Due to the rapid weakening of cost support in the early stage combined with sluggish demand during the off-season, DMC enterprises began to lower prices and ship products this week, repeatedly reducing prices to near the cost line. Recently, some downstream enterprises have started to enter the market for procurement, and trading volume has recovered somewhat compared to the early stage. It is expected that DMC prices will continue to fluctuate at lows supported by costs in the subsequent period.