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  BC Copper's Most-Traded Contract Closed Up 0.31% with Open Interest Declining; US Fed Rate Decision Approaches as Market Maintains Wait-and-See Stance [SMM BC Copper Review]

• Hesai secures over $40 million worth of order from leading US Robotaxi company

  On September 15, 2025, Hesai Technology, a global leader in LiDAR sensor solutions, announced that it had expanded its partnership with a top-tier U.S. Robotaxi operator by securing a contract valued ...

• Futures fluctuate upward, SiMn prices remain stable [SMM Silicon Manganese Futures Review]

  September 15 (SMM) - The SM2601 contract opened at 5,830 yuan/mt and closed at 5,906 yuan/mt, up 1.20%. The highest price was 5,922 yuan/mt and the lowest was 5,826 yuan/mt during the daytime session. The trading volume was 184,056 lots and the open interest was 327,726 lots. Driven by the ferrous market, the futures fluctuated upward today. Cost side, manganese ore prices edged up recently. Supply side, the wait-and-see sentiment remained strong in the SiMn market, with most producers holding back from selling. The spot prices held stable. Demand side, HBIS Group’s first round of SiMn inquiry for September was 5,800 yuan/mt, down significantly from the August pricing of 6,200 yuan/mt. Market participants will keep a close eye on HBIS’s final pricing for market direction.

• SS Futures Break Through the 13,000 yuan/mt Mark, Steel Mills Raise List Prices, Spot Cargo Follows with a Rise [SMM Stainless Steel Daily Report]

  [SMM Stainless Steel Daily Review: SS Futures Break Through 13,000 yuan/mt Threshold, Steel Mills Raise List Prices and Spot Market Follows Suit with Increases] SMM, September 15 – SS futures continued to show a strong upward trend. Although the night session last Friday remained stable without significant fluctuations, during Monday's day session opening, driven by domestic major stainless steel mills raising list prices, SS futures surged strongly, briefly breaking through the 13,100 yuan/mt mark. On the spot market side, as SS futures climbed and steel mills increased list prices, stainless steel spot market offers followed suit with rises. Market sentiment gradually recovered, and inquiry volume increased. Although transactions for high-priced materials were slightly weak, after negotiations and concessions, the day's trading volume was moderate. In futures, the most-traded contract 2511 rose strongly. At 10:30 a.m., SS2510 was quoted at 13,020 yuan/mt, up 60 yuan/mt from the previous trading day. In Wuxi, spot premiums/discounts for 304/2B were in the range of 250-550 yuan/mt. In the spot market, Wuxi cold-rolled 201/2B coil averaged 8,100 yuan/mt; cold-rolled mill edge 304/2B coil averaged 13,250 yuan/mt in Wuxi and 13,250 yuan/mt in Foshan; cold-rolled 316L/2B coil was 25,800 yuan/mt in Wuxi and 25,800 yuan/mt in Foshan; hot-rolled 316L/NO.1 coil was quoted at 25,200 yuan/mt in both locations; cold-rolled 430/2B coil was 7,600 yuan/mt in both Wuxi and Foshan. Although the market has entered the traditional peak consumption season of "September-October peak season," and the Fe...

• MMi Daily Iron Ore Report (September 15)

  Today, the iron ore futures on the Dalian Commodity Exchange were in the doldrums, with the most-traded I2601 contract closing at 796, down slightly by 0.31% from the previous trading day. Traders showed moderate enthusiasm for selling; most steel mills were cautious and observing, while some mills made purchases at lower prices.