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  [SMM Announcement] Regarding the Addition of Africa Lithium Sulfate (CIF China) Price

• The most-traded BC copper contract fluctuated and closed higher, with macro risk aversion and supply concerns providing support [SMM BC Copper Review]

• The most-traded SHFE tin contract fluctuated and closed up 3.08%, with downstream demand significantly suppressed by prices. [SMM Tin Futures Review]

  [SMM Tin Futures Review: The Most-Traded SHFE Tin Contract Fluctuated and Closed Up 3.08%, Downstream Demand Significantly Suppressed by Prices]

• [SMM Stainless Steel Daily Review] SS Futures Hold Up Well, Stainless Steel Pre-Holiday Stockpiling Sluggish as Downstream Players Hesitate Amid High Prices

  [SMM Stainless Steel Daily Review] SS Futures Hold Up Well, Stainless Steel Pre-Holiday Stockpiling Sluggish SMM, Jan 20 - SS futures continued to hold up well. Although the market opened lower in the morning session, tracking the decline in SHFE nickel, the night session posted strong gains and the intraday losses were limited, maintaining a relatively firm tone overall, and finally closed at 14,345 yuan/mt. In the spot market, spot offers were raised in the morning, supported by the high SS futures, but downstream purchase willingness was weak, showing no pre-holiday stockpiling demand. Subsequently, as futures weakened, traders lowered their offers slightly again amid pressure to sell and collect payments before the holiday. In terms of 304 HRC, the supply was tight and prices were supported by steel mills’ list prices, performing slightly stronger than cold-rolled products. The most-traded SS futures contract held up well. At 10:30 am, the SS2603 contract was quoted at 14,336 yuan/mt, down 25 yuan/mt from the previous trading day. The spot premiums/discounts for 304/2B in Wuxi were in the range of 85-285 yuan/mt. In the spot market, the average price of cold-rolled 201/2B coil in Wuxi was 8,450 yuan/mt. The average prices of cold-rolled 304/2B coil (trimmed) were 14,350 yuan/mt in Wuxi and 14,250 yuan/mt in Foshan. The prices of cold-rolled 316L/2B coil were 26,300 yuan/mt in both Wuxi and Foshan. The price of hot-rolled 316L/NO.1 coil in Wuxi was 25,500 yuan/mt. The prices of cold-rolled 430/2B coil in both Wuxi and Foshan were 7,800 yuan/mt. Recently, news from Indonesia’s Ministry of Energy and Mineral Resources indicated that although the approved RKAB quota...

• [SMM Hot-Rolled Steel Arrivals] Arrivals in major markets declined WoW  

  SMM Steel, January 20 – According to SMM statistics, estimated total shipments to mainstream markets this week reached 253,200 mt, down 5.77% WoW from last week’s shipment level. By market: