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  Silver Price Slightly Fluctuated on November 21 [SMM Daily Review]

  Today, silver prices slightly fluctuated.

• October Copper Anode Imports Decreased MoM, Cumulative Imports Showed Significant YoY Decline [SMM Analysis]

  According to data from the General Administration of Customs, China imported 60,400 mt of copper anode in October 2024, down 19.07% MoM and 27.44% YoY.

• 【SMM Analysis：In October, China's imports of cobalt hydrometallurgy intermediate products decreased MoM, and the average import price also showed a downward trend.】

  【SMM Analysis：In October, China's imports of cobalt hydrometallurgy intermediate products decreased MoM, and the average import price also showed a downward trend.】According to customs data, in October 2024, China's imports of cobalt hydrometallurgy intermediate products were approximately 16,400 mt (metal content, calculated at 35% grade), down 24% MoM, up 47% YoY.

• Data: SHFE, DCE market movement (Nov 21)

  The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Nov 21, 2024

• Stainless Steel Market Transactions Lower-than-Expected, High-Grade NPI Under Pressure [NPI Daily Review]

  SMM reports that the average price of 8-12% high-grade NPI is 979.5 yuan/mtu (ex-factory, tax included), down 3 yuan/mtu from the previous working day.