Hot News

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  [SMM Daily Review of Nickel Sulphate] August 4, nickel salt prices rose slightly

  On August 1, the SMM battery-grade nickel sulphate index price was 27,132 yuan/mt, with the quotation range for battery-grade nickel sulphate being 27,130-27,610 yuan/mt, and the average price remaining unchanged from yesterday.

• Inventory buildup occurred over the weekend, but suppliers were not in a hurry to sell. Shanghai spot copper premiums stabilized [SMM Shanghai spot copper]

  [SMM Shanghai spot copper] Shanghai inventory increased by 8,100 mt to 84,000 mt over the weekend, with most of the increase supplemented by imported sources. However, importers were not in a hurry to ship goods during the day, and there is pressure to ship imported goods this week. The center of spot premiums for SHFE copper may decline.

• Silver prices stop falling and rebound, with spot-futures price spread widening; trading improves in the trade market [SMM Daily Review]

• [SMM Nickel Midday Review] On August 4, the spot price of nickel rose as the US's July non-farm payrolls data was weak, strengthening expectations for a rate hike

• Secondary lead: The supply of spot orders for secondary refined lead is still tight, and suppliers are offering firm quotes [SMM Lead Midday Review]