Hot News

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  General Administration of Customs: In the first four months, copper semis imports fell by 3.9%, rare earth exports rose by 5.1%, and aluminum semis exports fell by 5.7%

• SMM Shanghai and Other #1 Lead Markets: Suppliers Expand Discounts for Shipments, Regional Spot Cargo Transactions Improve [SMM Midday Review]

  [SMM Shanghai and Other #1 Lead Markets: Suppliers Expand Discount for Shipments, Regional Spot Cargo Transactions Improve] SMM May 9 Report: Honglu lead in the Shanghai market was priced at 16,750-16,780 yuan/mt, with a premium of 0-20 yuan/mt against the SHFE lead 2506 contract. In Jiangsu and Zhejiang regions, JCC and Jinde lead were quoted at 16,730-16,780 yuan/mt, with discounts of 20-0 yuan/mt against the SHFE lead 2505 or 2506 contracts. SHFE lead maintained a consolidation trend, with suppliers shipping cargoes at market prices, and some discounts were expanded again...

• [SMM MHP Daily Review] May 9: MHP Prices in Indonesia Decline Slightly

  Recently, it has been affected by the slight decline in LME nickel prices. As of now, the MHP coefficient (relative to the SMM battery-grade nickel sulphate index) stands at 84%-85%, and the FOB price of Indonesian MHP is $12,725 per mt (Ni contained).

• The backwardation structure in both markets expanded significantly, with the expectation of tight supply in May coming true [[SMM Yangshan Copper Weekly Review]]

• Module Enterprises Exert Strong Pressure: Price Negotiation for New Glass Orders Falls Short of Quotation Expectations [SMM Analysis]

  [SMM Analysis: Module Enterprises Exert Strong Pressure, New Glass Order Negotiations Fall Short of Quotation Expectations] The current glass quotation prices for May are as follows: 2.0mm single-layer coating quotation (13-14 yuan/m²); 2.0mm double-layer coating quotation (14-15 yuan/m²); 3.2mm single-layer coating quotation (21.5-22 yuan/m²); 3.2mm double-layer coating quotation (22.5-23 yuan/m²); 2.0mm back glass quotation (12-13 yuan/m²). As of now, there have been no major orders closed in the May market, with most upstream and downstream enterprises still in negotiations. Due to the decline in module prices and demand, module enterprises have a strong desire to drive down prices this month. This week, the mainstream quotation for 2.0mm single-layer coated glass in the market was lowered to 13.5 yuan/m² by glass enterprises, with the lowest market quotation dropping to 13 yuan/m².