Antofagasta trims forecast as copper output inches up
Chilean miner Antofagasta (LON: ANTO) reported a modest 1% rise in third-quarter copper output on Thursday and warned that full-year production will likely land at the lower end of its guidance range of 660,000 to 700,000 tonnes.
Data: SHFE, DCE market movement (Oct 27)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 27 Oct , 2025
October 24 news: The SM2601 contract opened at 5,798 yuan/mt and closed at 5,802 yuan/mt, up 0.24%, with a daily highest price of 5,820 yuan/mt and a lowest price of 5,774 yuan/mt. Trading volume was 130,341 lots, and open interest was 345,980 lots. The SiMn futures market lacked clear positive news, and futures fluctuated. Cost side, the coke and manganese ore markets remained relatively stable recently. Supply side, the SiMn market held a wait-and-see sentiment, watching the futures market trend. Alloy plants saw relatively small production fluctuations, and spot prices were stable. Demand side, most steel mill tenders were priced around 5,800–5,850 yuan/mt, with limited enthusiasm for steel tender pricing. Overall, there were no significant macro-driven positive signals, and the SiMn market maintained a volatile pattern recently.
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