Hot News

• 

  [SMM Daily Review of Nickel Sulphate] August 6: Nickel salt prices remain stable

  On August 6, the SMM battery-grade nickel sulphate index price was 27,161 yuan/mt, with the quotation range for battery-grade nickel sulphate being 27,160-27,640 yuan/mt, and the average price remaining unchanged from yesterday.

• Silver prices rise for three consecutive days; downstream rigid demand leads to buying the dip amid light trading volume [SMM Daily Review]

• The EMM market is temporarily stable, with prices lacking upward momentum [SMM EMM Daily Review]

  [SMM EMM Daily Review: EMM Market Remains Stable with Limited Upward Momentum] The average spot price of EMM in major producing regions stood at 13,500-13,600 yuan/mt, flat MoM. The average FOB price was $1,890-1,930/mt, unchanged MoM. Supply side, most EMM plants maintained long-term contract deliveries, resulting in relatively scarce spot cargo circulation. EMM producers remain optimistic about future prices, with the majority choosing to hold back from selling to secure greater profit margins. Demand side, downstream steel mills remained in the traditional off-season in August. Despite favorable macro policies, market sentiment was dominated by a wait-and-see approach, with raw material procurement remaining cautious. High-price transactions faced difficulties in breaking through, leaving the EMM market lacking upward momentum and trapped in a stalemate of "neither high nor low.

• Yunnan Copper Tech's Tender for ~21.6 Metric Tons of 3N Selenium Powder Concluded Successfully 【SMM Selenium】

  SMM News, August 6: According to official information from Yunnan Copper Technology Development Co., Ltd., the public tender for approximately 21.6 metric tons of 3N selenium powder concluded successfully yesterday.

• Yuntong Technology successfully concluded the tender for approximately 21.6 mt (metal content) of 3N selenium powder [SMM selenium]