Hot News

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  Copper Prices Stabilize at Low Levels, Delivery Warrants Yet to Be Released, Shanghai Spot Copper Premiums Rise [SMM Shanghai Spot Copper]

  [SMM SHFE Copper Spot] Tomorrow, suppliers were more active in selling spot copper today due to expectations of warrant outflows, which may put pressure on the premium tomorrow.

• Data: SHFE, DCE market movement (Nov 19)

  The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 19 Nov , 2025

• [SMM Hydrogen Policy Update] Liaoning Provincial Development and Reform Commission and Department of Industry and Information Technology: Issued the "Notice on Printing and Distributing the Cultivation and Construction Plan for Zero-Carbon Parks in Liaonin

• In November, Wafer Enterprises Took the Lead in Production Cuts and Held Prices Firm [SMM In-Depth Analysis]

  【In November, Wafer Enterprises Took the Lead in Production Cuts and Held Prices Firm】According to SMM statistics, the two enterprises reduced production by a total of 1.95 GW in November, while other enterprises collectively cut production by only about 1 GW. Silicon wafer production in November is expected to be in the range of 57–58 GW, with little change from the production schedule anticipated at the beginning of the month. It has become a near-certainty that demand conditions deteriorated in the fourth quarter of this year, prompting the two leading enterprises to initiate production cuts to stabilize the supply landscape.

• Trading sentiment recovers, spot discounts in east China narrow slightly [SMM Spot Aluminum Midday Review]