Hot News

• 

  Silver Prices Rebound, Suppliers Hold Back Goods and Adopt a Wait-and-See Approach, Spot Market Supply Tight with Quoted Prices but No Actual Trading [SMM Daily Review]

• [SMM Nickel Midday Review] Nickel Prices Rebound on February 4, Central Bank Conducts 800 Billion Yuan in Buyout-Style Reverse Repo Operations

• [SMM Nickel Intermediate Product Daily Review] February 4 MHP and High-Grade Nickel Matte Prices Decline

  As of now, the FOB price of Indonesian MHP nickel is $15,544 per mt Ni, and the FOB price of Indonesian MHP cobalt is $49,254 per mt Co. The MHP payables (against the SMM battery-grade nickel sulphate index) were 84.5–85.5, and the MHP cobalt element payable indicator (against SMM refined cobalt (Rotterdam warehouse)) was 90.5. The FOB price of Indonesian high-grade nickel matte was $16,056 per mt Ni.

• Traders actively replenished inventory, stimulating a rise in premiums. Trading activity today was better than yesterday. [SMM South China Spot Copper]

• Copper Prices Rebound Amid Dual Decline in Supply and Demand, Market Activity Cools Down [SMM North China Spot Copper]

  Spot prices of #1 copper cathode against the front-month contract in North China today were at a discount of 420–300 yuan/mt, with an average discount of 360 yuan/mt, up 10 yuan/mt from the previous trading day. Transaction prices ranged from 103,530 to 104,760 yuan/mt, with an average of 104,145 yuan/mt, up 3,075 yuan/mt from the previous trading day.