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  Analysis of Copper Scrap Imports in May

  According to the latest data from the General Administration of Customs, China's imports of copper scrap and shredded copper scrap showed significant changes in May 2025. The monthly import volume reached 185,200 mt, down 9.55% MoM and 6.63% YoY. From the cumulative data from January to May, the import volume was 962,200 mt, with a cumulative YoY decrease of 1.98% (HS code 74040000).

• Copper Scrap Import Pattern Changed in May, with Thailand Taking the Top Spot [SMM Analysis]

• [SMM MHP Daily Review] June 23: MHP prices in Indonesia slightly decline

  As of now, the MHP coefficient (relative to the SMM battery-grade nickel sulphate index) ranges from 83.5% to 84%, and the FOB price of Indonesian MHP is $12,425/mt Ni.

• [SMM Daily Review of Nickel Sulphate] June 23 Nickel salt prices remained stable

  On June 23, the SMM battery-grade nickel sulphate index price was 27,195 yuan/mt, with a quotation range for battery-grade nickel sulphate of 27,200-27,600 yuan/mt. The average price remained stable WoW.

• Tender for Single-Round Negotiated Procurement of Steel for the Nitrogen Pipeline Installation Project of Dongfeng Lake Company under the Pipeline Project Department of Bensteel Group's Mine Construction Company