Hot News

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  [SMM MHP Daily Review] August 13: Indonesian MHP nickel prices rose due to the increase in nickel prices

  As of now, the FOB price of Indonesian MHP nickel is $12,668/mt Ni, and the FOB price of Indonesian MHP cobalt is $21,317/mt Co.

• [Daily Review of NPI] Prices of high-grade NPI continue to rise, with the market seeking fundamental support

  [SMM Daily Review: High-grade NPI Prices Continue to Rise, Market Seeking Fundamental Support] On August 13th, the average price of SMM 10-12% high-grade NPI was 923 yuan/mtu (ex-factory, tax included), up 1.5 yuan/mtu from the previous working day.

• Several indicators of the auto market hit new highs again in July. CPCA raises forecast for retail sales and exports in 2025 [SMM Special Report]

• MMi Daily Iron Ore Report (August 13)

  Today, Dalian iron ore futures held up well during the session but dived at the close. The most-traded contract I2601 eventually closed at 795, unchanged from yesterday. Traders' willingness to sell was moderate; steel mills restocked on demand.

• BC copper 2509 closed up 0.58%, with the price spread between SHFE copper and BC copper continuing to invert [SMM BC Copper Commentary]