Prices of Indonesian ore used for pyrometallurgy rise again, with prices of ore used for hydrometallurgy and ore used for pyrometallurgy diverging Nickel ore prices in the Philippines drop slightly, but there is still a long way to go before downstream profit margins recover
[SMM Spot Copper] Next week will mark the countdown to delivery. Currently, there is still a significant disparity between the number of open interest hands for the current month and the deliverable warrants. It is anticipated that spot copper will trade at a discount amid high price spreads between futures contracts.
300+! List of Companies Participating in the Latest Progress of the Recycled Metals Forum Updated!
[SMM Daily Review: Market Inquiry Prices Continue to Decline, Short-Term High-Grade NPI Prices Remain Under Pressure] On May 9, the average price of SMM 8-12% high-grade NPI was 944 yuan/mtu (ex-factory, tax included), down 3.5 yuan/mtu from the previous working day...
["[Fierce Market Competition: Prices of Grain-Oriented Electrical Steel May Start to Decline Slightly Next Week] Tariff news continues to impact the grain-oriented electrical steel market, particularly in terms of exports. Some export supplies may be diverted to domestic sales, leading to further relaxation of domestic supply. Currently, there is an abundant supply in the market, and the off-season is gradually approaching. Downstream transformer enterprises are cautious in purchasing grain-oriented electrical steel, mainly purchasing as needed. State-owned steel mills maintain firm prices due to their product quality, while some private steel mills, in order to sell their products, have room for negotiation on transaction prices."]