Hot News

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  Platinum Prices Continue to Soar, Spot Market Trading Remains Thin [SMM Daily Review]

• [SMM Nickel Midday Review] On January 26, nickel prices once again broke through 150,000 yuan/mt, and US President Trump stated that he will visit China in April.

• SHFE Tin Fluctuates at Highs After Hitting New Record, High Prices Continue to Suppress Downstream Demand Release [SMM Tin Midday Review]

  [SMM Tin Midday Review: SHFE Tin Hits New Highs and Fluctuates at Highs, High Prices Continue to Suppress Downstream Demand Release]

• Copper inventories in major domestic regions showed a destocking trend over the weekend [SMM weekly data].

• Rising Copper Prices Dampen Downstream Purchasing Sentiment, Spot Premiums/Discounts Decline [SMM North China Spot Copper]

  Spot prices of #1 copper cathode in North China against the front-month contract were at a discount of 500-360 yuan/mt today, with an average discount of 430 yuan/mt, down 20 yuan/mt from the previous trading day. Transaction prices ranged from 102,000 to 102,470 yuan/mt, with an average of 102,235 yuan/mt, up 1,635 yuan/mt from the previous trading day.