Hot News

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  January 2026: Silver Production Up 0.6% MoM, 9.91% YoY; Smelters Resume Post-Maintenance [SMM Analysis]

  In January 2026, silver production increased by about 0.6% MoM and 9.91% YoY compared to January 2025.

• Macro sentiment disturbance SHFE zinc plummeted [SMM Zinc Futures Brief Review]

  [Macro sentiment disturbance SHFE zinc plummeted]: The most-traded SHFE zinc 2603 contract opened at 25,625 yuan/mt, touched a high of 25,625 yuan/mt early in the session, then fell all the way, probing a low of 24,245 yuan/mt near the close, and finally settled at 24,515 yuan/mt, down 1,260 yuan/mt, a drop of 4.89%.

• [SMM Chromium Daily Review] Market operates strongly and steadily, quotations remain unchanged for now.

  [SMM Chrome Daily Review: Market Remained Strong and Stable with No Price Adjustments] February 2, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,500-8,600 yuan/mt (50% metal content), flat MoM from the previous trading day...

• The Most-Traded BC Copper Contract Hit the Limit Down, Macro Headwinds and Bulls Exiting the Market [SMM BC Copper Commentary]

• MMi Daily Iron Ore Report (February 2)

  Today, the DCE iron ore market exhibited a volatile and downward trend. The benchmark contract, I2605, eventually closed at 783 RMB/tonne, representing a decline of 1.26% from the previous trading day.