Hot News

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  LME backwardation structure continues to widen, suppliers actively shipped goods in the morning session [SMM Yangshan spot copper]

• SHFE Zinc Rallies During the Day, Expected to Remain High in the Short Term [SMM Zinc Futures Brief Review]

  [SHFE Zinc Rises Intraday, Expected to Maintain High Levels in the Short Term]: The most-traded SHFE zinc 2602 contract opened at 24,240 yuan/mt. After opening, SHFE zinc maintained a fluctuating trend, then quickly surged during the session, reaching a high of 24,735 yuan/mt before pulling back continuously below the daily average line. Approaching the close, SHFE zinc touched a low of 24,150 yuan/mt, and finally closed down at 24,235 yuan/mt.

• [SMM Hot-Rolled Arrivals] Mainstream market arrivals fluctuated rangebound this week.  

  SMM Steel, December 9 – According to SMM statistics, estimated total shipments to mainstream markets this week were 186,300 mt, down 7.73% WoW from last week’s shipment level. By market:  

• MMi Daily Iron Ore Report (January 13)

  The iron ore futures market today showed a weak start followed by a strong finish. The most-traded contract I2605 closed at 819.5, down 0.24% from the previous trading day. Spot prices fell by 0–5 yuan/mt compared to the previous trading day.

• [SMM Chromium Daily Review] Quotations Continue to Rise, Chromium Market Holds Up Well

  [SMM Chromium Daily Review: Quotes Continue to Rise, Chromium Market Holds Up Well] January 13, 2026: The ex-factory price for high-carbon ferrochrome in Inner Mongolia today was 8,300-8,400 yuan/mt (50% metal content), up 100 yuan MoM from the previous trading day.