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  Chery Group posts over 14% YoY rise in both Aug. 2025, YTD vehicle sales

  Chery Group reported robust sales in August 2025, selling 242,736 vehicles for the month, up 14.6% year on year.

• Data: SHFE, DCE market movement (Sep 02)

  The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Sep , 2025

• Downstream Inquiry Activity Remains Low, Manganese Ore Market Consolidates [SMM Manganese Ore Daily Review]

  September 2 news: Northern ports: Australian lump ore 40.3-40.8 yuan/mtu, flat WoW from last Tuesday; South African semi-carbonate 34.2-34.7 yuan/mtu, flat WoW from last Tuesday; Gabon 39.1-39.9 yuan/mtu, flat WoW from last Tuesday; South African high-iron 29.4-29.9 yuan/mtu, flat WoW from last Tuesday; South African medium-iron 35.1-35.6 yuan/mtu, flat WoW from last Tuesday. Southern ports: Australian lump ore 39.8-40.5 yuan/mtu, flat WoW from last Tuesday; South African semi-carbonate 36.3-36.8 yuan/mtu, flat WoW from last Tuesday; Gabon 39.6-40.1 yuan/mtu, flat WoW from last Tuesday; South African high-iron 30.5-31 yuan/mtu, flat WoW from last Tuesday; South African medium-iron 36.5-37.2 yuan/mtu, flat WoW from last Tuesday. Overall, the manganese ore market recently maintained a consolidating trend with sluggish port transactions, while ore prices remained stable. The manganese ore prices are expected to maintain a fluctuating trend in the near term, mainly depending on the shipment status of overseas mines and the rigid demand support from downstream SiMn alloy.

• Futures fluctuated rangebound, while SiMn prices edged down [SMM SiMn Futures Review]

  September 2: The SM2601 contract opened at 5,750 yuan/mt and closed at 5,744 yuan/mt, up 0.49%. The highest price was 5,774 yuan/mt, and the lowest was 5,722 yuan/mt. Trading volume reached 151,339 lots, with open interest at 333,714 lots. The futures fluctuated rangebound today. Affected by the recent low-range fluctuations in SiMn futures, spot SiMn prices edged down slightly. Cost side, manganese ore prices stabilized; the eighth round of coke price increases failed to materialize, pending the outcome of negotiations between coking and steel enterprises. The current SiMn market remains volatile.

• Production Cuts Disruptions Intertwined With Weak Demand, Tug-of-War Between Longs and Shorts Intensifies [Lead Futures Brief]