Shanghai Metals Market

MMi Daily Iron Ore Report (March 3)

Today, DCE Iron ore futures trended stronger, with the most-traded I2605 contract closing at 753.5 RMB/ton, an increase of ...
Shanghai Metals Market

Drone Attack on US Embassy in Riyadh; Israel Strikes Tehran and Beirut, Trump Promises Response Measures

The US Embassy in Riyadh, Saudi Arabia, was attacked by a drone on the 3rd local time, causing a fire and partial damage to the building. Meanwhile, t ...
Shanghai Metals Market

Stronger US Dollar Weighed on SHFE Zinc, Which Slipped in Daytime Trading [SMM Zinc Futures Brief Commentary]

The most-traded SHFE zinc 2604 contract opened at 24,555 yuan/mt. Early in the session, SHFE zinc touched a high of 24,720 yuan/mt, then fluctuated downward. Near the close, SHFE zinc dipped to 24,320 ...
Shanghai Metals Market

Capstone Copper said on Monday that its Q4 revenue hit a record high, exceeding analysts’ expectations

Capstone Copper said on Monday that its Q4 revenue hit a record high, exceeding analysts’ expectations.The company’s adjusted Q4 earnings before inter ...
Shanghai Metals Market

Zambia to Reopen Key DRC Mineral Export Route After Rain Damage Disrupted Transport

Zambia’s Minister of Infrastructure said the main corridor for the DRC’s exports of copper, cobalt, and other minerals was expected to reopen after tr ...
Shanghai Metals Market

Key Copper Export Corridor in the DRC Disrupted; Rising Transport Costs May Affect Logistic Flows

According to Bloomberg, flooding has caused the collapse of a key bridge located south of the Zambian border in the Democratic Republic of Congo (DRC), cutting off the main copper export route to the ...
Shanghai Metals Market

Steel Export Quotations Stable, Southeast Asia Shipments Up Amid War-Driven Freight Hikes

Overall, domestic export quotations saw relatively small changes today. Export volumes of some steel billet shipments to Southeast Asia inc ...
Shanghai Metals Market

[SMM Hot-Rolled Arrivals] Arrivals in Major Mainstream Markets Pulled Back in the First Week After the Holiday

According to SMM statistics, the estimated total shipments to mainstream markets this week reached 302,700 mt, up 50.90% WoW. By market: ...
Shanghai Metals Market

Post-Holiday Expectations for Hot Metal Production Improve, Iron Ore Futures Rise Slightly [SMM Brief Commentary]

DCE iron ore futures moved higher today, with the most-traded contract I2605 finally closing at 753.5 yuan/mt, up 0.67% from the previous trading session. The spot price was basically flat from the ...
Shanghai Metals Market

[SMM Chromium Daily Review] Trading Is Expected to Recover on Improved Expectations; the Chromium Market Remains Firm and Stable

Expectations Were Bullish on a Recovery in Trading Activity; the Chromium Market Ran Strong and Stable] March 3, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was flat ...
Shanghai Metals Market

The Most-Traded BC Copper Contract Closed Down 1.47%, a Stronger US Dollar Index Put Copper Prices Under Pressure [SMM BC Copper Commentary]

The SHFE copper 2604 contract closed at 102,100 yuan/mt. Based on the BC copper 2604 contract at 90,560 yuan/mt, its after-tax price was 102,333 yuan/mt. The price spread between the SHFE copper 2604 ...
Shanghai Metals Market

SHFE Cast Aluminum Alloy Warrant Volume Down 975 mt to 62,228 mt on March 3

SMM Flash] SHFE data showed that on March 3, the total registered cast aluminum alloy warrant volume was 62,228 mt, down 975 mt from the previous tra ...