Shanghai Metals Market

Groundbreaking Ceremony Held for Jingshan 200 MW/400 MWh ESS Project

Recently, the groundbreaking ceremony for the Jingshan 200 MW/400 MWh power-grid-side standalone ESS project, located in Duruan Town, Pengjiang Distri ...
Shanghai Metals Market

CAAM: February 2026 Vehicle Production and Sales Down, Affected by Holiday and Market Factors

CAAM: Vehicle Industry Production and Sales in February 2026] According to analysis by the China Association of Automobile Manufacturers, this year’s ...
Shanghai Metals Market

[SMM Daily Review on Sheets & Plates] Spot Prices Rose Slightly, with Divergent Trading Performance Across Regions

Today, the most-traded hot-rolled coil contract closed at 3,269, up 0.28%. In the spot market, spot hot-rolled prices in China were mostly stable with ...
Shanghai Metals Market

CATL: Net Profit Reached 72.2 billion yuan in 2025, up 42.28% YoY

CATL announced that in 2025, it recorded operating revenue of 423.702 billion yuan, up 17.04% YoY, and net profit of 72.201 billion yuan, up 42.28% Yo ...
Shanghai Metals Market

[China Iron Ore Brief Review] Iron Ore Concentrate Prices in West Liaoning May Have Upside Potential

Iron Ore Concentrates Prices in West Liaoning May Have Room to Move Higher] Trading sentiment in the domestic ore market in west Liaoning was relatively cautious, with the ex-factory prices of ...
Shanghai Metals Market

CPCA: In January, 35% of Used Cars Transferred Across Registration Jurisdictions, Setting a New Record

CPCA： in January 2026, transaction volume in China’s used car market reached 1.73 million units, down 8% MoM and up 18% YoY, with transaction value at ...
Shanghai Metals Market

[SMM Hot-Rolled Coil Daily Trading] Futures Remained at High Levels, Spot Trading Volume Increased DoD

SMM Hot-Rolled Coil Daily Trading] On March 11, the total daily trading volume of hot-rolled coil among SMM sample enterprises in four cities (Shangh ...
Shanghai Metals Market

Hot Metal Fell Sharply, but Supply Concerns Pushed Up Futures, and Ore Prices Rose Slightly [SMM Brief Comment]

Dalian iron ore fluctuated upward today, with the most-traded contract I2605 finally closing at 787.5 yuan/mt, up 0.90% from the previous trading session. Meanwhile, spot prices rose 2-3 yuan from the ...
Shanghai Metals Market

BC Copper Fluctuated and Closed Slightly Lower, Macro Sentiment Awaited the CPI Release [SMM BC Copper Commentary]

The SHFE copper 2604 contract closed at 101,150 yuan/mt. Based on the BC copper 2604 contract at 89,640 yuan/mt, its after-tax price was 101,293 yuan/mt. The price spread between the SHFE copper 2603 ...
Shanghai Metals Market

Chinese Auto Sales Drop in February, NEV Sales Account for 41.2% Amid Holiday Impact

SMM Flash] According to CAAM data, auto production and sales in February totaled 1.672 million units and 1.805 million units, down 31.7% and 23.1% Mo ...
Shanghai Metals Market

[SMM PV News] California Court Upholds NEM 3.0

The California 1st District Court of Appeal has affirmed the CPUC's Net Billing Tariff (NEM 3.0), rejecting a lawsuit from environmental and solar adv ...
Shanghai Metals Market

SHFE Lead Pulled Back Slightly After a Mild Rise Ahead of Delivery, with Weak Fundamentals Dominating the Market [Lead Futures Brief Review]

During the session, the most-traded SHFE lead 2604 contract opened at 16,605 yuan/mt. Prices dipped slightly in early trading, then fluctuated rangebound within the 16,630-16,650 yuan/mt range, with ...