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Company News

Buyer's market: Nickel price is good for Thermocouple wire

[2019-12-10 11:00:04]

SHANGHAI, Dec 10 (SMM) – Copper: Copper prices continued their strong run overnight, as market euphoria over the upbeat US employment report has yet to fade and as the British pound strengthened on optimism that Thursday’s election will end near-term Brexit uncertainty. Three-month LME copper ... Read More

USD Rate vs nickel price

[2019-12-04 09:03:37]

SHANGHAI, Dec 4 (SMM) – This is a roundup of global macroeconomic news last night and what is expected in the day ahead. Last night The US dollar extended its decline on Tuesday against a basket of its rivals as disappointing manufacturing data and new developments in global trade tensions rattled ... Read More

Nickel Price in the last month of 2019

[2019-12-02 10:27:08]

SHANGHAI, Dec 2 (SMM) – Copper: Prices of copper moved lower last Friday night with pressure from intensified risk aversion caused by US-China trade uncertainties. A higher US dollar on the month and concerns about weakening economic growth in Europe also depressed prices of the metal. Today, ... Read More

Nickel Price

[2019-11-25 14:20:22]

SHANGHAI, Nov 25 (SMM) – Copper: Three-month LME copper gained 0.59% on Friday to $5,852.5/mt, while the most active SHFE 2001 contract advanced 0.43% on Friday night to end at a session-high of 47,100 yuan/mt. Copper trading on Shanghai and London markets both saw low volatility, as conflicting ... Read More

US dollar extended its decline

[2019-11-19 09:02:51]

Macro Roundup (Nov 19) Data Analysis 08:40:36AM Source:SMM SHANGHAI, Nov 19 (SMM) – This is a roundup of global macroeconomic news last night and what is expected in the day ahead. Last night The US dollar extended its decline against a basket of its rivals on Monday as investors digested mixed ... Read More

Macro Roundup (Mar 18)

[2019-03-18 08:58:33]

SHANGHAI, Mar 18 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today. Last weekend The US dollar dropped and recorded the biggest weekly loss in more than three months, dragged by weak US economic data. Weak economic data underscored the Federal Reserve's ... Read More

Macro Roundup (Jan 31)

[2019-01-31 10:46:08]

Macro Roundup (Jan 31) SHANGHAI, Jan 31 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today. Last night LME base metals traded higher across the board on Wednesday. Nickel jumped 1.7%, zinc and copper surged 1.2%, aluminium rose 0.4%, lead and tin gained 0.3%... Read More

US-China trade surplus hit record high in 2018

[2019-01-15 08:44:29]

SHANGHAI, Jan 14 (SMM) – Despite a Beijing-Washington trade dispute last year, China's trade surplus with the US rose 17% on the year to $323.32 billion in 2018, according to data by the State Council on Monday January 14. This exceeded a surplus of $275.8 billion in 2017, the highest level on ... Read More

SMM Morning Comments (Dec 14)

[2018-12-14 14:55:55]

SHANGHAI, Dec 14 (SMM) – Copper: LME copper pared earlier gains to close at $6,153/mt on Thursday. The SHFE 1902 contract came off from a high of 49,440 yuan/mt overnight, ending at 49,260 yuan/mt. As the US dollar strengthened, copper prices are expected to remain rangebound at lows today. LME ... Read More

SMM Morning Comments (Dec 6)

[2018-12-06 16:46:17]

SHANGHAI, Dec 6 (SMM) – Copper: LME copper rebounded to close at $6,193.5/mt overnight as shorts cut their bets after the contract fell to a low of $6,158.5/mt. LME copper snapped a four-day losing streak and came under pressure at the five- and 10-day moving averages. With a lower open, the SHFE ... Read More

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