Latest Update in the SMM Coal Market

According to data from the General Administration of Customs, domestic copper plate/sheet and strip exports reached 10,741 mt in April 2025, up 1.87% MoM and up 19.84% YoY. As of April, cumulative copper plate/sheet and strip exports from China totaled 39,166 mt, with cumulative...

[Ningbo Zinc: Traders' Quotations Remain Low, Premiums Stay High] The transaction prices for mainstream brand 0# zinc in the Ningbo market were around 22,685-22,785 yuan/mt. The premium for mainstream brands in Ningbo against the 2506 contract was 260 yuan/mt, and the premium against Shanghai spot cargo was 60 yuan/mt. Mainstream traders in the Ningbo region were quoting against the 2506 contract...

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Maintains Fluctuating Rangebound Trend, Downstream Processing Enterprises Only Maintain Just-in-Time Procurement] This morning, the most-traded SHFE tin contract (SN2506) maintained a fluctuating rangebound trend, reaching a high of 267,600 yuan/mt and a low of 264,600 yuan/mt during the session. It closed at 265,310 yuan/mt at midday, dropping slightly by approximately 0.67% from yesterday's settlement price. Market trading was generally sluggish, with open interest decreasing to 24,300 lots from yesterday. Both long and short sides were contending near 265,000 yuan/mt.

Today, spot #1 copper cathode in North China was trading at a discount of 140 yuan/mt to parity against the front-month contract, with an average discount of 70 yuan/mt, a decrease of 70 yuan/mt from the previous trading day. The transaction prices ranged from 77,720 to 78,040 yuan/mt, with an average price of 77,880 yuan/mt, down 305 yuan/mt from the previous trading day.