Latest Update in the SMM Used Lithium-ion Battery Market

In terms of aluminum billet inventory, according to SMM statistics, the inventory in major domestic consumption areas stood at 272,000 mt on March 27, down 16,000 mt WoW. Today, SHFE aluminum rebounded above 20,800 yuan/mt. Supply in South China is expected to tighten, limiting the decline in market processing fees. In Nanchang, east China, the center of aluminum prices shifted upward, leading to a noticeable pullback in processing fees. Mid-week, bargain down purchasing prices were still prevalent, with actual transaction feedback being average. Today, the aluminum billet market in Foshan quoted 160/210 yuan/mt, down 10 yuan/mt; the processing fee in Wuxi was quoted at 150/200 yuan/mt; and the processing fee in Nanchang was quoted at 150/200 yuan/mt, unchanged. (Unit: yuan/mt)

【SMM Daily Review: Silver Prices Continue to Fluctuate at High Levels, Some Suppliers Hold Back and Wait】According to SMM, the premiums and discounts for spot cash national standard silver ingot warrants TD in the Shanghai area today were quoted at -2 yuan/kg to 0 yuan/kg, while the premiums and discounts for large factory silver ingot TD were near parity or at a discount of 21-23 yuan/mt against the 2506 contract.

SMM Midday Review: US Dollar Index Declines, Domestic Market Outperforms Overseas Market in Metals, Alumina Drops 1.39%, Coke Rises Over 1%. Domestic market base metals generally rose. SHFE lead increased by 0.14%, SHFE zinc decreased by 0.27%. SHFE copper fell by 0.81%. Alumina dropped by 1.39%. Lithium carbonate rose by 0.19%. Ferrous metals series mostly rose, iron ore increased by 0.83%, rebar decreased by 0.5%, coke rose by 1.4%. As of 11:39, overseas market base metals generally declined. LME lead fell by 0.55%. LME copper increased by 0.52%. COMEX gold rose by 0.45%. The US dollar index decreased by 0.18%, reported at 104.36.

【SMM HRC Weekly Balance & Social Inventory Review】Weak Supply and Strong Demand, Social Inventory Destocking in Good Condition This week, the impact of maintenance significantly weakened, HRC supply fluctuated rangebound. During this period, futures first rose and then fell, market transactions experienced a surge, and traders actively destocked, with social inventory showing a good downward trend. Looking ahead, the number of rolling lines under maintenance and planned for maintenance is relatively small in the short term, supply resistance is expected to rebound, but the space will not expand so quickly. Meanwhile, end-use demand remains resilient, and it is expected that national social inventory will continue to destock in the short term...

Guangdong Zinc: Market Trading Atmosphere Sluggish, Spot Premiums/Discounts Decline. The mainstream transaction price of Guangdong 0# zinc was 24,055-24,165 yuan/mt. The mainstream brands quoted a discount of 30 yuan/mt against the 2505 contract and a discount of 30 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread widened....

Shanghai Zinc: Sentiment Remains Weak, Transactions Show No Improvement: Today, the mainstream transaction prices of 0# zinc were concentrated at 24,075-24,170 yuan/mt, while Shuangyan traded at 24,125-24,200 yuan/mt. The mainstream transaction prices of 1# zinc were at 24,005-24,100 yuan/mt. In the morning session, the market quoted a premium of 0-10 yuan/mt against the average price, with fewer quotes against the futures price...

Ningbo Zinc: Futures Market Remains High, Spot Premiums Maintained. The transaction price of mainstream brand 0# zinc in the Ningbo market was around 24,115-24,180 yuan/mt. The premium of conventional brands in Ningbo against the 2504 contract was 25 yuan/mt, and the premium against Shanghai spot cargo was 40 yuan/mt. Mainstream brands in the Ningbo region quoted against the 2504 contract...

SMM Metal Spot Prices on March 27: Copper Prices, Aluminum Prices, Lead Prices, Zinc Prices, Tin Prices, Nickel Prices, Steel, Scrap Metal, Rare Earth, Minor Metal, New Energy, PV. Today, the SMM #1 copper cathode spot price dropped by 1,070 yuan/mt, while the lead-free solder spot price rose by 1,000 yuan/mt. The spot prices of other metals are as follows....