Recently, 30 hydrogen fuel cell sanitation vehicles, powered by hydrogen power systems provided by Weishi Energy, were delivered to Baoding Gaoxin Environmental Technology Co., Ltd. These vehicles will mainly be used for road washing and sweeping, water spraying and dust suppression on main roads in the Baoding High-tech Zone, further promoting the green upgrading of urban sanitation equipment in the area. The vehicles delivered this time include two types: hydrogen-powered water sprinklers and hydrogen-powered washing and sweeping vehicles, jointly developed by Weishi Energy, Dongfeng Special Vehicle Co., Ltd., and Changsha Yingfeng Environmental Industry Co., Ltd. The vehicles are respectively equipped with Weishi Energy’s self-developed commercial vehicle fuel cell systems and hydrogen storage systems, featuring zero emission, pollution-free, and low noise , suitable for continuous operation on urban roads, in parks, and in public areas. Compared with purely electric sanitation vehicles, hydrogen fuel cell sanitation vehicles have advantages in refueling efficiency and environmental adaptability. These vehicles take approximately 5 to 8 minutes to refuel, and a single refueling can support continuous operation for more than 10 hours, meeting the heavy-load, high-frequency, and long-duration operational requirements of sanitation vehicles. Sanitation operations typically involve fixed routes, centralized parking, and continuous duty, which align well with the hydrogen refueling infrastructure and maintenance management conditions required for promoting hydrogen-powered vehicles. Therefore, hydrogen-powered sanitation vehicles have become one of the important scenarios for the large-scale deployment of fuel cell commercial vehicles. Previously, Weishi Energy had promoted the implementation of several hydrogen demonstration projects in Baoding, including the country's first "hundred-unit-level" hydrogen heavy-duty truck demonstration line, Hebei province's first 200-unit hydrogen-powered cold chain transport vehicle project, and the country's first 406-unit hydrogen-powered sanitation vehicle demonstration project. With this delivery, the scale of hydrogen vehicle promotion in Baoding has further expanded, moving toward the **"thousand-unit-level" application stage**. After these vehicles are put into operation, they will expand the scale of the hydrogen sanitation fleet in Baoding's core areas, improve sanitation operation efficiency and cleanliness levels, and provide a demonstration reference for the commercial application of hydrogen-powered commercial vehicles in the field of urban public services. As an important city in the Beijing-Tianjin-Hebei fuel cell vehicle demonstration city cluster, Baoding has continued to promote the demonstration operation of hydrogen vehicles and the coordinated development of the industry chain in recent years. The delivery of hydrogen sanitation vehicles by Weishi Energy this time will further consolidate the local first-mover advantage in the large-scale application of hydrogen vehicles. In the future, Weishi Energy will continue to deepen collaboration around fuel cell systems, hydrogen storage systems, and vehicle application scenarios, promote the expanded application of hydrogen-powered commercial vehicles in sanitation, logistics, cold chain, heavy-duty trucks, and other fields, and contribute to the construction of urban green transportation and low-carbon public service systems.
Jul 8, 2026 17:24The National Energy Administration (NEA) recently released the "Guidelines for Data Classification and Grading in the Energy Sector (2026 Edition)," which took effect on July 1, 2026. The guidelines apply to the classification and grading of non-confidential data in the energy sector within the territory of the People's Republic of China, aiming to standardize data processing activities in the energy sector and strengthen data security management. According to the document, the classification dimensions for energy sector data include energy types, energy activities, and others. Specifically, by energy type, the first-level data classification includes coal, oil, natural gas, nuclear energy, hydropower, wind energy, solar energy, biomass energy, geothermal energy, ocean energy, electricity, hydrogen energy , etc. This means hydrogen energy has been formally incorporated into the first-level data classification system of the energy sector. By energy activity, the second-level data classification includes planning, design, construction, production, storage and transportation, consumption, scientific research, etc. Data processors in the energy sector may further implement third-level and fourth-level classification management based on data content and characteristics. In terms of data grading, the guidelines specify that energy sector data is classified into three levels—general data, important data, and core data—based on factors such as importance, accuracy, scale, and security risks. Derivative data generated through processing such as statistics, correlation, mining, and aggregation of important data or core data, if still recoverable or restorable to important or core data, shall in principle be managed at the original level. The document also proposes that if data, after desensitization processing, cannot be recovered or restored to important or core data, the relevant data may be downgraded in accordance with the rules. Specifically, core data may be downgraded to important data or general data, and important data may be downgraded to general data. The guidelines provide explicit provisions on the identification rules for important data and core data in the energy sector. Geographic location coordinates data with an accuracy better than or equal to 100 meters for certain important energy infrastructure, as well as materials containing such coordinates data, are classified as important data in the energy sector. Such infrastructure includes coal mines with an annual output of 10 million mt or more, thermal power stations, hydropower stations, and nuclear power stations of specific scales, and substations, switching stations, and converter stations above 750 kV. Real-time command data for the production and operation of certain energy infrastructure are also included in the scope of important data, including those from hydropower stations of specific scales, substations and converter stations above 750 kV, and relevant data from the dispatch and control system of the Oil & Gas Control Center of PipeChina. In terms of power consumption data, the raw power consumption data of super important power users, first-level and second-level important power users in the national defense and military category, as well as the raw power consumption data of 10 million or more power users, are recognized as important data in the energy sector. The raw power consumption data of super important power users for a continuous period of one year or more, and the raw power consumption data of 100 million or more power users, are classified as core data in the energy sector. A relevant official of the NEA stated that the guidelines were issued to promote the implementation of the Data Security Law of the People's Republic of China in the energy sector, and together with the "Data Security Management Measures for the Energy Sector (Trial)," they form the basic management system for data security in the energy sector. The guidelines will guide data processors in classifying and grading the non-confidential data they hold in the energy sector, accurately identifying important data and core data, and strengthening management and security protection as required. Regarding the follow-up work for energy sector data processors, the NEA proposed that they should identify and compile a catalogue of important data for their organization in the energy sector in accordance with the guidelines, and submit it as required to the provincial energy regulatory authorities at the location of the data carrier. If significant changes occur to the catalogue, it should be resubmitted within three months. At the same time, relevant entities shall establish and improve data security management systems, define data lifecycle management requirements, adopt necessary technical measures, and implement institutional requirements such as graded protection of cybersecurity, security protection of critical information infrastructure, cryptographic protection, and confidentiality, to ensure that important data and core data in the energy sector are in a state of effective protection and lawful utilization. The document also requires that processors of important data and core data conduct at least one risk assessment of their data processing activities each year, which may be carried out by themselves or commissioned to third-party institutions with risk assessment capabilities, and submit the assessment reports as required by provincial energy regulatory authorities. Where cross-border transfer of important data or cross-entity transfer of core data is involved, a risk assessment shall be applied for in accordance with relevant regulations. The NEA stated that the identification rules for important data and core data in the energy sector are not fixed. Going forward, they will be continuously analyzed and assessed in light of developments in the national security situation and data security management needs, and will be revised and improved when appropriate.
Jul 8, 2026 14:29![[SMM Analysis] 2026 Peru Copper Supply Outlook under the Keiko Fujimori Administration](https://imgqn.smm.cn/production/admin/votes/imagesdFbss20260708141801.png)
Can Peru’s new government improve copper project execution? Fujimori’s government plan does not seek to redesign Peru’s mining regime, but rather to strengthen execution tools, including permitting, infrastructure, reinvestment incentives and revenue distribution. However, unless key constraints around communities, permitting, infrastructure and mature-mine depletion are materially addressed, Peru’s copper supply is unlikely to increase significantly in the short term.
Jul 8, 2026 14:17SMM July 8 News: Metals Market: As of the midday close, domestic base metals broadly rose. SHFE copper and SHFE zinc edged up, SHFE aluminum rose 0.74%. SHFE lead rose 1.57%. SHFE tin rose 0.49%. SHFE nickel fell 0.53%. Additionally, the most-traded cast aluminum futures rose 0.7%, and the most-traded alumina futures rose 0.52%. Lithium carbonate most-traded contract fell 0.93%. Silicon metal most-traded contract edged up. Polysilicon most-traded futures rose 1.43%. Ferrous metals mostly rose. Iron ore rose 0.74%, rebar rose 0.65%, HRC rose 0.27. Stainless steel fell 1.86%. Coking coal and coke: coking coal most-traded contract rose 0.82%, coke most-traded contract rose 0.28%. Overseas base metals market: As of 11:42, LME metals were nearly all rising. LME copper rose 0.34%, LME aluminum rose 0.62%, LME lead rose 0.85%. LME zinc rose 0.1%, LME tin was at parity at $53,000/mt. LME nickel rose 0.18%. Precious metals: As of 11:42, COMEX gold fell 0.43%, COMEX silver fell 0.44%. Domestic precious metals: SHFE gold fell 0.18%; most-traded SHFE silver contract fell 0.96%. Sherilyn Chew, multi-asset strategist at DBS Group Research, stated that gold's medium-term outlook remains slightly more constructive. On one hand, the launch of Hong Kong's gold clearing infrastructure pilot reinforced the broader theme of sustained Asian interest in gold and should help deepen market accessibility across the region over time. On the other hand, amid discussions on de-dollarization, PBOC will continue to increase gold holdings, highlighting sustained official sector demand. Both factors underpin the medium-term demand floor for gold. (Jin10 Data APP) Furthermore, as of the midday close, the most-traded platinum futures rose 0.94%, and the most-traded palladium futures fell 0.23%. As of the midday close, the most-traded European container transportation futures rose 3.34% to 2,540 points. As of July 8, 11:42, some selected futures midday quotes: Spot and Fundamentals Copper: Today, Guangdong #1 copper cathode spot against the front-month contract: high-quality copper was reported at 90 yuan/mt, up 10 yuan/mt from the previous trading day; standard-quality copper was reported at a premium of 20 yuan/mt, up 10 yuan/mt; SX-EW copper was reported at a discount of 50 yuan/mt, up 10 yuan/mt. The average price of Guangdong #1 copper cathode was 102,905 yuan/mt, down 240 yuan/mt from the previous trading day. The average price of SX-EW copper was 102,800 yuan/mt, down 240 yuan/mt. Spot Market: Inventory in Guangdong declined for a fifth straight day, mainly due to persistently low arrivals... Macro Front China: [PBOC reverse repo operations resulted in a net withdrawal of CNY85 billion on the day] The PBOC conducted CNY15 billion of 7-day reverse repo operations today. With CNY100 billion of 7-day reverse repos maturing today, the net withdrawal for the day was CNY85 billion. (Jinshi Data App) [Shanghai: Strengthen key functional areas such as the Three Islands of Chongming, the Upper Reaches of the Huangpu River, the North Bank of Hangzhou Bay, and Northern Shanghai] The Shanghai Municipal People's Government issued the "Shanghai 15th Five-Year Plan for Advancing Comprehensive Rural Revitalization". The plan proposes that by 2030, Shanghai will achieve substantial new results in comprehensive rural revitalization, accelerate agricultural modernization, and speed up the provision of modern living conditions in rural areas. Deep urban-rural integration will reach a new level, laying a solid foundation for comprehensive rural revitalization. Leveraging rural strengths in ensuring the supply of key agricultural products, ecological conservation, cultural heritage, and spatial capacity, Shanghai will adopt tailored approaches based on local conditions, create an urban-rural integration development belt around the metropolitan area, strengthen key functional areas such as the Three Islands of Chongming, the Upper Reaches of the Huangpu River, the North Bank of Hangzhou Bay, and Northern Shanghai, and build core rural revitalization nodes in conjunction with major strategic areas like the "Five New Towns" and the Yangtze River Delta Ecological Green Integrated Development Demonstration Zone. This will form a strategic layout for comprehensive rural revitalization characterized by "one belt, four zones, and multiple nodes". US Dollar: As of 11:42, the US dollar index was flat at 101.09. According to CME FedWatch: The probability of the US Fed keeping rates unchanged in July is 73.3%, and the probability of a cumulative 25-basis-point rate hike is 26.7%. For September, the probability of keeping rates unchanged is 32.4%, cumulative 25bp hike 52.7%, and cumulative 50bp hike 14.9%. Fed's Williams: Given the uncertainty, explicit forward guidance is not appropriate. Energy prices and inflation may decline over the coming months. Swiss private bank Julius Baer: The Fed is unlikely to raise rates and the US dollar may weaken. (Jinshi Data App) Other data: [Reserve Bank of New Zealand raised rates by 25bp as expected, hinting at possible further tightening] The RBNZ Monetary Policy Committee unanimously agreed today to raise the Official Cash Rate (OCR) by 25 basis points to 2.50%. As the Strait of Hormuz partially reopened, global oil prices fell sharply. Prices of other petrochemical products also pulled back. As a result, near-term inflationary pressures eased. However, despite the decline in energy prices, the impact of the energy shock will persist for some time, and the outlook for medium-term inflation pressures remains uncertain. The current monetary policy stance aims to bring inflation back to target while avoiding unnecessary economic instability. New Zealand's economy was on a recovery track before the Middle East conflict, but it was dragged down by the oil price shock, and economic momentum weakened in the June quarter. The outlook for medium-term inflation pressures depends on the extent to which recent cost increases are passed through to higher prices. As inflation remains above target and economic activity is expected to strengthen, further reduction in monetary policy stimulus may be needed to bring inflation back to the 2% target midpoint. Future interest rate decisions will depend on newly released economic data, price-setting behaviour, and the impact of the strength of economic activity on medium-term inflation pressures. (Jin10 Data APP) RBA Assistant Governor Hunter said on Wednesday that the recent oil price shock has led to a decline in Australian consumer and business confidence, but so far there have been no signs of a significant slowdown in economic activity. In a speech on supply shocks, Hunter said it is not always correct to simply ignore supply shocks; if inflation expectations start to rise, a period of low inflation and high unemployment may be necessary. "Although supply shocks present difficult policy trade-offs, this does not diminish the importance of maintaining low and stable inflation," Hunter said. "The Board will continue to take the necessary actions to ensure inflation returns to target and the labour market is at a sustainable full employment level." (Jin10 Data APP) On the data front: Today will see the release of US May wholesale sales month-on-month data, among others. Also in focus: the Reserve Bank of New Zealand will announce its interest rate decision and RBNZ Governor Breman will hold a monetary policy press conference. On the crude oil front: As of 11:42, both crude oil benchmarks rose, with WTI up 2.54% and Brent up 2.58%. A new round of US airstrikes on Iran sharply cooled market risk appetite, reigniting the Strait of Hormuz risk premium to support oil prices. (Wallstreetcn) On July 8, according to CCTV News, the US Treasury Department's Office of Foreign Assets Control (OFAC) announced that the US had revoked a general license authorizing the sale of Iranian oil, and related wind-down transactions would be permitted until 12:00 a.m. Eastern Time on July 17. Spot market at a glance: ► ► ► ► ► ► ► ► ► ►
Jul 8, 2026 14:14The year 2026 marks the first year of the 15th Five-Year Plan. Against a backdrop of intensifying global macro volatility and the in-depth advancement of China’s high-quality development, the zinc industry is undergoing profound changes: structural tension arises from tight ore supply and the release of smelting capacity, the divergence between domestic and overseas inventories reflects the complex dynamics of supply-demand rebalancing, and technological innovation is becoming a key driving force for resolving contradictions and reshaping the landscape. Key areas of the 15th Five-Year Plan, such as new energy and new-type infrastructure, inject fresh momentum into traditional zinc consumption, while green, low-carbon and circular economy are also accelerating the reshaping of industrial logic driven by technological innovation. With the joint support of upstream and downstream enterprises in the zinc industry, industry associations and relevant parties, the 2026 SMM Zinc Industry Conference and the 8th Hot-Dip Galvanizing Industry Development and Technological Innovation Forum, the 14th Zinc Salt, Zinc Oxide and Zinc Secondary Resources Development Forum, and the Cast Zinc Alloy Development Forum will be held on August 6-8 in Qingdao, Shandong. Themed “Gathering Zinc Momentum, Building the Zinc Industry, Embarking on a New Journey,” the conference is driven by the dual wheels of macro perspective and fundamental analysis. It closely follows the main line of high-quality development of the 15th Five-Year Plan, focuses on the four dimensions of macro policies, supply-demand patterns, global trade and technological innovation, and uses technological breakthroughs to drive cost reduction and efficiency gains while leveraging collaborative innovation to respond to market fluctuations, jointly painting a new blueprint for the high-quality and sustainable development of the zinc industry. Huanghua Huixin Weiye FRP Co., Ltd. will grandly attend this grand event to discuss industry development trends with industry peers and jointly push the zinc industry to new heights. Click to register now to attend, and join us in witnessing and participating in this significant and far-reaching industry event to create a brilliant new chapter together! Huanghua Huixin Weiye FRP Co., Ltd., founded in 1971, focuses on the R&D and manufacturing of high-quality FRP products, efficiently serves markets throughout China and outside China, and is your trusted FRP solution provider. The company is located in Huanghua City, Hebei Province, at the core of the Bohai Economic Rim. Leveraging its excellent location adjacent to Beijing-Tianjin, Xiong’an New Area and the 100-million-ton Huanghua Port, the company enjoys convenient sea-land transportation network and vast market hinterland. Over more than 40 years of development since its establishment, the company has accumulated solid strengths in technology, personnel and production equipment. The company covers an area of nearly 70 mu, with a building area of 35,000 m². It has 230 employees, including 8 with senior professional titles, 15 with intermediate titles, and 80 junior technical personnel. Since its inception, the company has maintained long-term collaborations with over a dozen research institutes and universities such as the Chinese Research Academy of Environmental Sciences, boasting strong technical capabilities. The company has 10 filament winding container production lines, 10 filament winding pipe production lines for DN50-4000mm, 15 compression molding machines, 25 pultrusion lines, 40 FRP grating molds, various molds for round and square FRP cooling towers, fans and other products, and complete testing equipment. Main products include: FRP filament-wound containers, flue gas desulfurization equipment, FRP purification equipment, FRP filament-wound pipes, pickling tanks, anti-corrosion engineering, ventilation fans, FRP cooling towers, FRP gratings, water tanks, FRP deodorization and purification equipment, FRP sewage pool cover plates and over ten other categories of FRP products. During its development, the company leadership has placed great emphasis on product quality and corporate reputation. With a people-oriented and technology-pioneering approach, the company survives by quality, strengthening internal management and expanding external markets. Our FRP series products cover more than 20 provinces, municipalities and autonomous regions across China, and are exported to the Americas, Europe, Africa and other regions. They are widely used in petrochemical, gas station, machinery, papermaking, power, food, water supply and drainage, textile dyeing and printing industries, and are highly praised by users. Our company has always strictly controlled every link and every process. The company’s testing system and procedures comply with advanced international industry standards, controlling precision to the strictest, product quality to the most excellent, and every minor detail to the most perfect, allowing customers to deeply feel Huixin’s rigorous and pragmatic quality commitment while using the products...... The company always adheres to the business policy of “Customers First, Reputation Foremost,” and sincerely cooperates with friends from all walks of life with excellent products and comprehensive after-sales service for mutual development. ◆Contact Information◆ Ma Linxing Mobile:15230713888 Tel:0317-5653296 Fax:0317-5653296 Website:www.hxwyblg.cn E-mail:sx-blg@163.com Address:Xidazhuang Industrial Zone, Jiucheng Town, Huanghua City, Hebei Province Long press and scan to register now 2026 SMM Zinc Conference
Jul 8, 2026 12:22Guangdong is a core hub of China’s wire and cable industry, with a complete industry chain, significant geographical advantages, and market reach across South China, Hong Kong, Macao, and Southeast Asia. The industry currently faces both opportunities and challenges. While new energy and infrastructure markets outside China broaden the scope for going global, factors such as copper and aluminum raw material fluctuations, capacity homogenization, and low-price-induced involution are squeezing enterprises’ profits, making digital and intelligent upgrades a breakthrough key. will be held on July 14–15, 2026 at the Wyndham Guangzhou Design City Hotel , SMM joins hands with the Guangdong Industrial and Trade Development Promotion Association to invite you to attend. The conference will leverage entire-industry-chain data and resources in and outside China, focusing on market analysis, transformation and upgrading, supply-demand matching, and empowering enterprises to go global, thereby helping local companies improve quality and expand markets and promoting the high-quality international development of the region’s wire and cable industry. Click to attend the conference. We look forward to meeting you at the event. Guangdong Industrial and Trade Development Promotion Association Guangdong Industrial and Trade Development Promotion Association is a service-oriented, non-profit social organization dedicated to promoting the joint development of Guangdong’s industrial and trade economic sectors. It mainly focuses on uniting its members, fully implementing the Scientific Outlook on Development, advancing industrial and trade development, and accelerating the transformation of the economic growth model. It builds platforms for government leaders at various levels and industry elites to exchange information and share resources; provides diagnosis, policies, strategies, and plans for the development of Guangdong’s enterprises and industrial and trade sectors; and conducts research on the current state and trends of industrial and trade enterprise development, offering policy recommendations to fully drive the growth of Guangdong’s industrial and trade enterprises. The Association was jointly initiated by Guangdong Jintian Investment Holding Co., Ltd., Bendakang Holding Group Co., Ltd., Guangdong Baiyun University, Guangzhou Zhujiang Wire Factory Co., Ltd., and several other industrial and trade organizations. It now has nearly 500 member units covering industries such as manufacturing, trade, logistics, financing, guarantee, and consulting. The Association will assist the government in adjusting economic and industrial structures to achieve diversified business development models for enterprises; establish a self-regulatory mechanism to avoid vicious competition in new circumstances; facilitate government-enterprise communication to help enterprises avoid detours in their development; actively support enterprises in engaging in international trade to reduce capital input; assist member enterprises in going abroad and exploring international markets; build a publicity platform for enterprises to enhance their goodwill value; create China’s largest high-level forum on industrial and trade enterprise development, actively exercise the role of social organizations, share the government’s concerns, safeguard enterprises’ rights, pursue development for the industry, serve society, and commit to promoting the sustainable development of industrial and trade enterprises in our province; and guide all member enterprises and practitioners to strengthen industry self-discipline, cultivate strong professional ethics, standardize lawful operations, and contribute to the healthy growth of Guangdong’s industrial and trade enterprises. Cooperation Contact Shenzhen Bendakang Cable Co., Ltd. Shenzhen Bendakang Cable Co., Ltd. Founded in 1997, Shenzhen Bendakang Cable Co., Ltd. is the core subsidiary of Bendakang Group, the largest cable manufacturer in Shenzhen—the national capital of science and technology—and one of the leading large-scale wire and cable producers in China. The company's products cover high- and low-voltage wire and cable series ranging up to 500 kV. It is currently the only enterprise in Shenzhen capable of producing ultra-high-voltage cables of 110 kV and above, and also the only local enterprise that can provide one-stop procurement of high- and low-voltage wires and cables up to 500 kV for users. The company is equipped with leading production lines and high-precision testing instruments, with annual capacity ranking among the top in China; it has established nine laboratories with rigorous quality control, and the pass rate in all past market sampling inspections has been 100%. Bendakang has obtained over a hundred national patents, its products have received multiple domestic and international certifications, and it is a high-quality supplier for the State Grid Corporation of China, China Southern Power Grid, large-scale projects, and multinational new energy giants. Bendakang wires and cables have been honored with titles such as "Guangdong Famous Brand Product", "Guangdong Famous Trademark", "Guangdong Well-Known Brand", and "Shenzhen Well-Known Brand". Meanwhile, the company has been recognized as a national-level specialized and sophisticated "Little Giant" enterprise, a national-level "Green Factory", "National High-tech Enterprise", "Guangdong Province Key Enterprise with Through-Train Service", "Shenzhen Top 100 Industrial Enterprises", "Shenzhen Top 100 Quality Enterprises", and received the "Progress Award" in the 3rd Pingshan New District Quality Award evaluation. Its products are popular in 60% of China's provincial-level regions and exported to over 60 countries and regions. Cooperation Contact Xiao Jingsheng 138 2437 1406 Guangzhou Zhujiang Wire and Cable Factory Co., Ltd. Guangzhou Zhujiang Wire and Cable, look for the [Huanshi] trademark! Founded in 1991, Guangzhou Zhujiang Wire and Cable Factory Co., Ltd. is a long-established Guangzhou-based source manufacturer with 35 years of deep cultivation in the wire and cable industry, integrating R&D, production, sales, and service. Its full range of cable products is suitable for municipal power grids, engineering construction, industrial manufacturing, residential decoration, and other scenarios. The company is a National High-tech Enterprise, Guangdong Province Specialized and Sophisticated Small and Medium-sized Enterprise , with a provincial-level environmentally friendly cable engineering technology research center, equipped with two 35 kV dry-crosslinking production lines, and a complete independent R&D and testing system. All series of products have passed the national 3C compulsory certification and ISO quality system certification, with mature processes and stable quality. It has long-term supply relationships with the State Grid Corporation of China, China Southern Power Grid, and various major key projects, and is a highly reputed source cable manufacturer in South China. The company is the earliest original manufacturer in the South China region to hold the "Zhujiang" brand name , and its official genuine brand is labeled under the [Huanshi] trademark. All original products and outer packaging carry the Huanshi logo, ensuring traceable quality, complete qualifications, and guaranteed after-sales service, thereby eliminating the risks of counterfeit or miscellaneous brands. With 35 years of dedicated craftsmanship, the company adheres to a quality-first principle and operates with integrity, implementing standardized production and meticulous management. Leveraging superior products, stable supply, and a strong reputation, Huanshi-brand cables are widely recognized in the market, consistently providing the industry with safe, environmentally friendly, and reliable national-standard cable products. Cooperation Contact Zhang Qiurui 138 2440 5488 Shenzhen Zhirong Financing Guarantee Co., Ltd. Shenzhen Zhirong Financing Guarantee Co., Ltd. , established in March 2011 with a registered capital of 102.8 million yuan, is a company serving construction enterprises, focusing on engineering guarantees as its core business and engaging in guarantee and related risk management consulting. Adhering to the business philosophy of "operating with integrity, managing risks, innovating business, and pursuing sustainable development," it was established under a modern enterprise system, with a risk management philosophy embedded throughout its corporate culture. To date, it has established strategic partnerships with several thousand special-grade, first-grade, and second-grade enterprises nationwide, underwriting numerous key investment projects and infrastructure initiatives for both national and various provincial and municipal governments. The company currently holds credit lines with banks such as China Construction Bank, Industrial and Commercial Bank of China, and Fumin Bank. It possesses a robust risk control evaluation system and a professional operations team dedicated to efficiently and promptly addressing clients' guarantee needs. Continuously adapting to market demands and innovating financial services, the company fully leverages its scientific internal management and risk control mechanisms. Through its professional and resource advantages, it delivers efficient, convenient, and thorough services to meet the growing demand among small and medium-sized enterprises for financing guarantee services, helping outstanding SMEs develop steadily amid intense market competition. It has cumulatively connected with and integrated over fifty public resource trading centers, third-party bidding and procurement platforms, and central state-owned enterprise group bidding platforms. Currently, it is committed to further advancing strategic cooperation on electronic guarantees with numerous public resource trading centers across the country, positioning itself as an outstanding and professional guarantee institution in the development and application of nationwide online electronic guarantees. Cooperation Contact SMM Conference Contact Chen Bo 183 7089 1981 chenbo@smm.cn
Jul 8, 2026 11:19SMM plans to officially launch the Thailand Zamak3 Premium.
PriceJun 18, 2026 17:391. SMM 8μm Lithium Battery Copper Foil premium, cif Korea, $/tonne Methodology 1.1 General Principles of SMM Price Assessment Methodology SMM (hereinafter referred to as SMM) is a completely independent third-party service provider that does not participate in any substantive transactions. Instead, it maintains close communication with buyers or sellers in transactions as a market observer or organizer, and provides relevant services to the market. SMM continuously formulates, reviews, and revises its methodologies through communication with industry insiders, adopting the most common product specifications, trade terms, and trade conditions in the industry. It attaches equal importance to normal transactions that meet the specification standards. SMM reserves the right to exclude any price data information deemed to be of poor reliability or non-representative from its price assessments. SMM publishes daily spot metal prices (or price indices, including those for the Chinese market, markets outside China, and global markets), commonly referred to as SMM prices. For each published SMM price, SMM has established a corresponding methodology (all of which are available for reference on SMM’s official website, www.smm.cn). The methodology specifies the methods and procedures for generating and publishing SMM prices, and SMM strictly adheres to these provisions when producing and releasing SMM prices. To align with the actual conditions of the spot market, SMM may make necessary revisions to its price assessment methodology. Such revisions will be announced on SMM’s official website, www.smm.cn, 28 days prior to their formal implementation. For any questions or suggestions regarding SMM prices or their methodology, please contact SMM customer service (contact information can be found on SMM’s official website, www.smm.cn). This document outlines the standards for establishing SMM 8μm Lithium Battery Copper Foil premium, cif Korea, $/tonne. The purpose of SMM in developing this standard is to establish a transparent and verifiable mechanism for SMM price determination. The SMM Benchmark Management Committee also regularly reviews the methodology and its assessment and publication processes. This committee oversees SMM’s methodology and compilation process, ensuring that the prices or indices reflect, as accurately as possible, the objective conditions of the physical spot market for the relevant commodities. If the committee identifies any issues, it will promptly highlight them and propose external consultation and revisions to the current methodology or processes, thereby enhancing the quality of the prices or indices published by SMM. The committee may only propose modifications to the methodology and procedures used for future price or index assessments it cannot alter already published prices or indices. 2. Formation of SMM 8μm Lithium Battery Copper Foil premium, cif Korea, $/tonne 2.1 Significance of the Price Assessment In recent years, with the implementation of domestic and overseas NEV policies and the rapid expansion of NEV production, copper foil used as the anode carrier in lithium-ion batteries has shown a surge in demand. Meanwhile, the new infrastructure wave represented by 5G, along with rapid developments in artificial intelligence, big data, and automotive electronics, has driven increasing demand for copper foil in related electronic circuit industries. The copper foil industry is also advancing toward higher precision, density, and reliability. As industry capacity rises and develops, and enterprises expand into overseas markets such as South Korea, there is a growing need for a fair and standardized operating environment. Copper foil processing fees, beneficial for long-term risk control and management, play a crucial role in the industry's development. In light of this, SMM will officially launch weekly SMM 8μm Lithium Battery Copper Foil premium, cif Korea, $/tonne starting December 26, 2025, at which time SMM price members will be able to simultaneously access historical prices. 2.2 SMM 8μm Lithium Battery Copper Foil premium, cif Korea, $/tonne Price Assessment Methodology 2.2.1 Product Specifications and Standards Given the wide variety of copper foil specifications, SMM uses the 8μm with the largest market share for copper foil premium assessments. The premium assessment adopts 8μm thickness product width: 700-1,000 mm product type: Power Battery with Ordinary Tensile Strength. KS C 2211-2002 Electrolytic Deposit Copper Foil for Printed Circuits standard. 2.2.2 Price Terms The price is a VAT-excluded CIF price at major ports in Korea based on the premium over LME CSP, with a quotation period of M+0 (M M stands for arrival month), quoted in USD per metric ton. 2.2.3 Payment Terms The price assessment reflects payment terms for cash transactions in the month of the transaction. Reference is made to major international payment methods (including D/P documents against payment, D/A documents against acceptance, T/T telegraphic transfer, etc.). If significant deviations from this standard occur, SMM will consider whether to exclude individual samples based on trade volume. For forward payments or letter of credit payments, SMM will adjust based on prevailing interest rates to align with this standard. 2.2.4 Delivery Time Within 4 weeks. 2.2.5 Reference Transaction Volume Min 25 tonnes. 2.2.6 Delivery Location Major Ports in Korea. 2.2.7 Price Publication Time Weekly, last trading day of the week, by 1pm Seoul time. 2.2.8 Price Format The assessed price are presented as a range, indicating the lowest and highest prices. For example: 8μm Lithium Battery Copper Foil premium, cif Korea, $/tonne range 3,000-4,000 $/tonne, average: 3,500 $/tonne. 2.2.9 Price Collection Method SMM will, in accordance with the price collection confirmation agreement, have price analysts regularly collect price information from copper foil industry price contacts via phone, QQ, WeChat, fax, and email. This price information includes concluded transaction prices, the enterprise's expected most likely pending transaction prices, etc. All instant messaging content, email communications, and any records of face-to-face communications will be archived details of phone communications will be recorded and entered into the database. SMM analysts must comply with the Compliance System when reporting any forced or threatened communications from market participants, or any induced offers attempting to influence the assessment. Once published, SMM will not revise or adjust the price on the same day. 2.2.9.1 Assessment (Calculation) of Published Prices Step-1: The final dataset from the previous chapter, which exists as a processing fee range, is split into several lower limit values and several upper limit values for two different types of enterprise classifications in this methodology version: copper foil producers and downstream end-users. Arithmetic averages are calculated for both sets and rounded to the nearest whole number. Among these: - When both transaction information and offer/counteroffer information are present, the weight of transaction information is set at 60%, and offer/counteroffer information at 40%. - When transaction information, offer/counteroffer information, and other information are all present, the weight of transaction information is set at 50%, offer/counteroffer information at 40%, and other information at 10%. - When only offer/counteroffer information and other information are present, the weight of offer/counteroffer information is set at 90%, and other information at 10%. Step-2: The two price ranges derived from the previous step, which exist as processing fee states, are split into two lower limit values and two upper limit values. Weights are applied, and weighted averages are calculated, then rounded to the nearest whole number. In this methodology version, copper foil producers are weighted at 50%, and downstream enterprises at 50%. Step-3: The relevant calculation coefficients above will be adjusted every six months to ensure timeliness. 2.2.9.2 Data Standardization Although SMM has standardized definitions for our prices, diversity exists in market transactions. The price of each transaction is influenced by numerous factors, including order size, brand of goods, delivery time, payment terms, etc. SMM will comprehensively consider market offers, bids, and transaction information, aligning them with our standards. Each price datum will be electronically recorded or accompanied by written records. All electronic and paper records must be archived by price collection personnel and retained long-term (at least 5 years) in secure network and physical environments. For details, please refer to the SMM Data Retention Policy. 2.2.9.3 Price Assessment Process The specific process is as follows: 2.3 Methodology Changes All markets change, and SMM has a responsibility to ensure that the methodology for market reports evolves with the market. Therefore, SMM will regularly conduct internal reviews of the methodology's appropriateness based on industry feedback. For all substantive but non-urgent potential modifications, SMM will follow a formal external consultation process. Major changes will then be announced with a notice period of at least 28 days, inviting industry comments, unless special circumstances, particularly force majeure (natural disasters, war, exchange bankruptcy, etc.), necessitate a shorter notice period. SMM is committed to carefully considering all comments on proposed methodology changes, but in some cases, it may be necessary to proceed with changes contrary to the wishes of some market participants. Additionally, SMM has a formal methodology consultation process. SMM commits to holding a formal consultation on the methodology every three years. The date of the last consultation and the deadline for the next consultation committed by SMM are located at the top of the methodology document. 2.4 Compliance with SMM Policies All relevant SMM employees must not only comply with the methodology published by SMM but also adhere to SMM's internal standards and policies. These include: SMM Conflict of Interest Policy, SMM Whistleblower Policy, SMM Error Correction Policy, SMM Methodology Review Consultation and Change Policy, SMM Complaints Policy, etc. Welcome more relevant enterprises in the industry chain to participate and support SMM in better serving related enterprises in the copper foil industry chain. For inquiries, please contact: Shanghai Metals Market Copper Research Team, Shanyu Jiang Contact: 021-20707916, +86 15615750662
PriceDec 23, 2025 15:00To better serve industrial clients and more closely align with the market, SMM has added a weekly price for Vietnam 8mm copper cathode rod (CIF) processing fees, which will be officially launched on the SMM website (smm.cn) on December 19, 2025. 1. SMM 8mm Copper Cathode Rod Premium, CIF Vietnam, USD/tonne Methodology 1.1 SMM Price Assessment Methodology General Provisions Shanghai Metals Market (SMM) is a fully independent third-party service organization that does not participate in any actual transactions. Instead, it maintains close communication with buyers or sellers in the market as an observer or organizer and provides relevant services to the market. SMM continuously develops, reviews, and revises its methodology through communication with industry professionals, adopting the most common product specifications, trade terms, and trade conditions in the industry. Equal importance is given to normal transactions that meet the standard specifications. SMM reserves the right to exclude any price information deemed less reliable or unrepresentative from its price assessments. SMM publishes daily spot metal prices (or price indices, including those for the Chinese market, markets outside China, and global markets), commonly referred to as SMM prices. For each published SMM price, a corresponding methodology is established (all of which are available for reference on SMM’s official website, www.smm.cn). The methodology specifies the methods and procedures for generating and publishing SMM prices, and SMM strictly adheres to these guidelines when producing and releasing SMM prices. To align with the actual conditions of the spot market, SMM will make necessary revisions to the SMM price assessment methodology and announce these revisions on the official website www.smm.cn 28 days before their formal implementation. If you have any questions or suggestions regarding SMM prices or the methodology, please contact SMM customer service (contact information can be found on the official website www.smm.cn ). This document specifies the standards for formulating the weekly RC for 8mm Copper Cathode Rod Premium, CIF Vietnam, USD/tonne. The purpose of establishing this standard by SMM is to create a transparent and verifiable mechanism for SMM price formation. The SMM Benchmark Management Committee also regularly reviews the methodology and its assessment and publication processes. This committee oversees SMM’s methodology and compilation procedures, ensuring that the prices or indices accurately reflect the objective conditions of the physical spot market for the relevant commodities. If the committee identifies any issues, it will promptly highlight them and propose external consultation and revisions to the ongoing methodology or processes, thereby improving the quality of SMM’s published prices or indices. The committee may only propose modifications to the methodology and procedures used for future price or index assessments it cannot alter already published prices or indices. 2. Formation of Processing Fees for 8mm Copper Cathode Rod Premium, CIF Vietnam, USD/tonne. 2.1 Significance of the Price Assessment Against the backdrop of global economic integration, Vietnam is emerging as a significant driver of economic growth in Southeast Asia. On one hand, the accelerated investment in power infrastructure expansion, along with the increase in power transmission line and substation projects, has led to a surge in demand for copper rod as a core raw material. On the other hand, industrial upgrades are driving the rapid development of the electronics manufacturing sector, with numerous component and home appliance enterprises establishing operations, leading to a continuous expansion in demand for high-precision 8mm copper rod, and overall market demand is steadily rising. Under the Belt and Road cooperation framework, economic and trade ties between China and Vietnam are becoming increasingly close. Logistics channels such as cross-border railways and highways are continuously being optimized, making transportation more efficient. The implementation of policies such as tariff reductions further lowers trade costs and improves efficiency, laying a solid foundation for the expansion of the China-Vietnam copper rod trade scale. In light of this, SMM will officially launch the weekly price assessment for 8mm Copper Cathode Rod Premium, CIF Vietnam, USD/tonne starting December 19, 2025. SMM price members will be able to simultaneously access historical prices from that date. 2.2 SMM 8mm Copper Cathode Rod Premium, CIF Vietnam, USD/tonne Price Assessment Methodology 2.2.1 Product Specifications and Standards Product standards are BS EN 1997:2013 Copper and copper alloys. Copper drawing stock (wire rod)、ASTM B49-20 Standard Specification for Copper Rod for Electrical Purposes, product specifications are 8mm copper cathode rod (T1, T2), oxygen content greater than 20ppm. 2.2.2 Price Terms CIF Vietnam, Copper Cathode Rod Premium top on LME CSP, QP M+1(M stands for arrival month) 2.2.3 Payment Terms Cash, other terms normalized. Reference is made to major international payment methods (including D/P, D/A, T/T, etc.). If transactions significantly deviate from this standard, SMM will consider excluding individual samples based on trade volume. For deferred payments or letters of credit, SMM will adjust them according to the prevailing interest rate at the time to align with this standard. 2.2.4 Delivery Time Within 4 weeks. 2.2.5 Reference Transaction Volume Min 200 tones. 2.2.6 Delivery Location Main Ports of Vietnam 2.2.7 Price Release Time Every Friday at 11:30 AM Vietnam Time (except on Chinese statutory holidays and weekends). 2.2.8 Processing Fee Format Reported processing fees are provided as a range, indicating the lowest and highest prices. For example: 8mm Copper Cathode Rod Premium, CIF Vietnam, USD/tonne range $250-270/tonne, average: $260/tonne. 2.2.9 Price Collection Methodology SMM will, in accordance with the price collection confirmation agreement, have price analysts regularly collect price information from copper foil industry price contacts via phone, QQ, WeChat, fax, and email. This price information includes concluded transaction prices, the enterprise's expected most likely pending transaction prices, etc. All instant messaging content, email communications, and any records of face-to-face communications will be archived details of phone communications will be recorded and entered into the database. SMM analysts must comply with the Compliance System when reporting any forced or threatened communications from market participants, or any induced offers attempting to influence the assessment. Once published, SMM will not revise or adjust the price on the same day. 2.2.10 Standardization of Data Although SMM has standardized definitions for our prices, diversity exists in market transactions. The price of each transaction is influenced by numerous factors, including order size, brand of goods, delivery time, payment terms, etc. SMM will comprehensively consider market offers, bids, and transaction information, aligning them with our standards. Each price datum will be electronically recorded or accompanied by written records. All electronic and paper records must be archived by price collection personnel and retained long-term (at least 5 years) in secure network and physical environments. For details, please refer to the SMM Data Retention Policy. 2.2.11 Price Assessment Process The specific process is as follows: 2.3 Methodology Changes All markets change, and SMM has a responsibility to ensure that the methodology for market reports evolves with the market. Therefore, SMM will regularly conduct internal reviews of the methodology's appropriateness based on industry feedback. For all substantive but non-urgent potential modifications, SMM will follow a formal external consultation process. Major changes will then be announced with a notice period of at least 28 days, inviting industry comments, unless special circumstances, particularly force majeure (natural disasters, war, exchange bankruptcy, etc.), necessitate a shorter notice period. SMM is committed to carefully considering all comments on proposed methodology changes, but in some cases, it may be necessary to proceed with changes contrary to the wishes of some market participants. Additionally, SMM has a formal methodology consultation process. SMM commits to holding a formal consultation on the methodology every three years. The date of the last consultation and the deadline for the next consultation committed by SMM are located at the top of the methodology document. 2.4 Compliance with SMM Policies All relevant SMM employees must not only comply with the methodology published by SMM but also adhere to SMM's internal standards and policies. These include: SMM Conflict of Interest Policy, SMM Whistleblower Policy, SMM Error Correction Policy, SMM Methodology Review Consultation and Change Policy, SMM Complaints Policy, etc. Welcome more relevant enterprises in the industry chain to participate and support SMM in better serving related enterprises in the Copper Cathode Rod industry chain. For inquiries, please contact: Shanghai Metals Market Copper Research Team, Xinyang Wang Contact: 021-20707846, +86 15762822325
PriceDec 11, 2025 15:29