According to the latest customs data, China exported a total of 6.7066 million mt of galvanized steel sheet during January–June 2026, down 3.13% YoY, while imports totaled 327,500 mt, a 14.78% YoY decline. Overall, although exports softened compared with the same period last year, the decline remained relatively limited, demonstrating the resilience of China's galvanized steel sheet exports.

[SMM Analysis: 2026 H1 Galvanized Sheet Import and Export Review and H2 Outlook] According to customs data, from January to June 2026, China's cumulative exports of galvanized sheet reached 6.7066 million mt, down 3.13% YoY; cumulative imports reached 327,500 mt, down 14.78% YoY. Overall, although China's galvanized sheet exports in H1 pulled back compared to the same period last year, the decline was relatively limited...

According to the latest data from the General Administration of Customs, China imported 210,900 mt in physical content of copper scrap and shredded copper scrap in June 2026.......

Macro signals were mixed this week. Middle East tensions and inflation-rate hike fears pressured metals, while geopolitical safe-haven demand and trade frictions lent support. High dollar and yields kept flows cautious, with precious metals consolidating and no clear trend emerging.

[SMM Silver Weekly Review: Silver V-Shaped Rebound This Week with 8.47% Weekly Gain; Double Bottom Pattern Emerges, Awaiting Breakout] Silver prices fell first and then rose this week, recording a weekly gain of 8.47%. The US Fed's hawkish remarks and geopolitical conflicts once weighed on silver prices, before ceasefire expectations and technical repair drove a rebound. Spot premiums held steady at parity, with thin trading. On the inventory front, total social inventory destocked by 84 mt, and ETF open interest edged up. Technically, a double bottom pattern initially emerges, with attention on a neckline breakout at $63/oz. For next week, the SGE range is seen at 13,300-15,800 yuan/kg, and LBMA at $55-65/oz.

Platinum prices consolidated at highs today as Trump planned to impose new tariff policies on dozens of countries globally, sustaining long-standing trade friction uncertainty and keeping market sentiment torn. During the morning session, the most-traded GFEX platinum contract PT2610 closed at 413.4 yuan/g, edging down 0.10%. The inverted spread between the best ask price of SGE platinum 9995 and GFEX PT2610 held around 1 yuan/g. In the spot market, mainstream quotations for platinum ranged from a discount of 1 yuan/g to a premium of 0.5 yuan/g against the PT2608 contract. The premium in mainstream quotations was basically flat from the previous trading day. Suppliers' warehouse warrant quotations were mainly at parity or slight premiums to the GFEX most-traded contract. Spot transactions leaned toward small discounts. Some traders, attracted by inter-contract spread opportunities, inquired about taking warrants. Downstream buyers negotiated purchases based on orders, with a heavy wait-and-see sentiment. Overall, spot platinum consumption was still muted today.