[SMM News Flash] According to reports, the casting machine line of the refined aluminum and high-purity aluminum project of Yulin New Materials Group, under Shaanxi Nonferrous Metals Group, successfully completed hot load testing and produced 20 mt of refined aluminum ingot, marking that the project now has full-process production capability from refined aluminum purification to casting and forming, and has taken a key step toward trial production and operation.

[SMM News Flash] According to reports, based on its operational and strategic development needs, Lizhong Group's second-tier wholly owned subsidiary, Hebei New Lizhong Nonferrous Metals Group Co., Ltd., has established a third-tier wholly owned subsidiary in Thailand. The new company in Thailand will mainly engage in the production and sales of cast aluminum alloy ingot/liquid and other businesses. Lizhong Group stated that, as a core automobile manufacturing and export hub in Southeast Asia, Thailand's ongoing electrification transition continues to drive growth in demand for lightweight materials, with significant location and trade advantages. After the project is put into operation, it will further optimize the company's global security system for secondary aluminum raw material, impro

SMM News, March 27: The most-traded SHFE lead 2605 contract opened at 16,390 yuan/mt during the day. Boosted by broad-based gains across nonferrous metals, the price continued to fluctuate upward, hitting a high of 16,570 yuan/mt before pulling back somewhat. It then consolidated narrowly in the 16,520-16,555 yuan/mt range and finally closed at 16,555 yuan/mt, posting a small bullish candlestick, up 95 yuan/mt, or 0.58%. On the supply side, deliverable primary lead inventory for primary lead fell MoM, and reduced circulating cargo supported premiums in quotations; secondary lead smelters mostly held strong wait-and-see sentiment, with few spot quotes, while limited cargo was quoted at slight premiums. On the demand side, downstream purchasing sentiment was mixed, with both wait-and-see sentiment and purchasing as needed, and transactions were average. As the resumption of production at secondary lead smelters accelerates, expectations for increased spot secondary lead supply are strong, but downstream purchases for rigid demand remain limited, and lead prices are expected to remain in the doldrums. Data source disclaimer: Except for publicly available information, all other data is processed and derived by SMM based on public information, market communication, and SMM's internal database models, and is for reference only and does not constitute decision-making advice.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 27 Mar , 2026

SMM March 27 News: According to an official announcement from Baiyin Nonferrous Group Co., Ltd., the company plans to sell 33 tons of crude selenium through a bidding process, where participants will bid on the premium/discount price. The floor premium is set at RMB 5,000/ton. The bidding will proceed only if at least three companies register. The registration deadline is 5:00 PM on March 30, 2026, and the bidding will begin at 3:00 PM on March 31, 2026. Given that recent crude selenium bidding tenders have seen strong transaction prices, market participants expect the outcome of this premium bidding to be noteworthy.

SMM News, March 27: According to official information from Baiyin Nonferrous Group Co., Ltd., Baiyin Nonferrous Group plans to sell 33 mt of crude selenium, with pricing to be determined through bidding on premiums. The floor premium is 5,000 yuan/mt. This project requires three registered participants for the auction to proceed normally. The registration deadline is 17:00 on March 30, 2026. Bidding will begin at 15:00 on March 31, 2026. As recent market transaction conditions for crude selenium tenders have been favorable, with relatively high transaction prices, market participants expect the results of this premium auction to be worth looking forward to.

SMM March 27 News: According to SMM, Baiyin Nonferrous Group's Northwest Lead-Zinc Smelter has launched an open bidding sale for approximately 100 tons of crude cadmium. According to official sources, the bidding floor price is set at a discount of RMB 1,000/ton against the SMM average price, with the highest bidder winning the auction. The bidding will proceed only if at least three companies register. The registration deadline is 5:00 PM on March 30, 2026, and the bidding will begin at 10:00 AM on March 31, 2026. Market participants noted that as cadmium prices have shown an upward trend recently, this bidding event is worth close attention. To some extent, it will reflect the strength of market demand and serve as a reference for whether cadmium prices can steadily rise.

SMM, March 27: According to SMM, the Northwest Lead and Zinc Smelter of Baiyin Nonferrous Group Co., Ltd. planned to conduct a public tender sale of about 100 mt of crude cadmium under its operations. According to the official announcement, the bidding floor price was set at a discount of 1,000 yuan/mt to the average price on SMM, and the highest bidder would win after the auction. This project required at least three registrants for the auction to proceed normally. The registration deadline was 17:00 on March 30, 2026, and bidding would begin at 10:00 on March 31, 2026. Market participants said that, as cadmium prices had recently shown an upward trend, this tender was also well worth watching. To a certain extent, it could reflect the strength of market demand and provide some reference as to whether cadmium prices could continue to rise steadily.

[SMM Tin Midday Commentary: As Expectations for a Temporary Easing of the Macro Situation Fade, SHFE Tin Contracts Come Under Pressure Again]

SMM, March 25: During the day, the most-traded SHFE lead 2605 contract opened at 16,495 yuan/mt. After the opening, driven by broad gains across the nonferrous metals complex, prices quickly surged to an intraday high of 16,590 yuan/mt, then fluctuated lower, giving back part of the gains and moving slightly around the daily average line. Near the close, the SHFE lead price center edged higher, fluctuating rangebound within the 16,488-16,542 yuan/mt range, while the tug-of-war between longs and shorts eased. It finally closed at 16,495 yuan/mt. A small bullish candlestick was recorded, up 75 yuan/mt, or 0.46%. Primary lead suppliers held prices firm, and premiums in Jiangsu, Zhejiang, Shanghai were raised slightly. Coupled with tight circulating supply caused by maintenance at some secondary lead enterprises, this supported lead prices. Downstream buyers mainly purchased as needed. As secondary lead prices inverted against primary lead prices, spot orders showed a stronger preference for primary lead. Overall, spot support remained strong, providing downside support for lead prices, but with more downstream bargaining and a lack of strong upward momentum, prices are expected to remain rangebound in the short term. Data source disclaimer: Except for public information, all other data is processed and derived by SMM based on public information, market communication, and SMM's internal database models, and is for reference only and does not constitute decision-making advice.