The CPCA released the latest data showing that from July 1 to 26, retail sales in the national new energy passenger vehicle market reached 738,000 units, down 2% from the same period in July last year and down 10% MoM. This year, cumulative retail sales have reached 5.443 million units, a YoY decline of 13%.

On July 29, SMM battery-grade nickel sulphate average price remained stable.

According to the latest data from China's General Administration of Customs, China's cumulative exports of aluminum foil (HS code 7607-series) reached 683,200 mt in January-June 2026, with a total export value of approximately $1.479 billion. Among them, June exports hit 131,000 mt, marking the H1 peak, up 9.70% MoM and 24% YoY.

[SMM Analysis: "Export Boom" Pulse Peaks, SHFE/LME Price Ratio Recovery Pressures H2 Aluminum Foil Exports] According to the latest data from China's General Administration of Customs, in H1 2026, China's cumulative exports of aluminum foil (HS Code 7607-series) reached 683,200 mt, with a cumulative export value of about $1.479 billion. June exports alone hit 131,000 mt, a peak for H1, up 9.70% MoM and 24% YoY. The sharp surge in June exports was mainly driven by overseas clients locking in export orders earlier when the SHFE/LME price ratio was still widening, boosting shipments for the month.

As of now, the FOB price of Indonesian MHP nickel is $15,435/mt Ni, and that of Indonesian MHP cobalt is $49,252/mt Co. MHP payables (against SMM battery-grade nickel sulphate index) were 85.5-86.5, and the MHP cobalt payable (against SMM refined cobalt (Rotterdam warehouse)) was 93. The FOB price of Indonesian high-grade nickel matte is $15,820/mt Ni.

[SMM Tin Morning Brief: Dense Macro Event Window, Low Inventory Support Pattern Unchanged]

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.......

As of now, the FOB price of Indonesian MHP nickel is $15,347/mt Ni, and the FOB price of Indonesian MHP cobalt is $49,252/mt Co. The MHP payables (against the SMM battery-grade nickel sulphate index) are 85.5-86.5, and the MHP cobalt payable indicator (against SMM refined cobalt (Rotterdam warehouse)) is 93. The FOB price of Indonesian high-grade nickel matte is $15,730/mt Ni.

On July 23, the SMM battery-grade nickel sulphate average price rose.

As of now, the FOB price of Indonesian MHP nickel is $15,259/mt Ni, the FOB price of Indonesian MHP cobalt is $49,340/mt Co. MHP payables (against SMM battery-grade nickel sulphate index) are 84.5-85.5, MHP cobalt payables (against SMM refined cobalt (Rotterdam warehouse)) are 93. The FOB price of Indonesian high-grade nickel matte is $15,569/mt Ni.