Metal2h
China’s Shenzhen city has 1.08 million new energy vehicles running on roads by June 2024
Shanghai (Gasgoo)- As of June 2024, China ' s megacity Shenzhen has had approximately 4.263 million motor vehicles running on roads, of which 1.08 million are new energy vehicles (NEVs), representing ...
Metal2h
Gasgoo Daily: YANGWANG adds 17 authorized after-sales service stores
On July 19, Chery's EXEED brand officially kicked off pre-sale of the 2025 revamped all electric sedan, the STERRA ES. The refreshed model is available in five variants, with the international edition ...
Metal12h
SMM Analysis: Copper Smelters Face Diverging Strategies of Production Cuts and Expansions
Chinese copper smelters are sharply divided between those planning production cuts due to unfavorable market conditions and ...
Metal4h
The inventory of aluminum billets has changed, processing fees in three locations are almost the same
Due to the further decline in prices, last week's aluminum billet pick-up from warehouses rebounded slightly, increasing by 4,200 mt WoW to 42,400 mt.
Metal4h
Demand for lump was weak, four major types of iron ore continued to diverge
Due to the current high pig iron output and a certain restocking demand by steel mills, the stocks of fines, iron ore concentrates, and pellets all showed a decline. However, as the profits of steel ...
Metal4h
Alumina: Back-and-forth negotiations between upstream and downstream are at a stalemate, and the price trend awaits further guidance from fundamentals
As of July 18, the FOB Western Australia alumina price was $479/mt, with ocean freight at $28.05/mt. The USD/CNY exchange rate was around 7.28, making the equivalent CIF major ports in China price ...
Metal4h
Aluminum: Social inventory of aluminum ingots increased to a new high in H2, further suppressing spot and futures prices
On July 18, 2024, the SMM survey reported a total social inventory of aluminum ingots at 797,000 mt, (the amount for sale stood at 671,000 mt), up 8,000 mt from July 11 and up 10,000 mt from July 15.
Metal4h
As domestic aluminum prices fell from highs in June, the supply of domestic aluminum billets showed differences between the north and south
As domestic aluminum prices fell from highs in June, the domestic aluminum billet industry has some relief.
Metal4h
As port arrivals increased significantly, iron ore inventory at the 35 ports continued to accumulate
According to SMM, port arrivals stayed relatively high with a noticeable increase this week. Blast furnace pig iron output declined slightly. As the current profits remained under pressure, steel ...
Metal3h
MMi Daily Iron Ore Report (July 19 )
On February 26, the average price of SMM8-12% high nickel pig iron was 945 yuan/nickel point (ex-factory tax included), which was 5 yuan/nickel point higher than the previous working day.
Metal4h
Chery’s Tiggo 8L kicks off pre-sale from 147,700 yuan
On July 17, Chery officially commenced pre-sale of its new flagship model in the Tiggo family, the Tiggo 8L, with a starting price of 147,700 yuan. Beijing (Gasgoo)- On July 17, Chery officially ...
Metal4h
Aluminum prices to fall due to cautious macro environment and poor demand
This week, macro front was significantly impacted by the US Fed's interest rate cut expectations. Early in the week, as US inflation pressures eased and US Fed officials expressed intention, market ...