News

Crude oil fell for two consecutive days, and overnight London nickel plummeted by 3.47%. The latest closing price was $20,880, a decrease of $750 compared to the previous trading session, representing a decline of 3.47%. The trading volume was 2,587 contracts, which is 61 contracts less than the previous volume. The open interest decreased by […]

The significant drop in US June CPI boosts market sentiment, overnight LME zinc rose by 2.23%. Tightened supply due to maintenance impact on zinc ingot production, coupled with marginal improvement in downstream demand, is expected to lead to a rise in spot zinc prices today. Overnight, LME zinc rose with an opening price of $2,365.5

The significant decline in the US dollar benefits metals, with overnight London aluminum continuing to rise by 0.67%. The fundamentals of Shanghai aluminum have weakened, and spot consumption has also weakened. Aluminum ingot social inventories have accumulated recently, but there is low inventory support below. Today, aluminum may stabilize. The significant decline in the US

Concerns over strong US labor data stimulating interest rate hikes, as overnight copper in London continued to fall by 0.55%, reaching a one-week low. Increased supply pressure due to stockpiling of copper concentrate in Indonesia has led to a significant reduction in domestic premiums, indicating an expected decline in copper prices today. The sharp decline

Today, London aluminum experienced a downward probe, with the LME three-month price reported at $2,149 per ton at 15:01 Beijing time, down $21 from the previous trading day’s settlement price, a decrease of 0.99%. Today, the Shanghai Aluminum main contract for August 2023, opened at CNY 17,975 per ton. It reached a high of CNY

Inflation Cools Down, US Stocks Rise Together; Zinc Prices Increase by 2.20% Over the Week; Declining Industrial Chain Profits and Seasonal Maintenance, Domestic Refinery Supply Contracts, Downstream Demand Cushions Decline with Restocking at Lower Levels; Zinc is Expected to Rise Today. Over the week, London Zinc experienced volatile upward movement. It opened at $2,345 per

Futures Market: With the US dollar declining for two consecutive days, overnight London nickel prices rose by 2.28%. The latest closing price was 20,030, a decrease of $810 or 3.89% compared to the previous trading session. The trading volume was 3,643 lots, an increase of 5 lots compared to the previous trading session, and the

Scrap steel refers to the steel waste generated during the production process of steel mills, such as trimmings, offcuts, and discarded equipment or components containing steel. Scrap steel refers to materials that contain steel, while scrap iron refers to materials that contain pig iron. Together, they are commonly referred to as scrap steel. The annual

The nickel content in stainless steel 304 is approximately around 10%, specifically ranging from 8% to 10.5%. Stainless steel 304 is widely used due to its nickel-chromium content. It possesses the following characteristics: corrosion resistance, oxidation resistance, ease of fabrication, prevention of product contamination, attractive appearance, ease of cleaning, high strength-to-weight ratio, and good strength

When we use colored stainless steel screens, there is a problem that bothers us. Is the stainless steel screen in the end will not fade. With proper daily maintenance, colored stainless steel screens will not fade after decades of use. Let me talk about several reasons for the fading of stainless steel color screens today.