Shanghai Metals Market

The push and pull of central bank gold: China buys 5 tonnes and Turkey monetizes 118 tonnes in March

Central bank gold demand continues to play an important role in the marketplace as prices have managed to hold critical long-term support, and China remains a dominant player in the sector.
Shanghai Metals Market

‘Gold will become the primary alternative’ to the U.S. dollar, price still headed above $6,000/oz – Gabelli’s Mancini

The war in Iran and the ramping up of defense spending in Europe as well as the U.S. are contributing to a strong bullish setup for gold prices in the medium term, and $6,000 gold is still on the ...
Shanghai Metals Market

‘Shift from dollar reserves to gold is not a prediction but a trend’, BRICS+ demand could drive whole gold market - EBC

BRICS+ nations now hold 17.4% of global gold reserves, up from 11.2% in 2019, while the dollar’s share of global reserves fell to its lowest level since 1994 – and one BRICS member could well buy as ...
Shanghai Metals Market

Gold’s demand drivers 'should once again reassert themselves’ after Iran war shock fades – Merrill’s Avioli

While high yields, dollar strength and profit-taking are combining to create headwinds for gold in the near term, none of the structural factors that pushed the yellow metal well above $5,000 per ...
Shanghai Metals Market

[SMM Chrome Daily Review] Market Ran Steadily After the Holiday, Demand Remained Subdued and Trading Was Slightly Mediocre

Market Operated Steadily after the Holiday, Demand Remained Subdued and Transactions Were Slightly Mediocre] April 7, 2026: The ferrochrome and chrome ore market saw limited ...
Shanghai Metals Market

Weak Demand, ADC12 Spot Cargo Continued to Decline [SMM Cast Aluminum Alloy Morning Comment]

Weak Demand, ADC12 Spot Continued to Weaken] Spot side, the ADC12 market continued in the doldrums yesterday. Affected by aluminum prices being in the doldrums and poor demand-side performance, market ...
Shanghai Metals Market

BRICS Plus countries increase gold reserves to more than 6 000 t

Members of the BRICS Plus trade bloc now hold over 6 000 t of gold, representing about 17.4% of total global central bank reserves, up from 11.2% in 2019, financial services group EBC Financial Group ...
Shanghai Metals Market

Chinese Gold Demand: A Tale of Two Sectors

The Chinese gold market is a tale of two sectors. The jewelry sector is struggling due to high prices, while gold investment has been red-hot.
Shanghai Metals Market

LME Lead Explored Highs Before Pulling Back to Close Higher, SHFE Lead Recovered from Previous Daytime Session's Decline and Held Up Well [SMM Lead Morning Brief]

Overnight, LME lead opened at $1,930.5/mt. During the Asian session, prices briefly fluctuated upward before pulling back under pressure, dipping to around $1,924.5/mt, then rebounded slightly before ...
Shanghai Metals Market

Ceasefire Unlikely to Resolve Supply Shortcomings, Aluminum Prices Remain Supported at High Levels [SMM Aluminum Morning Meeting Minutes]

Ceasefire Unlikely to Resolve Supply Weakness; Aluminum Prices Retain Strong Support at High Levels] Overall, the two-week ceasefire news was unable to reverse the firm pattern underpinned by ...
Shanghai Metals Market

Holiday Factors Led to Slight Inventory Buildup of Lead Ingot Social Inventory Across Five Regions, Downstream Demand-Side Restocking Willingness Remained Subdued [SMM Lead ...

Inventory side, as of April 7, LME lead inventory decreased by 225 mt to 281,425 mt; SMM five-region lead ingot social inventory rebounded slightly.
Shanghai Metals Market

The Most-Traded SHFE Tin Contract Retreated After Rapid Rise Following a Higher Opening in the Night Session, and the Spot Market Performance Was Mediocre [SMM Tin Morning Brief]

The Most-Traded SHFE Tin Contract Opened Higher in the Night Session Before Retreating After Rapid Rise; Spot Market Performance Was Mediocre] ...