Top News on China Non-Ferrous markets

Copper prices in China fell before rebounding during the reporting period (June 8-12), with the weekly average lower week on week. Macro headwinds weighed heavily on the market. The U.S.-Iran geopolitical situation remained uncertain, causing sentiment to swing. Meanwhile, U.S. May CPI rose by 4.2%

On June 15, copper prices continued strongly growing in futures and spot markets. With the United States and Iran reaching a temporary agreement and the Strait of Hormuz set to reopen, energy prices have fallen sharply. Market concerns over inflation have gradually diminished, leading to a broadly p

SHFE zinc surged on June 15, primarily driven by progress in US–Iran peace talks, which eased the geopolitical risk premium, revived risk-on sentiment, and triggered capital inflows into the base metals complex, lifting SHFE zinc price, while additional support came from tightening refined zinc supp

On June 15, tin prices rose, supported by hopes that a resolution to the U.S.-Iran geopolitical conflict could ease inflation and improve global trade. In the spot market, the higher prices led to poor sales by smelters and traders. Only a small number of downstream buyers made essential purchases,

China's National Development and Reform Commission (NDRC) and four other government departments have set a 2028 deadline for steel and aluminum producers to meet new energy efficiency standards, as part of a broader three-year action plan to decarbonize nine heavy industries.

On the supply side, the tightness stemming from delayed arrivals of raw materials provided only limited support, which was insufficient to offset the downward pressure. The Co3O4 market remained stagnant, with offers unchanged but no actual transactions concluded. Downstream lithium cobalt oxide pro

SHFE zinc edged up slightly on June 12, while downstream buying interest remained tepid. Overall, tightening supply coupled with declining profits from smelting by-products provided support for zinc prices. However, weak downstream consumption and persistently high inventory levels continue to cap t

On June 12, copper prices grew in futures and spot markets, as the U.S. and Iran have reached a peace agreement on the Middle East conflict, alleviating market concerns over accelerating inflation and slowing economic growth.   Amid rebounding copper prices, refined copper trading in China dropped o

Indonesian officials signaled that nickel ore quotas could be increased, loosening earlier expectations of supply contraction in the forward period. The strong earthquake in the Philippines caused short-term disruptions to shipping, but the actual impact was limited. For nickel intermediates, high s

On June 12, tin prices rebounded. In terms of market trading, smelters and traders adjusted their offer prices in line with the futures market, but sales were generally mediocre. Only a few downstream enterprises made purchases to meet rigid demand, with buying interest and trading volumes declining