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China’s vehicle output, sales dip in Apr

2018-05-15 10:10:31

SHANGHAI, May 11 (SMM) – Both production and sales of vehicles in China saw month-on-month declines in April but maintained their stable year-on-year increases, according to data from the China Association of Automobile Manufacturers (CAAM). China’s vehicle sales reached 2.32 million units in April, ...
Chile, Peru, Zambia raise copper ore output target

2018-05-14 14:48:19

SHANGHAI, May 11 (SMM) – Major copper ore producing countries including Chile, Peru and Zambia have raised their output forecast by 700,000 mt this year following higher production registered in the first quarter. In 2017, the total output of these three countries accounted for 44.3% of global ...
Zinc inventory continues decline with fewer deliveries

2018-05-14 14:47:52

SHANGHAI, May 11 (SMM) – Zinc inventories in China continued to decline as of Friday May 11 as deliveries arriving warehouses across Shanghai, Guangdong and Tianjin from smelters dwindled due to maintenance works at smelters in May, SMM believed. China's zinc inventories in warehouses across ...
Weekend stockpiling spurs trading in China’s aluminium spot market

2018-05-08 09:46:30

SHANGHAI, May 4 (SMM) – Aluminium spot trading across east and south China was brisk on the morning of Friday May 4 as downstream consumers stockpiled for the upcoming weekend, SMM learned. The SHFE 1805 contract closed 40 yuan/mt higher at 14,530 yuan/mt in the morning session. For cargoes with May ...
Photovoltaic industry, tight tin ore supply to buoy tin prices

2018-05-08 09:23:58

SHANGHAI, May 4 (SMM) – High downstream demand for tin-related products in the emerging photovoltaic (PV) field and a tight global supply of tin ore are likely to buoy tin prices, SMM believes. The SHFE tin 1809 contract surged above all moving averages on the night of May 3 as investors added their ...
Copper concentrate TCs inch up as smelters slow down buying

2018-05-08 09:23:38

SHANGHAI, May 4 (SMM) – SMM assessed imported clean copper concentrate treatment charges (TCs) at $71-78/mt on Friday May 4, with the average up $0.5/mt from a week ago. Smelters slowed down stockpiling this week as most have procured sufficient cargoes for the second quarter, SMM learned.
Nickel Prices and Nickel Price Charts

2018-05-07 17:31:06

Nickel (Ni) is a transition element that exhibits a mixture of ferrous and nonferrous metal properties. It is both siderophile (i.e., associates with iron) and chalcophile (i.e., associates with sulfur). The bulk of the nickel mined comes from two types of ore deposits: laterites where the principal ...
Mixed trading in China's aluminium spot market after VAT cut

2018-05-04 09:15:44

SHANGHAI, May 2 (SMM) – China’s aluminium spot market saw mixed trading on Wednesday May 2, after the value-added tax (VAT) cut took effect on May 1, with weak trades in east China but relatively active trades in the south, SMM learned. The SHFE aluminium 1805 contract came off from a high of 14,415 ...
Weak demand weighs on copper spot offers in Shanghai

2018-05-04 09:15:24

SHANGHAI, May 2 (SMM) – Weak demand and the new, lower value-added tax (VAT) weighed down spot copper offers in Shanghai on Wednesday April 2. Spot copper with invoices for May was mostly offered at a discount of 50 yuan/mt to a premium of 20 yuan/mt over the SHFE 1805 contract. Prices fell in both ...
Steel PMI hit one-year high, SMM survey shows

2018-05-03 09:24:04

SHANGHAI, Apr 30 (SMM) – SMM’s purchasing managers’ index (PMI) for the steel industry stood at 56.23 in April after seasonal adjustment, the highest level over the past year. The reading rose 5.09 points from that of March, and gained 6.14 from April last year. Production in downstream industries ...

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