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Wu'an steelmakers see output cut on air pollution woes

2018-04-10 10:17:34

SHANGHAI, Apr 9 (SMM) – Steel mills in Wu’an city of Hebei province continued to see their operations restricted on environmental concerns, SMM learned. While Wenan Steel and Xinjin Steel were required to relocate, 10 other steelmakers were asked to cut output by 50%. Wenfeng Steel saw two of its ...
SMM Morning Comments (Apr 9)

2018-04-10 10:16:56

SHANGHAI, Apr 9 (SMM) – Copper: LME copper rebounded to a high of $6,870/mt last Friday due to a weaker US dollar. In the short term, the upward trend for copper prices will face resistance as a China-US trade war continues to brew. We see LME copper trading at $6,740-6,800/mt with the SHFE 1805 ...
Snapshot: Tin spot market in Shanghai

2018-04-10 09:04:48

SHANGHAI, Apr 9 (SMM) – Trading in the tin spot market in Shanghai was flat with prices mostly at 143,500-145,000 yuan/mt on Monday April 9. Products from Yunnan Tin were trading at a premium of 300 yuan/mt against the SHFE 1805 contract with prices between 144,500-145,000 yuan/mt. Other brands from ...
SMM Evening Comments (Apr 9)

2018-04-10 09:02:59

SHANGHAI, Apr 9 (SMM) – Nonferrous metals saw mixed trading on Monday April 9. SHFE aluminium rebounded and closed nearly 1.4% higher. Copper inched up, while zinc fell over 1% and nickel dipped almost 1%. Lead and tin were slightly down. In the ferrous market, hot-rolled coil gained nearly 2% and ...
Lithium carbonate price sees support from plant maintenance

2018-04-09 09:28:22

SHANGHAI, Apr 8 (SMM) – A listed lithium smelter in south-west China's Sichuan province shut down its production for maintenance at the end of March, sources told SMM. This is likely to affect 800 mt of lithium carbonate supply and may offer some support for the decreasing prices, according to SMM’s ...
Aluminium inventory inches down as downstream stockpiles

2018-04-09 09:27:41

SHANGHAI, Apr 8 (SMM) – China's inventory of refined aluminium including SHFE warrants stood at 2.227 million mt as of Sunday April 8, according to SMM data. This was down from 2.231 million mt on Wednesday April 4. Details are as follows: Wuxi, Jiangsu – 892,000 mt Shanghai – 444,000 mt Nanhai, ...
Pollution woes hamper operation recovery at north China steel mills

2018-04-09 09:19:13

SHANGHAI, Apr 3 (SMM) – Excessive pollution and governmental pressure hampered operation recovery across steel mills in north China as the heating season ended on March 15, SMM research found. In Tangshan, some mills that provided heating supplies continued to operate throughout winter and will only ...
Macro Roundup (Apr 4)

2018-04-09 09:18:51

SHANGHAI, Apr 4 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today. Last night The US dollar inched up and stood firmly above 90 as US stocks rebounded and as the euro edged down. SHFE metals fell across the board, except for copper and nickel, with zinc ...
Mar PMI for downstream nickel sectors inch up from Feb

2018-04-08 17:11:39

SHANGHAI, Apr 3 (SMM) – The final purchasing managers' index (PMI) for downstream nickel industries in March inched up from February and stood at 52.5, SMM data showed. The figure fell below expectations. As operation across industries recovered after Chinese New Year, the overall production index ...
China's Mar PMI up to 51.5, manufacturing improving

2018-04-08 17:00:22

China' s Purchasing Managers' Index (PMI) for the domestic manufacturing industry rose 1.2 basis points month on month to 51.5 in March, indicating that the country's manufacturing sector has been steadily improving, according to the latest release by China's National Bureau of Statistics (NBS) on ...

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