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SMM Evening Comments (Aug 17)

SMM Evening Comments

06:12PM Aug 17, 2018

Price Review & Forecast

MMi Daily Iron Ore Report (Aug 17)

The decline of seaborne iron ore arrivals continued to lower stocks across major Chinese ports this week

05:53PM Aug 17, 2018

Price Review & Forecast

Nickel ore port inventories shrink across Chinese ports

Inventories decreased by 130,000 wmt from a week ago to 11.39 million wmt as of Friday Aug 17

05:13PM Aug 17, 2018

Data Analysis

Tangshan steel mills could face winter cut from Sept

They are likely to face cuts of at least 50% from Sept 1, as the city mulls earlier winter cuts to improve its air quality ranking

04:57PM Aug 17, 2018

Industry News

Silico-manganese alloy may be undersupplied with new rebar specs

Silico-manganese alloy is unlikely to be oversupplied for the rest of 2018 as new capacity finds it difficult to match demand

04:46PM Aug 17, 2018

SMM Insight

Copper stocks in Shanghai bonded areas decrease

Stocks shrank 9,200 mt from a week ago to 480,300 mt as of Friday Aug 17

04:11PM Aug 17, 2018

Data Analysis

Primary lead social inventories across Shanghai, Guangdong down on the week

Inventories fell as downstream consumers restocked on lower lead prices and as demand for secondary lead moved to primary lead

04:06PM Aug 17, 2018

Data Analysis

Data: SHFE, DCE market movement (Aug 17)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Friday Aug 17, 2018

03:15PM Aug 17, 2018

Data Analysis

Limited arrivals, downstream purchases shrink zinc inventory

Social inventories of zinc across Shanghai, Tianjin and Guangdong declined substantially this week

03:11PM Aug 17, 2018

Data Analysis

Active trades, tight supply push up spot copper premiums

Spot copper was mostly offered at a premium of 110-190 yuan/mt over SHFE 1809 in Shanghai on Friday with brisk trades

02:49PM Aug 17, 2018

Price Review & Forecast