Output cuts at Weiqiao Group have affected molten aluminum supply to surrounding aluminum processing plants.
Nickel ore inventories at China’s ports kept growing this past week, Shanghai Metals Market reports.
Copper stocks fell in Shanghai bonded zone this week, SMM data shows.
For now, Henan Zhongfu Industrial has kept output control plans unchanged for its aluminum smelter(s) and carbon plant(s) during winter heating season.
Capital is flooding into relevant shares and funds after news that China is working to phase out fuel car production and sales.
Zimbabwe plans to levy high duty on exports of unprocessed platinum, starting from early 2018.
Spot premiums on #0 zinc shrank sharply from 580-750 yuan per tonne early this week to 400-450 yuan per tonne over SHFE October zinc in Tianjin on September 22, SMM reported.
Total zinc inventory in Shanghai, Guangdong and Tianjin declined sharply below 60,000 tonnes this past week, and here is why.
The Shanghai Futures Exchange (SHFE) announced that position opened by non-futures company members or clients shall not exceed 1,500 lots per day on Ni 1801 from September 25.
Spot premiums on regular #0 zinc were firm due to supply tightness and the big drop in SHFE zinc price, SMM understands.
China’s tax department and Ministry of Environmental Protection are now coordinating closely to pave way for implementation of upcoming environmental protection tax.
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