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SMM Morning Comments (Feb 2): Base Metals Closed Mostly with Losses Following US Rate Hike
Feb 02, 2023 10:00
On the macro front, Federal Reserve Chairman Powell said that progress has been made in easing inflationary pressures, but he still warned that monetary policy will be further tightened. The hawkish speech put some pressure on metals prices.
Latest China All Markets
Most Electroplating Enterprises Resume Work After the Lantern Festival with January PMI Staying in Contraction Range
The final reading of PMI for electroplating industry was 49.86, stayed in the contraction range. The production index in January was 49.17 as most electroplating factories were on holiday.
Feb 2, 2023 09:39
CST
China’s Lithium Carbonate Imports down 12% MoM in Dec 2022 with Imports from Chile Falling Most
According to customs data, Chinese lithium carbonate imports stood at 10,876 mt in December, down 12% MoM and up 50% YoY. In terms of country of origin, imports from Chile lost 19% MoM, but those from Argentina added 66% MoM.
Feb 1, 2023 15:24
CST
HRC Inventory Keeps Accumulating with Market Demand yet to Recover
The social inventory of hot rolled coil (HRC) stood at 989,800 mt in Lecong county, Foshan city, Guangdong province this week, up 43,600 mt or 4.61% from a week ago. The inventory was 451,700 mt from the same period last year (solar calendar), up 83.94%.
Feb 1, 2023 14:59
CST
more news
Related Price
Lithium Carbonate (99.2% Industrial Grade), RMB/mt
Feb.01
439000
(
-1,000
|
-0.23%
)
Lithium Carbonate (99.5% Battery Grade), RMB/mt
Feb.01
467500
(
-1,500
|
-0.32%
)
SMM 1# Copper Cathode, RMB/mt
Feb.01
69565
(
+80
|
+0.12%
)
SMM A00 Aluminum Ingot, RMB/mt
Feb.01
18960
(
+230
|
+1.23%
)
SMM #1 Lead, RMB/mt
Feb.01
15075
(
-50
|
-0.33%
)
SMM Events & Webinars
All- May16
SMM the 18th International Zinc and Lead Summit & Expo 2023
May 16 - 19,2023SMM the 18th International Zinc and Lead Summit & Expo 2023Hunan，Changsha, China
- May09
2023 8th international new energy conference and industry expo
May 09 - 11,2023The theme of this conference is "Innovation Drives Development and Low Carbon Shapes the Future".Hunan•Changsha
- Apr24
SMM 18th International Copper Summit & Expo
Apr 24 - 26,2023SMM 18th International Copper Summit & ExpoYantai · Shandong
Publications
SMM has more than 50 professional industry analysts in copper, aluminum, lead, zinc, nickel, tin and minor metals, and are committed to providing in-depth, professional, as well as timely reports and research.
Besides, over 80 steel professionals engaged in China's steel industry. They have been working on the weekly report China Steel Briefing, the monthly report China Steel PMI-Monthly, a survey of steel downstream.
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Shanghai Metals Market
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