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SMM Review of Pre-Holiday Base Metals Market and Prospect
Sep 30, 2022 20:00
According to SMM survey on the domestic major aluminium processing enterprises, their operating rates will vary during the National Day holiday, depending on their orders. Most of the small and medium-sized enterprises will close for 3-7 days for the holiday, while larger ones will take a shorter or even no break.
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SMM Review of Pre-Holiday Base Metals Market and Prospect
According to SMM survey on the domestic major aluminium processing enterprises, their operating rates will vary during the National Day holiday, depending on their orders. Most of the small and medium-sized enterprises will close for 3-7 days for the holiday, while larger ones will take a shorter or even no break.
Sep 30, 2022 20:00
CST
SMM Evening Comments (Sep 30): Shanghai Nonferrous Metals Closed Mostly with Gains amid Better-than-Expected China Manufacturing PMI
Shanghai nonferrous metals closed mostly with gains on the last trading day ahead of the National Day holiday. The higher-than-expected Chinese manufacturing data boosted the demand outlook for the world's largest metal consumer, while the London Metal Exchange (LME) may remove more brands of metal produced by Russian companies from the exchange's deliverable list, also a bullish call.
Sep 30, 2022 18:00
CST
Downstream Buyers Reluctant to Stock up before Holiday, and Transactions of Aluminium Scrap Declined
As of September 30, aluminium prices fell 370 yuan/mt or 2.0% from a week ago to 18,340 yuan/mt. The average prices of aluminium extrusion scrap and aluminium tense scrap follow suit by dropping 300-400 yuan/mt and 200-300 yuan/mt respectively.
Sep 30, 2022 17:24
CST
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Related Price
SMM 1# Copper Cathode, RMB/mt
Sep.30
62675
(
+235
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+0.38%
)
SMM A00 Aluminum Ingot, RMB/mt
Sep.30
18340
(
+200
|
+1.1%
)
SMM #1 Lead, RMB/mt
Sep.30
14950
(
0
|
0%
)
SMM 0# Zinc, RMB/mt
Sep.30
24790
(
+190
|
+0.77%
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SMM #1 Tin Ingot, RMB/mt
Sep.30
185000
(
-2,000
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-1.07%
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All- Nov10
2022 New Energy Materials Industry Develpment Conference and Annul Summit
Nov 10 - 12,2022The 2022 New Energy Materials Development Conference will be jointly organised by Qinzhou Municipal People‘s GovernmentQinzhou·Guangxi
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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