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China Weekly Inventory Summary and Data Wrap (Feb 3)
Feb 03, 2023 19:00
This is a roundup of China's metals weekly inventory as of February 3.
Latest China Lead Markets
SMM Survey: Overview of Production Resumption of Secondary Lead Smelters
The re-opening of lead battery enterprises has been slow, leading to limited purchasing demand, while the finished product inventory of secondary lead smelters that have just resumed operation is also limited.
Feb 3, 2023 11:06
CST
SMM Morning Comments (Feb 3): Base Metals Closed Mixed Following ECB Rate Hike
On the macro front, the European Central Bank raised interest rates by 50 basis points as expected, while the Bank of England adopted a more dovish tone on inflation. The US dollar rose against a basket of currencies and the US dollar index rose overnight.
Feb 3, 2023 10:00
CST
SMM Evening Comments (Feb 2): Shanghai Nonferrous Metals Closed with Losses with Insufficient Momentum
The market is widely expecting the Fed to continue to raise rates by 25 bp in March, but Powell stressed that he does not hold any certainty about the May FOMC meeting. The dollar index dropped to around 100, boosting risky assets denominated in US dollar.
Feb 2, 2023 18:00
CST
SMM Morning Comments (Feb 2): Base Metals Closed Mostly with Losses Following US Rate Hike
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.
Feb 2, 2023 10:00
CST
more news
Related Price
SMM #1 Lead, RMB/mt
Feb.03
15125
(
-25
|
-0.17%
)
#1 Lead -Tianjin, RMB/mt
Feb.03
15050
(
-25
|
-0.17%
)
#1 Lead - Henan, RMB/mt
Feb.03
15075
(
-25
|
-0.17%
)
#1 Lead - Guangdong, RMB/mt
Feb.03
15175
(
0
|
0%
)
Secondary Refined Lead（Guangdong/Tax included）, RMB/mt
Feb.03
15050
(
0
|
0%
)
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.
China Aluminum Industry ChainChina Steel PMIChina Rare EarthRead More
Shanghai Metals Market
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