SMM Evening Comments (Jan 19)
price review forecast
LME zinc has performed strongly since the start of the year. Similarly, SHFE zinc is also performing well.
Suspended smelters in Henan province are unlikely to resume production as the heavily-polluted weather intensifies with no signs of improvement.
The following table shows the ferrous and base metals movement on the SHFE and DCE on Friday January 19, 2018.
Premiums of non-original briquette for foreign trade are $140-150/mt while premiums of original briquette traded higher at $300/mt due to tight supply.
Copper prices are expected to rise, overall, in 2018 despite current declines.
Flash: Copper spot premiums in Shanghai
SMM Morning Comments (Jan 19)
SMM Evening Comments (Jan 18)
China’s crude steel production in December stood at 67.05 million mt, up 1.4% month on month but down 0.3% year on year.
SMM surveys major Chinese producers in the base metals market every month to get first-hand production data. The following table shows the latest output in December and our forecast for January.
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