Nonferrous metals differentiate today with stable tendency. SHFE Lead leading loss with nearly 3% drop.
price review forecast
The following table is base metals movement on the SHFE market on Nov. 23 2017.
In 2017, Argentina’s imported alumina is estimated to surge to 120,478 tons. China is the largest bauxite source country of Argentina.
On Nov.23rd, as per SMM statistics, the domestic refined aluminium social inventory (SHFE warrants included) is listed as follows:
January to September 2017 METALS BALANCES
SMM Inclusive Morning Comments (2017-11-23)
Today see most nonferrous metals gaining. SHFE Zinc rises over 2%. SHFE Lead rises 1.61%. SHFE Copper rises 1.56%. SHFE Nickel rises nearly 1%.
The following table is base metals movement on the SHFE market on Nov. 22 2017.
Bank of America Merrill Lynch raises anticipated price of aluminium in 2018 to $1.08 per pound (previous anticipation is $0.94 per pound).
LME Price Review of Nov 21
Nickel supply and demand is balanced this year, and the price is estimated to go up next year.
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