Output cuts at Weiqiao Group have affected molten aluminum supply to surrounding aluminum processing plants.
For now, Henan Zhongfu Industrial has kept output control plans unchanged for its aluminum smelter(s) and carbon plant(s) during winter heating season.
The table below shows inventories of base metals on the LME on September 22.
The table below shows inventories of base metals on the SHFE in the week ending September 22.
Both ferrous and nonferrous metals futures fell sharply September 22.
The table below shows warrants of base metals on the SHFE on September 22.
The following table is base metals movement on the SHFE market on Sep.22 2017.
The People's Bank of China (PBOC) will carry out two reverse repurchase operations today, while another reverse repos will become due on the same day.
The followings are SMM Ranking by Metal Price Increase in the week ending Sep. 22
SHFE 1711 aluminum hit over 6-year high at 17,250 yuan/tonne on Wednesday afternoon after two pieces of breaking news.
China’s tax department and Ministry of Environmental Protection are now coordinating closely to pave way for implementation of upcoming environmental protection tax.
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