The following table is base metals movement on the SHFE market on July.26 2017.
CPMC Holdings has obtained approval for its $20 million can project in Haining, Zhejiang.
Prices for prebaked anode, supplementary material in aluminum smelting, look set to continue rising next month, which will add to aluminum costs, SMM predicts.
Power and steel plants in China, in order to reduce cost, still imported large amounts of coal from Mongolia and Russia in June.
Recently, Henan Province has issued a string of important reforms on mining rights and production safety.
LME aluminum hit new high thanks to strong crude oil and LME copper.
price review forecast
UK GDP is expected to grow 1.7% YoY in Q2, down 0.3 percentage point from Q1.
On Tuesday’s night trading, base metals extended gains seen in daily trading hours, with copper outshining.
SHFE 1709 aluminum opened at RMB 14,465/mt on Tuesday.
China Aluminum International Trading Co. (Chalco Trading) raised aluminum prices it offered in major markets today, it said on its WeChat.
China’s copper imports fell sharply in the first half of 2017, according to China Customs.
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