The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Wednesday February 14, 2018.
SMM offices will be closed from Thursday February 15 to Wednesday February 21 for the Chinese New Year holiday. There will be no news publications during this period.
China’s new subsidy policy on new-energy vehicles is set to give only limited boost to demand for cobalt and lithium as it was within industry expectations, SMM believes.
SMM expects zinc social inventory in Shanghai, Guangdong and Tianjin to hit 200,000 mt after Chinese New Year, up by at least 20,000-30,000 mt during the week-long holiday.
SMM Morning Comments
price review forecast
China’s aluminium inventory after Chinese New Year may continue to go up to 2.1 million mt and the price of the lightweight metal is set to trade in a wider range, SMM believes.
SMM Evening Comments
China’s largest lithium carbonate project has been officially commissioned this week, according to a report by the Economic Daily.
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Tuesday February 13, 2018.
Operating rates at silicon producers in Yunnan province dropped to only 25% in January due to power shortage and high energy prices, according to SMM research.
China produced 2.32 million units of passenger cars in January, up 12.7% from the same month last year, according to data from China Passenger Car Association.
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