Nickel ore price, for August delivery, has kept rising in recent two weeks, Shanghai Metals Market survey finds.
The following table is base metals movement on the SHFE market on July.26 2017.
LME copper surged by 4% with the news of “category 7” scrap metals import prohibition releasing.
Litho Sheets and MLC Clips witnessed no change from previous day’s levels of $0.63 per Lb and $0.61 per Lb respectively.
Solar panel price will surge by 20% in recent weeks, as Solar enterprises in US are frenzy in purchases imported solar panel at low prices.
TD Securities sees potential for silver to eventually outperform gold if the U.S. Federal Open Market Committee becomes more dovish, with the metal getting a short-covering bounce, in particular.
Shandong Laigang Yongfeng Steel began maintenance July 26 at its rebar production lines, which will last for 20 days, SMM understands.
Spot discounts for regular #0 zinc expand another 30 yuan per tonne in Shanghai market over August zinc on the Shanghai Futures Exchange (SHFE) on July 26.
CPMC Holdings has obtained approval for its $20 million can project in Haining, Zhejiang.
Total production of zinc concentrate during January-July is expected to be 2.287 million tonnes (zinc content), up 1.6% on a yearly basis, SMM predicts.
China’s copper imports fell sharply in the first half of 2017, according to China Customs.
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