A total of 73 vessels with 10.15 million mt of iron ore are expected to arrive at major Chinese ports during April 20 to 26.
Jiangsu Shente Steel plans to extend its maintenance of a 450m³ furnace by 10 days after April 30, when the maintenance was originally set to complete. About 2,000 mt daily output of molten iron will
Rebar prices have gained continuously since March 27 but SMM expects pressure from greater supplies in the near future as steel plants resumed operations on improved weather and higher profits
price review forecast
China's imports of copper scrap in March shrank 38.5% on the year, according to data from China Customs. This brought the overall copper scrap imports for the first quarter of the year down almost 40%
Jiangxi Yongxing Special Steel New Energy Technology launched the first stage of its 3 billian yuan, battery-grade lithium carbonate project in Yichun, Jiangxi province
The following table shows the movements of ferrous and nonferrous metals on the SHFE and DCE on Monday April 23. 2018.
China's inventory of refined aluminium including SHFE warrants dipped slightly to 2.231 million mt as of Monday April 23 as downstream consumption picked up, according to SMM data.
China imported 4.02 million mt of coking coal in March, down 37.4% year on year, according to data from China’s Customs.
Lead prices in China’s spot market are likely to remain weak as downstream demand in the lead-acid battery market remains weak and as production recovers across primary lead smelters
Secondary aluminium industry faced challenges from both tight raw material supply and sluggish demand following the China-US trade war started in March.
Join us at SMM’s Asia Metals Seminar during LME Asia week, co-hosted with Hong Kong Exchanges and Clearing Limited (HKEX) and Bloomberg, on Tuesday May 15.
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