The estimation is that 11,000 tons of molten iron output will be affected in the week, 1,500 tons per day on average.
As per data released by LME on Wednesday, LME Zinc inventory dropped to 222,525 tons. As per data released by SHFE, SHFE Zinc inventory rose to 84,510 tons last Friday.
In 2017, Argentina’s imported alumina is estimated to surge to 120,478 tons. China is the largest bauxite source country of Argentina.
On Nov.23rd, as per SMM statistics, the domestic refined aluminium social inventory (SHFE warrants included) is listed as follows:
January to September 2017 METALS BALANCES
In October, auto output in Shanxi Province increases 570%. Thereinto new-energy auto increases 1550%.
A notice of electricity restriction was given to Ulanqab, Inner Mongolia, affecting nickel pig iron output.
Bank of America Merrill Lynch raises anticipated price of aluminium in 2018 to $1.08 per pound (previous anticipation is $0.94 per pound).
“We are operating at 100% in all our units of production,” the company says in emailed response to questions.
Ministry of Commerce of China published their interim ruling on the dumping of Korean’s polycrystalline silicon (for solar energy) on their website.
Nickel supply and demand is balanced this year, and the price is estimated to go up next year.
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