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
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.
Zinc concentrate treatment charges (TCs) in China are likely to rise in the near term as supply shortage eases and as smelters are on the verge of making losses, SMM believes.
Spot copper in the Shanghai market was offered at a premium of 290-320 yuan/mt on the morning of Monday April 23.
SMM Morning Comments
SMM Evening Comments
China’s manganese market saw a surprising rebound for the week ended Friday April 20 as traders stockpiled.
Selenium prices in China stayed at low levels during the week ended Friday April 20 amid thin transactions.
Prices of chemical grade silicon #421 have fallen some 200-300 yuan/mt from late March as some organosilicon plants began monthly procurement
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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