The Indonesian government is planning to raise the annual levies on nickel ore to 10% from the current 5%, SMM understood.
Several aluminium-calendering companies in Jiangsu province have raised the price their products by 300 yuan/mt due to rising raw material costs.
Plants in Hebei, Henan and Shandong have been affected due to stricter green policies.
Galvanizing plants in Hebei are likely to cut production on pollution fear.
China’s auto sales hit 2.96 million vehicles in November, up 0.7% year on year.
One low-grade NPI plant in Shandong Province suspended its NPI production last weekend and switched to straight carbon steel production.
Silicomanganese plants in Shizuishan City, Ningxia Hui Autonomous Region are suspended due to green policies on Dec.10, as per SMM news.
The green tax law to implement on Jan.1, 2018 is the first uniserial tax law embodying “green taxation”, which means the formal launch of transform from pollution charge system to green taxation.
Huayuan County has an abundant resource of minerals of over 20 kinds of ascertained minerals.
SMM predicts CIF price of Indonesian Ni1.65% medium-grade nickel ore will move at $38-42 per wet ton in December, dropping 11% on monthly basis.
Today nonferrous metals kept mixed. SHFE Nickel moved volatile and went up with 1.47% gain at closure. SHFE Copper, Aluminium, Zinc slightly rose. SHFE Lead dropped over 1%.
Copyright @ 2017 SMM Inc. All rights reserved.