This week see a continuous drop of lead price. The average price within the week has declined by 1,145 yuan per tonne.
As per SMM knowledge, up to this Friday, electrolytic nickel inventories in South China is 798 tonnes, rising 33% by 200 tonnes compared with last week.
Tangshan City of Hebei Province will reinforce its emission reduction measures from Oct.20th to 21st.
One steel plant offers its high-nickel pig iron at 970-980 yuan per nickel point (im-factory price, tax inclusive) rising 40-50 nickel points compared with last week.
As per SMM later news, in order to seek high value-added products, one large-scale aluminium enterprise plans to launch four new Achenbach 1850 aluminium foil mills.
According to SMM inventories data, this week domestic social inventories of RB steel is 4.6439 million tonnes, dropping 5.1% by 247,800 tonnes MoM.
With the upcoming dry season in South, silicon plants in Yunan, Sichuan, Hunan are reluctant to sell out.
According to SMM steel data, this week see a drop of 50,600 tonnes (-5.34%) to 896,700 tonnes of building materials inventories in Guangzhou compared with last month.
The table below shows cash to 3-month backwardation/contango of base metals on the LME on October 18.
Taiyuan City has introduced 2017 Taiyuan City Action Plan of Comprehensive Improvement of Production Environment and Quality, implementing systematic management of steel plants.
Linyi Municipal Environmental Protection Agency of Shandong province released Notice on Instructions of Production Suspension & Limit of Provincial Steel Companies during Heating Season.
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