Nickel ore price, for August delivery, has kept rising in recent two weeks, Shanghai Metals Market survey finds.
LME copper surged by 4% with the news of “category 7” scrap metals import prohibition releasing.
Spot discounts for regular #0 zinc expand another 30 yuan per tonne in Shanghai market over August zinc on the Shanghai Futures Exchange (SHFE) on July 26.
CPMC Holdings has obtained approval for its $20 million can project in Haining, Zhejiang.
Total production of zinc concentrate during January-July is expected to be 2.287 million tonnes (zinc content), up 1.6% on a yearly basis, SMM predicts.
China’s zinc concentrate imports will fall to 190,000-200,000 tonnes in August after stabilizing through July and July, SMM expects.
Domestic refined zinc output will hold flat in July compared to June, SMM predicts.
Prices for prebaked anode, supplementary material in aluminum smelting, look set to continue rising next month, which will add to aluminum costs, SMM predicts.
China’s refined zinc imports are poised to increase slightly in June, but will slide 3% on the month in July, SMM predicts.
On Jul. 25, DCE 1709 iron ore closed at 526.5 yuan per tonne, up 3.24 per cent on a daily basis, and price in China’s domestic spot market followed up.
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China’s copper imports fell sharply in the first half of 2017, according to China Customs.
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