Output cuts at Weiqiao Group have affected molten aluminum supply to surrounding aluminum processing plants.
Nickel ore inventories at China’s ports kept growing this past week, Shanghai Metals Market reports.
Copper stocks fell in Shanghai bonded zone this week, SMM data shows.
For now, Henan Zhongfu Industrial has kept output control plans unchanged for its aluminum smelter(s) and carbon plant(s) during winter heating season.
Spot premiums on #0 zinc shrank sharply from 580-750 yuan per tonne early this week to 400-450 yuan per tonne over SHFE October zinc in Tianjin on September 22, SMM reported.
Total zinc inventory in Shanghai, Guangdong and Tianjin declined sharply below 60,000 tonnes this past week, and here is why.
Spot premiums on regular #0 zinc were firm due to supply tightness and the big drop in SHFE zinc price, SMM understands.
This past week, spot TCs for domestic copper concentrate kept rising, according to SMM data.
Downstream buyers purchased zinc actively in Shanghai spot market as zinc prices fell, leaving overall trading active, SMM reports.
Jiangsu’s Yonggang Group suspended production at one wire rod plant during September 23-30 for maintenance.
China’s tax department and Ministry of Environmental Protection are now coordinating closely to pave way for implementation of upcoming environmental protection tax.
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