Plants in Hebei, Henan and Shandong have been affected due to stricter green policies.
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.
Recently see reduced or limited production of lead smelters in many places. Lead concentrate supply shrinks distinctly.
Today’s Purchase Suggestion (Dec.4)
Fielding Chen, economist of Bloomberg says, US tax reform has two major influence on commodities price.
As per SMM research, the overall demand of electric accumulator market is weak. Dealers purchase less as per demand.
SMM learned that domestic lead-zinc ores have been in shortage for a long time.
As per SMM research, today electric lead plate (tank formation) offers at 21,600 to 21,800 yuan per tonne.
As per SMM research, electric battery market keeps with a light consumption.
Estimated shipment from Brazil and Australia both drops during late November.
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%.
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