This week see a continuous drop of lead price. The average price within the week has declined by 1,145 yuan per tonne.
Tangshan City of Hebei Province will reinforce its emission reduction measures from Oct.20th to 21st.
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.
According to official website of Liaocheng government, carbon enterprises in this city will limit their their production by 50% during heating season.
The futures market keeps violate in wide range in weak tendency.
Recently SMM did a research on orders of section plants in October.
The table below shows cash to 3-month backwardation/contango of base metals on the LME on October 16.
The table below shows cash to 3-month backwardation/contango of base metals on the LME on October 13.
Shandong introduced production limit plan during heating season.
Linyi Municipal Environmental Protection Agency of Shandong province released Notice on Instructions of Production Suspension & Limit of Provincial Steel Companies during Heating Season.
Copyright @ 2017 SMM Inc. All rights reserved.