SMM Evening Comments
06:49PM yesterday
Price Review & Forecast
The week closed with several highs and lows as demand for high grade port stock material drove the IOPI62 several percentage points higher.
06:14PM yesterday
Treatment charges of imported clean copper concentrate for the week ended Friday June 22 rose $2/mt from a week ago
06:08PM yesterday
Nickel ore inventories across all Chinese ports increased 750,000 wmt from a week ago to 8.91 million wmt
04:53PM yesterday
Data Analysis
The operating rate across China's copper rod producers that use scrap as raw materials is expected to dip further in June to 66.3%
04:02PM yesterday
Nickel inventory at bonded areas in Shanghai amounted to 57,500 mt as of Friday June 22, up 5% on the week
03:54PM yesterday
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Friday Jun 22, 2018
03:21PM yesterday
Lead inventory in Shanghai and Guangdong extended declines over the week ended Friday June 22
03:12PM yesterday
Social inventories of zinc across Shanghai, Guangdong and Tianjin grew 3,600 mt from last Friday to stand at 148,200 mt as of June 22
12:35PM yesterday
PT Indonesia Tsingshan Stainless Steel commissioned a 1 million mt stainless steel project on Wednesday June 20
11:08AM yesterday
Company News
SMM Evening Comments (Jun 22)
MMi Daily Iron Ore Report (Jun 22)
Imported copper concentrate TCs up for five consecutive weeks
Nickel ore port inventory grows to 8.91 million wmt
Operating rates across scrap-using copper rod producers to dip further in Jun
Nickel inventory at Shanghai bonded areas up 5% on the week
Data: SHFE, DCE market movement (Jun 22)
Lead inventory extends decline on production limitations
Zinc inventory up slightly from last Friday
Nickel prices likely to rise as Indonesia Tsingshan commissions project
