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Today Top News Jul. 31

iconJul 31, 2014 18:09
Source:SMM
On July 31, Base metals prices fell across the board in China's domestic market except Lead and Zinc.

Top Stories

China’s Refined Copper Output Rises to 623,000 Tonnes in June
China's refined copper output increased 8,121 tonnes on the month in June to 623,000 tonnes, matching results of the latest SMM survey.

Average Operating Rate at China’s Copper Plate/Sheet, Strip, and Foil Makers Down to 61.93% in June
The average operating rate at copper plate/sheet, strip and foil producers fell 3.98 percentage points to 61.93% in June, the latest SMM survey reveals.

Operating Rates at Chinese Aluminum Fabricators Expected to Fall in July
The average operating rate at Chinese aluminum fabricators is expected to slide in July, Shanghai Metals Market foresees.

Rare Earth Producer Shenghe Resources’ H1 Profit Down 71.69% on Depressed Prices, Higher Costs
Chinese rare earth producer Shenghe Resources Holding Co. posted a 71.69% year-on-year fall in first half’s net profit, due to rising costs and low prices for rare earth products.

 

SMM Base Metals Morning Review

 

SHFE Base Metal Price Movement

 

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