Primary aluminium output in Jan-Feb jumps 5% YoY: NBS

Tianshan Aluminum issued a performance forecast on the evening of October 14. It is expected that the net profit attributable to the parent company in the first three quarters will be 3.231 billion yuan, a year-on-year increase of 163.54%.

Shanghai base metals traded mixed after opening on Thursday morning, as Fed failed to set a timeline for tapering asset purchase, and COVID-19 pandemic made a comeback. Meanwhile, their counterparts on LME mostly went up.

Shanghai base metals were mostly lower on Tuesday morning as investors awaited the release of China's trade data for June. Meanwhile, their counterparts on the LME also fell for the most part.

This is a roundup of China's metals weekly inventory as of July 9.

Primary lead output in China expanded significantly last month, as some large smelters recovered from maintenance and small and medium-sized smelters reopened after the spread of the coronavirus in the country came under control. China’s output of primary lead increased 11.94% from February to 240,000 mt in March, to produce a year-over-year decline of 7.03%. Output in the first three months of 2020 was 6.13% lower than the same period the year before.

SHFE nonferrous metals, except for lead, closed higher on US-China trade thaw

Daily output of crude steel across China Iron and Steel Association member mills averaged 1.92 million mt during Feb 1-10

Output stood at 63.73 million mt in Nov, up 16.1% from Nov 2017, but down 5.9% month on month

China produced 18.57 million mt of rebar in Nov, down 2.9% from Oct but up 10.14% from Nov 2017

Output of copper cathode came in at 768,000 mt in Nov, up 4.3% month on month and 7.6% year on year