Weiqiao lowers prebaked anode purchasing prices for May 

Shanghai base metals all cruised higher on Friday morning after the head of the Federal Reserve told Congress he saw no need to rush the shift towards tighter post-pandemic monetary policy. Meanwhile, their counterparts on the LME mostly cruised lower.

Shanghai base metals were mostly higher on Monday morning as investors digested a better-than-expected US jobs report. Meanwhile, their counterparts on the LME fell for the most part.

Shanghai base metals mostly cruised lower on Tuesday morning despite gains overnight on Wall Street that saw the S&P 500 and Nasdaq Composite touching fresh record closing highs. Meanwhile, their counterparts on the LME traded mixed.

Prebaked anode prices remained stable last week, but are likely to rise on rising raw material prices.

Nonferrous metals on the SHFE were mostly higher on Thursday morning on a positive note following record gains on Wall Street after the US Federal Reserve’s policymaking committee voted to keep short-term borrowing rates near zero. Meanwhile, their counterparts on the LME also rose for the most part.

Shanghai base metals were mostly higher on Monday morning as investors reacted to last week’s US jobs report that trounced expectations and fueled hopes for a faster economic recovery. Meanwhile, their counterparts on the LME rose across the board.

This brought the purchasing price for Sep to 2,925 yuan/mt in cash

Heating-season environmental cuts on carbon mills may only slightly lift prices of prebaked anode after Sep

Exports in June grew 52.5% on the month but shrank 0.2% on the year, standing at 131,000 mt

This followed after it cut prices by the same amount for Jul