[SMM data] there is a pre-section reserve in the lower reaches of the river. The social inventory of zinc in the three places has dropped slightly.

As of April 15 Friday, SMM China copper inventory across major markets in China added 4,000 mt from Monday April 11 to 139,300 mt, down slightly by 1,000 mt from last Friday. The weekly inventory dropped again after a short increase last week. Compared with the domestic inventory recorded on Monday, the local stocks all added except for Shanghai during this period.

As of Friday, April 8, SMM copper inventory across mainstream regions in the country achieved the first weekly rise since March 4, with an increase of 3400 mt to 140300 mt compared with Wednesday April 6, and a slight increase of 2600 mt compared with last Friday.

The social inventory of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin dropped 3,200 mt from Friday March 11 and rose 9,800 mt from Monday March 7 to 119,000 mt as of March 14.

China's refined zinc output stood at 458,400 mt in February, down 59,200 mt or 11.43% MoM and 2.72% YoY.

China produced 2.95 million mt of aluminium in February (28 days), down 2.35% on the year. The daily output averaged 105,000 mt, up 1,900 mt/day on the month.

Domestic copper cathode output in February stood at 835,700 mt, up 2.1% month-on-month (MoM) and 1.7% year-on-year (YoY).

China’s output of praseodymium-neodymium (PrNd) oxide in February 2022 stood at 6,094 mt, down 2.5% from a year earlier with ion-absorbed iron separation companies in Sichuang, Jiangus, Guangdong and Guangxi contributing most of the increment, while those in Jiangxi saw output cuts.

The crude steel output across key steel mills in China stood at 18.90 million mt during mid-December, according to the China Iron and Steel Association (CISA).

Total zinc inventories across seven Chinese markets stood at 125,300 mt as of December 10, down 6,300 mt from December 6 and 4,800 mt from December 3.

China’s copper cathode output stood at 825,900 mt in November, up 4.6% month on month and 0.5% year on year