Shanghai base metal fell across the board on Thursday morning amid the sluggish transaction on the last trading day before the National Day long holiday. Meanwhile, their counterparts on LME trended mixed.

Power rationing has been staying in the spotlight of the market for quite some time, but the current massive power rationing policy does not come out of nowhere. Nonetheless, the policy has brought great influences, temporary or far-reaching, to the whole metals industry. Here is a brief and comprehensive summary of the policy and its impacts on individual metals.

Shanghai base metals mostly fell after Fed’s hawkish statements and amid the weakened demand before the China’s National Day holiday. Meanwhile, their counterparts on LME basically fell as well.

Shanghai base metals mostly trended higher on Friday morning amid slumping US dollar and eased market concerns about the default of Evergrande. Meanwhile, their counterparts on LME performed similarly.

SMM data showed that China's social inventories of aluminium across eight consumption areas rose 23,000 mt on the week to 789,000 mt as of September 23.

 This is a roundup of China's metals weekly inventory as of September 17.

SMM data showed that China's social inventories of aluminium across eight consumption areas rose 15,000 mt on the week to 766,000 mt as of September 16.

Shanghai base metals trended mixed on Tuesday morning without significant bullish or bearish influential factors in the market. Meanwhile, their counterparts on LME mostly fell.

Shanghai base metals mostly went down on Wednesday morning amid the cooled down market sentiments by the uncertainty of economic recovery. Meanwhile, their counterparts on LME all increased.

SMM data showed that China's social inventories of aluminium across eight consumption areas increased 7,000 mt on the week and rose 15,000 mt from Monday to 739,000 mt as of August 12.