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Today's news: Shanghai aluminum rally should not be too bearish * February domestic copper scrap volume is only 66800 tons * Fed brown book: us economic activity shrinks sharply
Apr 16,2020 09:08CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

Macro information

The Financial Stability and Development Board of the State Council has convened to implement various policies and measures to support the real economy.

Federal Reserve Brown Book: economic activity shrinks sharply in all regions, referring to nearly a hundred outbreaks

Trump cancels the formation of a new US economic working group to consider measures to reduce crude oil production

 

Metal news

[SMM analysis] supply and demand are both weak. In February, the total amount of copper waste in China was only 66800 tons.

[SMM Analysis] the prelude to the continued increase in LME zinc stocks has begun.

[SMM analysis] electrolytic aluminum production reduction and expansion, the arrival of small peak season in Shanghai aluminum pull up should not be too bearish

The main reason for the increase in steel import in March is the increase in plate import. [SMM hot coil] the main reason is the increase in steel import in March.

The operating rate of [SMM thread] electric furnace is more than 63%, and the rebound of scrap price restricts the room for further recovery.

[SMM data] in February 2020, the total export volume of domestic electrolytic manganese and manganese products decreased significantly by 39.31% compared with the previous month.

Hydro reopened some recycled aluminum plants this week

Rainbow rare earths continue to export rare earth mines through the land border of Tanzania

 

Related news

Energy Bureau: increasing the proportion of Renewable Energy in Regional Energy supply

Car companies to resume production in Europe

Passenger Association: China's average daily retail sales of passenger cars rose 14% in the second week of April compared with the same period last year

 

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