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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