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Today's news: copper scrap spread widened month-on-month * aluminum futures rose sharply spot strong * Glencore cancelled the closure of Mopani copper plan
Apr 20,2020 09:09CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

Macro information

The global economy is expected to fall by another 7 per cent to more than a 20-year low of 7 per cent in nearly a century, according to IMF

The White House and Democrats are about to reach an additional $450 billion economic bailout deal

Metal news

[SMM analysis] the ring ratio of copper fine waste price difference is enlarged but the kinetic energy is increased or insufficient.

The futures [SMM analysis] futures rose sharply, the spot was strong, and the aluminum base spread in Guangdong continued to strengthen.

[SMM analysis] Zinc consumption driven by galvanized plate, but there is still pressure in the future.

[SMM Analysis] Battery Grade Nickel Sulfate is expensive or difficult to support when the demand of Automobile Enterprises is weak

[SMM Thread Weekly carding] trend rising pattern unavailable spot prices remain at risk of pullback in the short term

Copper can eliminate a new type of coronavirus by regaining its luster in the medical field.

Permanent Secretary of Zambia's Ministry of Mines: Glencore hopes to restart Mopani Copper this week

Weak terminal demand affected by epidemic situation Rusal shifts sales focus to products such as medical care

Due to the impact of the epidemic, Vale has lowered its iron ore production targets for 2020.

Related news

In March, European car sales shrank by 52%. The top 15 auto companies all fell by more than 35%.

Guangxi: supporting Foreign Investment in Automobile Industry to participate in New Energy vehicle Industry chain

 

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