Today's news: imports of zinc concentrate remained high in March * daily processing at Freeport El Abra copper mine shrank by 40 per cent * US oil contract plunged nearly 25 per cent in June

Published: Apr 28, 2020 09:17

Macro news

In the third quarter of the United States, GDP is difficult to V-shaped recovery. I am afraid that the global decline of $6 trillion this year is too optimistic.

The China Securities Regulatory Commission has openly solicited opinions from the public on the reform of the gem and the main institutional rules of the pilot registration system.

Metal news

Summary of Customs data on Import and Export of Metals in March 2020 [SMM data]

Almost all domestic aluminum fluoride enterprises have stopped production for 1-2 months due to insufficient downstream demand.

[SMM data] the impact of maintaining a high level of imported zinc concentrate in March may be reflected after April.

[SMM hot coil] the hot rolling sheet of the steel plant in May can still maintain the continuous weakening of the cold rolling order.

[SMM thread] 27th terminal pick-up period snail weakening to restrain transaction

210 cases of new crown virus confirmed at Antamina copper mine in Peru

The price of copper has plummeted. The daily processing volume of the El Abra copper mine in Freeport has been reduced by 40%.

Kazakh Government to study and formulate measures to support the Development of Metallurgical Mining Industry

Related news

The June contract plunged nearly 25 per cent to more than 20 million barrels of crude oil floating off the coast of California

Sales forecasts for the world's three largest auto markets continue to fall the most in Europe

The investment is 374 million yuan! LG Chemical expansion of carbon Nanotubes aimed at Electric vehicle Market

Click to sign up for the SMM "2020 (15th) lead and Zinc Summit"

Scan the QR code to sign up for the lead and zinc summit and fill in the personal information at the end of the page, and the conference staff will contact you later!

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Volatile Macro Conditions and Improving Fundamental Demand Supported Copper Prices [SMM Macro Weekly Review]
56 mins ago
Volatile Macro Conditions and Improving Fundamental Demand Supported Copper Prices [SMM Macro Weekly Review]
Read More
Volatile Macro Conditions and Improving Fundamental Demand Supported Copper Prices [SMM Macro Weekly Review]
Volatile Macro Conditions and Improving Fundamental Demand Supported Copper Prices [SMM Macro Weekly Review]
56 mins ago
Suppliers Sold Off Cargoes Before the Holiday Without Pressuring Discounts, Shanghai Spot Copper Discounts Held Steady [SMM Shanghai Spot Copper]
2 hours ago
Suppliers Sold Off Cargoes Before the Holiday Without Pressuring Discounts, Shanghai Spot Copper Discounts Held Steady [SMM Shanghai Spot Copper]
Read More
Suppliers Sold Off Cargoes Before the Holiday Without Pressuring Discounts, Shanghai Spot Copper Discounts Held Steady [SMM Shanghai Spot Copper]
Suppliers Sold Off Cargoes Before the Holiday Without Pressuring Discounts, Shanghai Spot Copper Discounts Held Steady [SMM Shanghai Spot Copper]
[SMM Shanghai Spot Copper] Looking ahead to next week, the Shanghai spot copper market is expected to remain under pressure. Supply side, smelters will maintain normal operations during the Qingming Festival holiday, and domestic spot copper output will continue, while imported copper will arrive successively, making spot cargo in circulation in the post-holiday market more ample. In addition, although some suppliers sold off cargo slightly during the day, with Honglu quoted at a discount of 80 yuan/mt, this did not drive overall spot discounts lower, reflecting that suppliers still have the willingness to hold prices firm at current price levels, with spot discounts receiving some support on the downside. Overall, amid the tug-of-war between expectations of ample supply and suppliers' willingness to hold prices firm, Shanghai spot copper prices against the 2604 contract are expected to remain at a discount after the holiday.
2 hours ago
Copper Cathode Rod Production Rate Rises to 83.58% Amid Stable Operations and Price Rebound
3 hours ago
Copper Cathode Rod Production Rate Rises to 83.58% Amid Stable Operations and Price Rebound
Read More
Copper Cathode Rod Production Rate Rises to 83.58% Amid Stable Operations and Price Rebound
Copper Cathode Rod Production Rate Rises to 83.58% Amid Stable Operations and Price Rebound
【SMM Copper Cathode Rod Flash】This week, the operating rate of copper cathode rod rose MoM to 83.58, while overall enterprise operations remained stable. Affected by the rebound in copper prices, the operating pace of downstream industries slowed somewhat; however, copper cathode rod enterprises maintained stable production on the back of earlier orders on hand, and order support was expected to continue until mid-April.
3 hours ago
Today's news: imports of zinc concentrate remained high in March * daily processing at Freeport El Abra copper mine shrank by 40 per cent * US oil contract plunged nearly 25 per cent in June - Shanghai Metals Market (SMM)