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Copper stocks fell for six weeks in a row * lead prices or pressure in May * Zinc prices continue to rise to curb replenishment demand
Apr 30,2020 12:08CST
translation
Source:SMM
[metal noon news] non-ferrous metal narrow fluctuation risk aversion before the festival * copper inventory fell for six consecutive weeks * electrolytic aluminum inventory weekly down 155000 tons * licensed recycled lead enterprise weekly operating rate is the same * May lead price or pressure * zinc price higher to suppress replenishment demand * near May Day holiday in tin city transactions are generally weak * Vale Timbo Peiba mining area will resume operation * April manufacturing PMI fell back *
The content below was translated by Tencent automatically for reference.

Metal news

SMM midday review] narrow fluctuations in non-ferrous metals pre-festival risk aversion mainly pre-festival replenishment to support iron ore growth of more than 2%

April 30 SMM Shanghai Copper spot Market Express: trading light rising water down pre-holiday clearance highlights

Inventories in mainstream copper markets in SMM fell 43500 tons this week from a month earlier, down for the sixth consecutive week.

[SMM data] Electrolytic aluminum inventory weekly decline of 155000 tons less than the superimposed demand is strong

SMM midday review: East China Aluminium: the transaction heat in the market near the holiday market has fallen

[SMM investigation] the local preparation of goods before the festival shows that the weekly operating rate of licensed recycled lead enterprises is the same.

[SMM question and answer] Recycling lead New expansion capacity release & lead Storage Battery consumption is not prosperous in May lead Price pressure

The price of waste battery is basically the same as that of recycled lead market, and the transaction of recycled lead market is flat.

April 30 Tianjin zinc ingot spot: transaction today is flat compared with yesterday

April 30 Guangdong zinc ingot spot: zinc prices continue to rise today to suppress replenishment demand

Xi [SMM Hu Xi Express] transaction in Tin City is generally weak in the run-up to May Day holiday

Vale: Tinbo Peiba mining area will resume operation capacity will reach about 1 million tons per month

Ministry of Industry and Information Technology: do a good job in the implementation of policies for benefiting Enterprises in rare Earth Industry

SK Innovation plans to invest $727 million to build a second power battery plant in the United States

 

Macro

Bureau of Statistics: manufacturing PMI fell 1.2 percentage points from the previous month to 50.8 per cent in April

Focus: the latest tracking of the global epidemic: more than 3.21 million new confirmed cases in the world

 

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Norway, which has worked together to support oil prices that have not cut production for 18 years, has also begun to act.

Ministry of Transport: toll Standards for Expressway Freight cars further reduced

April 30 SMM spot metal prices

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