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Today's news: Q1 production of the world's largest copper miner jumped 4.2% * Hot coil prices rise rapidly need to be cautious * Federal Reserve Kashkali: the real unemployment rate could be as high as 24%
May 8,2020 09:16CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

Macro news

The White House is considering stimulus measures that do not need congressional approval

Federal reserve Kashkali: the real unemployment rate could be as high as 24%, far worse than the upcoming jobs report

Metal news

[SMM analysis] the same ring ratio of unwrought copper and copper increased greatly in April and continued to increase in May.

[SMM analysis] unwrought aluminum and aluminum exports fell in April on a month-on-month basis, and it is hard to say optimistic in May.

[SMM Analysis] Thread consumption exceeds expectations and breaks through key Resistance levels

Inventory decline narrowed in line with expectations of rapid price increases need to be cautious

There is still pressure on the supply of [SMM thread], but inventory indicates that demand is foreseeable.

Chile's copper exports fell 7.8% in April from a year earlier

Codelco, the world's largest copper miner, jumped 4.2 per cent to 386600 tonnes in the first quarter

Global gold ETF net inflow for the sixth month in a row

The Department of Natural Resources of Yunnan Province issued the total quantity control index of the first batch of tungsten rare earth mines in 2020.

 

Related news

Worries about demand persist in Saudi Arabia raising the price of crude oil is good for the limited US oil to fall back by more than 3%.

Tesla Shanghai factory shutdown? Response: normal adjustment

 

 

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