[SMM thread cycle carding] Steel prices are "driving" at a high speed, be on guard against the risk of short-term pullback.

China's refined zinc output stood at 458,400 mt in February, down 59,200 mt or 11.43% MoM and 2.72% YoY.

China produced 2.95 million mt of aluminium in February (28 days), down 2.35% on the year. The daily output averaged 105,000 mt, up 1,900 mt/day on the month.

Domestic copper cathode output in February stood at 835,700 mt, up 2.1% month-on-month (MoM) and 1.7% year-on-year (YoY).

China’s output of praseodymium-neodymium (PrNd) oxide in February 2022 stood at 6,094 mt, down 2.5% from a year earlier with ion-absorbed iron separation companies in Sichuang, Jiangus, Guangdong and Guangxi contributing most of the increment, while those in Jiangxi saw output cuts.

The crude steel output across key steel mills in China stood at 18.90 million mt during mid-December, according to the China Iron and Steel Association (CISA).

China's refined tin output stood at 8,162 mt in November, up 3.38% from October. The average capacity utilisation rate was 82.03%, up 2.68 percentage points.

China’s copper cathode output stood at 825,900 mt in November, up 4.6% month on month and 0.5% year on year

This is a roundup of China's metals weekly inventory as of December 3.

According to SMM survey, the domestic stainless steel output totalled 2.22 million mt in September, a drop of 590,000 mt or 20.97% month on month, and down 19.75% year on year.

The average operating rate across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces decreased 0.22 percentage point from September 17 to 67.93% as of Friday September 24.