Supply worries remain, iron ore leads the rise in black

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.

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

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.

Operating rates across licensed smelters of secondary lead in Jiangsu, Anhui, Henan and Guizhou averaged 62.72% in the week ended September 3, down 1.45 percentage points from the previous week, showed an SMM survey.

This is a roundup of China's metals weekly inventory as of August 27.

Operating rates across primary lead smelters in Henan, Hunan and Yunnan provinces lost 3.91 percentage points from the previous week to 53.4% in the week ended August 13, showed an SMM survey.

Operating rates of blast furnaces at Chinese steelmakers inched up this week and stabilized at low.

Lead prices bottomed out after the settlement as bears sold out positions. Domestic lead concentrate supply remained tight, and the quotations were chaos, but the smelters did not reduce production significantly. The primary lead supply was sufficient.

The State Council of China established a task force to curb unreasonable price increases for commodities in a bid to prevent transmission to consumer prices. As such, SHFE copper prices fell for three consecutive days.

US CPI far exceeded market expectations, triggering market concerns that the US will tighten liquidity ahead of schedule. As a result, the US dollar index stopped falling and rebounded. The decline in the US dollar index is likely to be limited, weighing on copper prices in the short term. Informal financing in China fell short of expectations in April