Aluminium Social Inventories Rose 15,000 mt on Week

Shanghai base metal fell across the board on Thursday morning amid the sluggish transaction on the last trading day before the National Day long holiday. Meanwhile, their counterparts on LME trended mixed.

Power rationing has been staying in the spotlight of the market for quite some time, but the current massive power rationing policy does not come out of nowhere. Nonetheless, the policy has brought great influences, temporary or far-reaching, to the whole metals industry. Here is a brief and comprehensive summary of the policy and its impacts on individual metals.

Shanghai base metals mostly fell after Fed’s hawkish statements and amid the weakened demand before the China’s National Day holiday. Meanwhile, their counterparts on LME basically fell as well.

Shanghai base metals mostly trended higher on Friday morning amid slumping US dollar and eased market concerns about the default of Evergrande. Meanwhile, their counterparts on LME performed similarly.

 This is a roundup of China's metals weekly inventory as of September 17.

Social inventories of silicon metal across Huangpu port, Kunming city and Tianjin port increased 2,000 mt from the previous week to 52,000 mt as of Friday September 10.

Nickel ore inventory at Chinese ports grew 154,000 wmt from a week earlier to 6.076 million wmt as of August 27. Total Ni content stood at 47,700 mt.

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

The SHFE/LME nickel price ratio rose this week amid tight spot supply of nickel plates. Lower nickel prices incentivised downstream buyers to restock, and this pushed spot premiums of nickel plate higher.

Copper inventories in the Shanghai bonded zone decreased 12,200 mt from August 13 to 368,500 mt as of August 20, the sixth straight week of decline.