Aluminium Ingot Social Inventory Up 90,000 mt on Week

Total zinc inventories across seven Chinese markets stood at 133,800 mt as of October 8, up 14,000 mt from September 30 and 2,500 mt from September 27.

Inventories of rebar across Chinese steel makers and social warehouses stood at 8.70 million mt as of September 30, down 1.06 million mt or 10.9% from a week earlier. Stocks are down 1.85 mt or 17.6% from a year earlier.

Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin decreased 9,700 mt from September 24 and rose 9,700 mt from September 27 to 206,200 mt as of September 30.

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.

Total zinc inventories across seven Chinese markets stood at 131,300 mt as of September 27, up 2,100 mt from Friday September 24.

Total zinc inventories across seven Chinese markets stood at 129,200 mt as of September 24, up 6,200 mt from September 13 and 12,000 mt from September 17.

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.

SMM data showed that HRC stocks across social warehouses and steel makers rose 14,000 mt or 0.38% on the week, but fell by 9.61% than a year ago, to 3.67 million mt in the week ended September 23.