Galaxy Securities Says Demand in Building Materials Industry Will Gradually Recover

Recently, the SS contract has been on the rise, which exceeded the expectations of most market players. SMM will look behind this issue from the perspective of the macro front, news end, fundamentals and cost side.

In addition, the expected customs clearance of imported copper failed to release, and the SHFE 2209 and 2210 contract spread also narrowed to some extent, providing solid ground for traders to hike the premiums.

Some traders still with stocks on hand shipped with low prices when SHFE zinc rose today. However, most traders still held the prices firm considering restricted shipment and maintenance of some smelters.

Ore prices fluctuated with occasional drops last week in the sluggish market.

SHANGHAI, Sep 5 (SMM) - Price review: As of last Friday, the SMM weighted alumina index stood at 2,949 yuan/mt, down 3 yuan/mt from a week ago.

ccording to the media, a Chile governor said that Chile will promote the tax reform by the end of June, including the Mining Committee royalties bill. Since Chile is the world's largest copper producer and the second largest lithium producer, the bill could have an impact on the mining in Chile and around the world.

SHANGHAI, Jun 13 (SMM) - The prices of lithium carbonate rose slightly last week.

For LME zinc, what needs to be watched this week is the change at the macro level. A new round of US Fed interest rate decision in June will begin.

Today's lead prices dropped, testing the cost support and secondary refined lead smelters were very reluctant to sell amid the wait-and-see sentiment.

SHANGHAI, May 30 (SMM) - As of last Friday, the SMM weighted alumina index stood at 2,995 yuan/mt, down 13 yuan/mt from a week ago.