Import Window of Secondary Aluminium Alloy Begins to Open

In the first quarter of this year, the performance of electric passenger vehicles, lithium batteries and solar batteries continued to be hot, with a total export of 264.69 billion yuan, a year-on-year increase of 66.9%.

SMM statistics showed that China’s steel product port shipments under domestic trade totalled 4.98 million mt in the week of February 11-17, down 4% week-on-week.

In November 2022, China imported 2.41 million mt of copper ore and concentrate in physical content, up 10.26% year-on-year, hitting a new monthly high.

The imports and exports of rare earth were severely hindered due to repeated blockades by the customs.

Shanghai nonferrous metals closed mixed as the investors stay keen to the imminent Jackson Hole speech to be delivered by Powell, who is expected to provide more clues on the pace and direction US rate hike.

In July, the sales volume of excavators in China added 3.4% year-on-year, the first positive growth YoY since May last year. Except for driving forces like the acceleration of the issuance of special bonds and the expedited infrastructure investment, the growth is mainly attributable to strong export orders.

SHANGHAI, Aug 26 (SMM) - With the summer heat in east China gradually cooling off, copper smelters in east and central China who slashed their output earlier due to power rationing are now gradually resuming their production.

SHANGHAI, August 23 (SMM) - Customs data showed that China's copper scrap imports were 155,168.64 mt in July, down 6% month-on-month and up 4.02% year-on-year.

SHANGHAI, Aug 22 (SMM) - Inquiries in the nickel sulphate market increased, but the trading volume was limited.

Power curtailment has limited impacts on the downstream silver enterprises, and those that are slightly affected also have informed other related enterprises timely, thus the market supply and demand of silver are relatively stable.