Global Chip Market Will Decline 20% This Year

SHANGHAI, Jun 8 (SMM) – China’s LCO output stood at 6,918 mt in May, up 13% MoM ad 18% YoY.

SHANGHAI, Jun 8 (SMM) – In June, domestic iron ore prices may show a trend of rising at first and then falling back.

SHANGHAI, Jun 8 (SMM) – The most-traded SHFE 2307 aluminium contract opened at 18,130 yuan/mt overnight, with its low and high at 18,080 yuan/mt and 18,190 yuan/mt before closing at 18,175 yuan/mt, up 70 yuan/mt or 0.39%. 

SHANGHAI, Jun 7 (SMM) –In June, the demand for construction steel may weaken further and pig iron production is likely to decline.

SHANGHAI, Jun 6 (SMM) – Primary aluminium alloy: The PMI for the sector rose 3.8 points MoM to 44 in May.

SHANGHAI, Jun 6 (SMM) – The prices of cobalt intermediate products rose slightly last week.

SHANGHAI, Jun 6 (SMM) –Nickel sulphate prices rebounded last week after several months of decline.

SHANGHAI, Jun 6 (SMM) –The prices of ternary cathode precursor rose slightly last week.

#0 zinc in Ningbo was quoted with premiums of 140-220 yuan/mt over SHFE 2306 zinc contract last week, and were -10-40 yuan/mt against Shanghai prices. Spot quotes against SHFE zinc prices and premiums over Shanghai prices both fell rapidly. The rise in zinc prices and the influx of imported zinc led to a continuous decline in the downstream enthusiasm for purchasing domestic zinc ingots.

The average operating rate of die-casting zinc alloy manufacturers was 47.52% last week, up 0.52 percentage point from 48.04% in the previous week. In terms of raw material inventory, since enterprises still took deliveries one after another during the week, the raw material inventory of die-casting zinc alloy enterprises basically remained flat despite the rebound in zinc prices.