Phosphoric acid prices have once again seen an increase.

In April, the market mainly watched for whether the Fed rate hike might pause and if the economy might fall into a recession.

SHANGHAI, May 15 (SMM) - With the die-casting zinc alloy industry gradually entering the off-season, it is expected that the operating rates will decline slightly in May.

SHANGHAI, May 15 (SMM) - SMM data showed that China’s primary aluminium billet output was 1.35 million mt in April, up 3.6% MoM and 9.7% YoY.

Aluminium futures prices dropped after surging from April 11 to May 11.

Real-time profits of NPI plants rose slightly last week based on the prices of nickel ore purchased 25 days earlier.

Last Friday, the average price of 8-12% high-grade NPI was 1,125 yuan/mtu (ex-factory, including tax), down 5 yuan/mtu from the previous trading day.

On the evening of May 10, the seasonally adjusted US CPI annual rate for April recorded 4.9%, lower than the forecast and previous readings of 5%.

The most-traded stainless steel contract once soared last week, but the overall prices moved rangebound.

LME copper prices closed at $8,243/mt last Friday evening, a rise of 0.67%. Trading volume was 20,000 lots and open interest stood at 254,000 lots. SHFE 2306 copper contract finished at 64,940 yuan/mt overnight, up 0.87%. Trading volume was 64,000 lots, and open interest stood at 193,000 lots. On the macro front, the US dollar rose last Friday and recorded its biggest weekly gain since February, mainly due to the decline in consumer confidence index, which intensified market concerns about the US debt ceiling and monetary policy, bolstering the risk appetite for the US dollar.

Shanghai nonferrous metals closed mostly with losses in day trading.