[metal noon news] copper futures low open high Shanghai aluminum rose nearly 1.7% * lead downstream began for pre-festival storage * Freeport reduced copper sales prospects in 2020

Publicado: Apr 29, 2020 12:15 (GMT+8)

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[metal noon news] most of the upstream inventory growth of non-ferrous metals is lower than expected * lead prices continue to weaken downstream and begin to wait and see for the period of zinc reserve * the willingness to wait and see downstream is strong * the transaction of Shanghai-tin market is generally weak * the prices of stainless steel in Wuxi area are stable * Vale reduced iron ore production this year * Lynas extended the closing time of its rare earth processing plant in Malaysia * 13 The third session of the National people's Congress will be held in Beijing on May 22, 2020

Metal news

The two sessions determined that most of the upward inventory growth of non-ferrous metals was lower than the 7.22% increase in crude oil in the previous period.

April 29 SMM Shanghai Copper spot Market Express: the last two trading days before May Day are light and difficult to make a difference.

April 29 Guangdong copper spot market express: the holder continues to reduce the price of shipments, rising and falling

Freeport: reduces copper sales prospects for 2020 gold sales prospects increase slightly

[SMM midday review] East China Aluminum: there is demand for stock downstream before May Day. East China has a good deal today.

Us aluminium imports fell 47 per cent to 238000 tons in February from a year earlier

SMM April 29 Shanghai lead Market Express: lead prices weak consolidation of the spot market is also a weak supply and demand

SMM April 29 lead Market News: waste battery purchase price to maintain the stability of the recycled lead market trading differentiation

SMM April 29 other areas lead market news: today lead prices continue to weaken downstream began to reserve for the festival

Ningbo zinc ingot spot on April 29: strong willingness to wait and see downstream

Guangdong zinc ingot spot on April 29: fear of high and low mining downstream, limited boost to transaction

The transaction in Shanghai tin market is generally weak at the end of the month and during the holidays. [SMM Shanghai tin express]

The prices of stainless steels in Wuxi are stable and the transaction atmosphere of spot resources in South China is light. [SMM April 29 stainless steel spot] the prices of stainless steel in Wuxi are stable.

Vale's first quarter net profit $239 million cut iron ore production this year

Lynas extends the closing time of its rare Earth processing Plant in Malaysia

Macro

[blockbuster] the timing of the "two sessions" in 2020 will be determined!

General Administration of Taxation: first quarter tax revenue 3.4826 trillion yuan down 16.4% compared with the same period last year

Focus: global epidemic tracking: more than 3.13 million confirmed globally