Summary of important non-ferrous information: sharp dive in Lunxi plate at night * approval reduced about 85% shortage of waste aluminum supply * nickel price down stainless steel and waste market price followed by decline

Metal news

[SMM analysis] waste copper supply shrinking brass rod enterprises do not decline but rise

[SMM analysis] domestic electrolytic copper accumulation rhythm opened ahead of time!

[SMM analysis] the number of scrap copper approvals published in the fourth quarter was only 17% of that in the third quarter.

[SMM analysis] Import of waste aluminum approval documents in the fourth quarter of about 85% of waste aluminum supply will continue to be tight

Poor demand dragged down aluminum fluoride prices in October. [SMM analysis] poor demand is a drag on the abnormal decline in aluminum fluoride prices in October.

[SMM investigation] the overhaul effect of Henan Refinery on the production release of Primary lead in the three places decreased month-on-month

[SMM analysis] in September, the operating rate of domestic mining enterprises decreased month by month, and the discharge of zinc concentrate was limited.

Lunxi plunged 2.28% in intraday trading.

[SMM Analysis] Nickel Price Down Market Price of stainless Steel and scrap follows the decline

[SMM Analysis] Xuzhou Delong 800000 ton stainless Steel Bar production Line Project has entered the end to bring certain support to billet consumption

[SMM Analysis] the price of low-grade silicon has risen slightly on the supply side.

Weekly Review of Silicon Manganese Market (10.1410.18): it is difficult to be optimistic about the trend of 6600 steel recruitment in the national market

[SMM Thread Weekly carding] the market sentiment is sluggish, spot prices may not be able to rise

[summary of SMM Hot Rolling Weekly] Macro data is not as expected next week prices may continue to decline

SMM Analysis] the price decline of rare earth products during the week is obviously short-term concerned about whether there are signs of recovery in downstream demand.

Comment on the spot Exchange Day of SMM basic Metals on October 18

Weekly Review of spot transactions in basic Metals SMM (2019.10.14-2019.10.18)

LME nickel stocks minus 11982 tons lead stocks increased by 25 per cent

First Quantum: Jiangxi Copper has invested in the company and has recently held talks on Zambian assets

China's refined copper production rose 11.6 per cent in September from a year earlier to 838000 tons

The leading team of Fuyang City observes the bright spot of the construction of metal industry in the whole city's industrial development project.

Macro information

National Bureau of Statistics: China's GDP grew 6% in the third quarter compared with the same period last year

EU leaders' Brexit differences are still trillions of euros, no progress has been made in the budget discussions.

ECB policymakers are in no hurry to do more stimulus even if the outlook worsens

Joyce's Brexit agreement is not as good as Aunt May's? Will reduce GDP by 6.7% over the next 15 years

Summary of spot quotation for SMM Metals on October 18

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