Latest Update in the China Aluminum Market

China’s copper cathode output shrank in July as some smelters conducted maintenance to deal with shortage of copper concentrate.

SHFE nonferrous metals, except for copper, cruised higher on Friday August 7, but ferrous metals all declined.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on August 7, 2020

Nonferrous metals on the SHFE mostly increased on Friday morning, holding onto overnight gains, and lead surged nearly 2.5%.

Nonferrous metals rose for the most part, and glod prices scaled new heights on Thursday. 

SHFE nonferrous metals closed mixed on Thursday August 6 investors awaited jobless claims data.

Social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, rose 13,000 mt on week to 725,000 mt as of Thursday August 6.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on August 6, 2020