Rare Earth Salts
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Rare Earth Salts
Macro Roundup (Sep 17)
The dollar rose and hit its highest level in nearly three weeks against a basket of currencies on Thursday after data showed U.S. retail sales unexpectedly increased in August, easing some concerns about a sharp slowdown in economic growth.
Sep 17, 2021 09:00
SMM Evening Comments (Sep 16): Shanghai Nonferrous Metals Closed with Mixed Performance with Power Rationing Remaining as Market Focus
Shanghai nonferrous metals closed with mixed performance, and the power rationing policy has been intensified in several places, potentially pushing up metal prices.
Sep 16, 2021 19:00
MMi Daily Iron Ore Report (September 16)
DCE iron ore futures market continued falling trends and I2201 recorded new low of 660yuan/mt. Quotations in the physical port stock market declined by 30-35yuan/mt in the morning, some traders tended to clinch deals while others showed little enthusiasm in offering prices given the higher costs.
Sep 16, 2021 18:22
China Rebar Stocks Down 3.9% on Week
Inventories of rebar across Chinese steel makers and social warehouses stood at 10.28 million mt as of September 16, down 418,100 mt or 3.90% from a week earlier. Stocks are down 1.06 million mt or 9.3% from a year earlier.
Sep 16, 2021 18:08
Power Rationing May Strengthen in Guizhou and Guangxi, Over 4.4 Million Mt Annual Aluminium Production Capacity to Be Affected
According to SMM survey, Guizhou Provincial Energy Bureau recently issued a notice on an orderly power utilisation plan in Guizhou Province in 2021, stating that the plan was formulated to actively respond to the power supply tension that may occur in local regions and ensure the safe and stable operation of the Guizhou power grid.
Sep 16, 2021 17:35
Guangxi, Guangdong, and Jiangsu Announced Crude Steel Production Cut Plans for Aug-Dec, Output to Be Sharply Reduced
The total crude steel output from January to July increased significantly year-on-year in the above mentioned regions. Guangxi, Guangdong, and Jiangsu issued notices to implement the dual control of energy consumption, and the total crude steel output in 2021 is stimulated to be no higher than that in 2020.
Sep 16, 2021 16:39
Data: SHFE, DCE market movement (Sep 16)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on September 16, 2021
Sep 16, 2021 16:05