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China’s zinc ingot inventories across six major Chinese markets declined further to 108,100 tonnes as of December 6, approaching this year’s low of 101,000 tonnes on January 2, mainly due to comparatively active buying, Mymetal’s latest survey showed. Mymetal is Mysteel’s data collection arm for nonferrous market.
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Deliverable copper stocks in the warehouses of the Shanghai Futures Exchange and those in warehouses in the four major cities tracked regularly by Mymetal, thinned by a further 14,300 tonnes on week to 135,400 tonnes in total as of December 6, mainly thanks to the rise in sales fuelled by stronger copper-fabricator demand.
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China’s aluminum price had been holding firm over December 3-9, partly as aluminum stocks with the traders in 16 major Chinese cities under Mymetal’s weekly survey posted the fourth week of contraction during the period, down another 43,000 tonnes on week to 643,000 tonnes as of December 9, according to Mymetal’s weekly aluminum report.
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China’s national average price for refined zinc ingot fell further for the fourth week by Yuan 96/tonne ($/t) on week to Yuan 18,647/t including the 13% VAT as of November 29, although zinc consumption in steel galvanizing and zinc alloys stayed steady last week, according to Mymetal, Mysteel’s nonferrous market data collection arm.
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Aluminum stocks with the traders in 16 major Chinese cities under Mymetal’s weekly survey declined further for the third week over November 26-December 2, down significantly by another 68,000 tonnes or about 9% on week to 686,000 tonnes as of December 2, mainly because of the better trading while the increase in output was not as fast as expected, according to market sources.
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Zinc ingot inventories in the six major cities and provinces of China under Mymetal’s weekly survey declined another 11,600 tonnes or 8.5% on week over November 15-21, as supply had been relatively steady but buying by both traders and downstream users had been increased, according to market sources.
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Lead ingot stocks at traders and SHFE warehouses in six major markets across China decreased by 3,300 tonnes or 9% on week to 33,250 tonnes as of November 25, mainly as the rather low levels of lead prices had moderately stimulated consumers’ buying interest, market sources told Mymetal on Tuesday. Mymetal is Mysteel’s nonferrous market data collection arm.
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China’s national average price for 99.7% grade primary aluminum ingot recovered by Yuan 135/tonne ($19.3/t) on week to reach Yuan 14,044/t including 13% VAT as of November 25, according to Mymetal’s latest price report. The prices received a boosted from the steady contraction of aluminum stocks across the country which are now at their lowest level in nearly three years. Mymetal is Mysteel’s publication reporting non-ferrous news and prices.
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The national average price for 99.99% copper cathode across China remained generally stable over the week to November 22 at Yuan 46,911/tonne ($6,671/t) including the 13% VAT, higher by a tiny Yuan 3/t on week, according to Mymetal’s latest weekly study. Mymetal is Mysteel’s publication reporting non-ferrous news and prices.
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Zinc ingot stocks at traders in six major markets across China decreased by 12,900 tonnes or 8.6% on week to 137,100 tonnes as of November 15 due to limited arrivals and active buying from downstream users after prices had fallen to a “rather low level,” market sources told Mymetal on Tuesday. Mymetal is Mysteel’s nonferrous market data collection arm.
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China’s national average price for the 99.7% grade aluminum ingot reversed down Yuan 249/tonne ($35.4/t) or 1.8% on week, as demand will be softening while supply will increase amid the resumption of suspended capacities and the commission of new capacities in succession, according to the latest weekly survey by Mymetal.
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The national average price for 99.99% copper cathode across China headed down during the November 11-15 week, losing Yuan 444/tonne ($63/t) on week to reach Yuan 46,908/t including 13% VAT as of November 15, according to Mymetal’s latest weekly study.
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China’s lead price fell further over November 11-15, but domestic smelters are with growing confidence in preventing the prices from declining further especially when the recycled lead supply has shown signs of tightening, market sources indicated on Monday.
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Chinese prices of major lead products declined further over the week of November 4-8, given the sustained weakness seen in both supply and demand, Mymetal’s latest survey showed. Mymetal is Mysteel’s publication dedicated to non-ferrous news and prices.
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China’s zinc ingot inventories in the six major cities and provinces under Mymetal’s weekly survey reversed up to 150,000 tonnes as of November 8, up 5,500 tonnes or 3.8% on week, largely due to the remaining tepid buying interest among end-users over November 1-8, market sources indicated on Tuesday. Mymetal is Mysteel’s publication on non-ferrous news and prices.
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The national average price for 99.99% copper cathode across China increased by Yuan 409/tonne ($58.4/t) on week to reach Yuan 47,352/t including the 13% VAT as of November 8, mainly thanks to the improved economic environment and better market sentiment, according to Mymetal’s latest weekly report. Mymetal is a Mysteel publication reporting non-ferrous news and prices.
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China’s zinc ingot inventories in the five major cities and provinces that Mymetal regularly monitors totalled 144,500 tonnes as of November 1, down 500 tonnes or 0.3% on week, but the pace of the decline in stocks had slowed by 0.5 percentage point from the previous week, reflecting the cooling of demand during the past week, according to Mymetal’s weekly survey. Mymetal is Mysteel’s sister publication reporting non-ferrous news and prices.
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China’s aluminum prices were rangebound during the week of October 25-November 1, with the national average price for 99.7% aluminum ingot declining by Yuan 6/tonne ($0.8/t) on week to Yuan 13,954/t including the 13% VAT as of November 1 amid softening downstream demand and concerns about potential rises in supply, according to Mymetal’s latest weekly report. Mymetal is Mysteel’s sister publication reporting non-ferrous news and prices.
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The national average price for 99.99% copper cathode across China slid by a total of Yuan 290/tonne ($41/t) on week to Yuan 46,943/t as of November 1, mainly due to the lacklustre downstream demand, according to Mymetal’s weekly report. Mymetal is Mysteel’s sister publication reporting non-ferrous news and prices.
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The national average price for 99.99% copper cathode across China increased Yuan 487/tonne ($69/t) or about 1% on week to Yuan 47,233/t including the 13% VAT as of October 25, mainly due to the frequent disruptions to copper concentrate supplies amid workers’ strikes in Chile, according to Mymetal’s latest weekly report. Mymetal is Mysteel’s sister publication reporting non-ferrous news and prices.
