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Early Assessment of Aluminum, Zinc, Lead, Tin, and Nickel.

U.S. ISM Hits Record High, Boosts U.S. Dollar Rebound; Overnight, London Copper Falls Over 1.3%; Continued Increase in London Copper Inventories Deepens Pressure on Copper Prices, While the Opening of Domestic Import Windows Expands Spot Supply, Leading to Possible Copper Decline Today.

Oil Price Continues to Rise, Supporting the Non-Ferrous Market; Overnight, London Aluminum Edges Slightly Upward by 0.05%; Recent Increases in Shanghai Aluminum Production Costs are Evident, with Signs of Marginal Improvement in End-User Consumption and Aluminum Ingot Inventories Remaining Low, Predicting a Rise in Aluminum Prices Today.

Strong Crude Oil Prices Push Non-Ferrous Metals Higher; Overnight, London Zinc Gains 0.47%; Good Profits in Domestic Smelters Sustain High Production, but Zinc Prices Lack Sustained Upside Momentum Due to Supply Constraints; Limited Ups and Downs Expected for Zinc Today.

Support for November Interest Rate Hike Expectations by Federal Reserve Officials Warms Up; Overnight, London Lead Gains 0.16%; Widening of Delivery Month Discounts and Resilient Supplier Quotations Persist, with High Weighted Positions, Unresolved Liquidity Risks, and Potential Lead Upside Today.

Surging Oil Prices Trigger Inflation Concerns, Leading to a Decline in European and American Stock Markets; Overnight, London Tin Falls by 0.66%; Production Halts in Myanmar Support Tin Prices, but High Inventories and Weak Demand Dominate, Resulting in Narrow Range Fluctuations in Shanghai Tin; Tin Prices Expected to Hold Steady Today.

The U.S. Dollar Hits a Six-Month High; Overnight, London Nickel Falls by 2.52%; Domestic Pure Nickel Production Capacity Continues to Expand, Maintaining a Loose Supply Pattern; LME Nickel Inventories Accumulate, with Expectations of Slight Nickel Decline Today.

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Shanghai Aluminum’s supply and demand fundamentals are weakening, with aluminum prices expected to fall on July 5th.

Amid the tug-of-war between the US rate cut expectations and demand concerns, LME aluminum dropped 0.88% overnight; Shanghai aluminum’s supply and demand fundamentals are weakening, with spot consumption cautious and lacking in orders. Aluminum ingot social inventories continue to accumulate, suggesting a potential drop in aluminum prices today. The tug-of-war between US rate cut expectations

Italian flat steel prices rise on supply shortage

According to Kailan International Steel Information on June 18, due to the strikes in some steel mills in recent weeks, European steel manufacturers have accumulated a large number of unplaced orders. On the basis of weak downstream demand, supply has become even weaker, leading to an increase in the transaction price of Italian plates. The

Sustained Rebound, Consolidation

Viewpoint: The macroeconomic guidance is neutral. The sentiment in the non-ferrous metals sector has significantly eased, showing a weak rebound. On the supply side, TC (Treatment Charges) remains sluggish, and the strong reality of tight marginal supply of copper concentrates continues. The previous high copper prices attracted extensive illegal mining in Peru, and whether production

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