[metal afternoon news] nickel prices rose spot wait and see * lead prices strong trading light * aluminum spot out more and less

2019-07-30

Shanghai nickel rose nearly 1.8 per cent, Shanghai zinc rose nearly 1.5 per cent, iron ore rose more than 1 per cent, black series, most of them were green.

[SMM Analysis] concerns about scrap copper supply are relieved! China's imports of scrap copper increased by about 100000 tons in the first half of the year

Japan's refined copper exports fell 3.8% in June from a year earlier, zinc exports fell 8.2%

First quantum copper production increased by 3% in the first half of the year compared with the same period last year, a settlement has been reached with Zambia

The annual output of copper in the first ten years of Kamaoa-Kakula copper mine reached 382000 metal tons

[SMM afternoon Review] East China Aluminum: aluminum prices rose too fast in the later period, and market transaction activity dropped rapidly.

The first production line of the alloying project of Chinalco Guizhou Branch has been officially put into production.

Aluminum opened slightly lower in the month, with a sharp rise in the second trading range at the end of the day. In the early stage, the spot price of aluminum ingots in Wuxi and Shanghai was between 13890 and 13910 yuan / ton, about 10 yuan / ton on the flat surface, 30 yuan / ton higher than yesterday, and the price in Hangzhou was between 13910 and 13930 yuan / ton. In the morning, a large receiving price is more recognized by the holder, the holder is active, the middleman is active, and the aluminum price rises rapidly after 11: 00. Although the market holder still has an offer at a high price, it is concentrated in the vicinity of 13920 to 13930 yuan / ton, and the flat surface of the plate is near 10 yuan / ton, but the transaction activity drops rapidly at this time, and the receiver is afraid of high, but there is no deal. Downstream on-demand procurement today, there is no obvious receipt of goods, the response is mediocre. The overall transaction in East China today was all right.