COPPER:
76% Chinese copper wire rod producers expect orders to stabilize in August due to term contracts and planned output, SMM surveys.
LME copper will suffer pressure from firmer dollar and range USD 4,775-4,815/mt during Asian trading hours Monday.
ALUMINIUM:
China Aluminum International Trading Co. raised aluminum prices in major markets today after hike last Friday, it said on its WeChat.
According to China Customs, China exported 380,000 mt of unwrought aluminum and aluminum semis in June, down 40,000 mt MoM and 15.6% YoY.
According to China Customs, China imported 160,800 mt of alumina in June, down 8.30% MoM and 27.99% YoY.
Zinc:
Combined zinc inventories in Shanghai, Tianjin and Guangdong fell 9,000 to 309,800 tonnes this week, according to SMM data.
Nickel:
Nickel ore inventories at seven major Chinese ports kept increasing in the week ending Aug. 5, Shanghai Metals Market reported.
76% Chinese copper wire rod producers expect orders to stabilize in August due to term contracts and planned output, SMM surveys.
LME copper will suffer pressure from firmer dollar and range USD 4,775-4,815/mt during Asian trading hours Monday.
ALUMINIUM:
China Aluminum International Trading Co. raised aluminum prices in major markets today after hike last Friday, it said on its WeChat.
According to China Customs, China exported 380,000 mt of unwrought aluminum and aluminum semis in June, down 40,000 mt MoM and 15.6% YoY.
According to China Customs, China imported 160,800 mt of alumina in June, down 8.30% MoM and 27.99% YoY.
Zinc:
Combined zinc inventories in Shanghai, Tianjin and Guangdong fell 9,000 to 309,800 tonnes this week, according to SMM data.
Nickel:
Nickel ore inventories at seven major Chinese ports kept increasing in the week ending Aug. 5, Shanghai Metals Market reported.
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