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Shanghai nonferrous metals closed the day with gains amid a positive macro front as the market worries over omicron COVID variant weakened after statistics showed that it is likely to be milder than Delta variant.
MMi Daily Iron Ore Report (December 8th)
DCE iron ore futures tight by 1.46%. the main contract closed 658.5.
Exclusive: China's Metals Output in November
China’s copper cathode output stood at 825,900 mt in November, up 4.6% month on month and 0.5% year on year
Copper Prices to Remain Rangebound amid Muted Fundamentals
LME copper is expected to move between $9,350-9,680/mt while the most-traded SHFE copper contract is estimated to stand at 68,500-70,500 yuan/mt.
[Spoiler] China Zinc Industry Chain Annual Report 2021-2025
The refined zinc output in China has been far less than expected in 2021. What caused the decline in domestic output?
SMM has more than 50 professional industry analysts in copper, aluminum, lead, zinc, nickel, tin and minor metals, and are committed to providing in-depth, professional, as well as timely reports and research.
Besides, over 80 steel professionals engaged in China's steel industry. They have been working on the weekly report China Steel Briefing, the monthly report China Steel PMI-Monthly, a survey of steel downstream.
