SMM data showed that iron ore stocks across 35 Chinese ports totaled 117.5 million mt as of October 23, up 1.52 million mt from a week ago, but 1.29 million mt lower than a year ago.
Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces averaged 72.31% in the week ended October 23, unchanged from the previous week.
SHFE nonferrous metals broadly fell on Friday October 23 as investors monitored global coronavirus developments and searched for direction.
Nickel ore inventories across all Chinese ports decreased 25,000 wmt from October 16 to 9.39 million wmt as of October 23, showed SMM data.
Social inventories of silicon metal across Huangpu port, Kunming city and Tianjin port shrank 1,000 mt from the previous week to 77,000 mt as of Friday October 23.
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.