SMM has put together some key changes of the key targets from the latest China government work report.
Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces gained 7.14 percentage points on the week to 75.6%
SHFE nonferrous metals fell broadly on Friday March 5. Copper fell 1.76%, aluminium declined 1.68%, nickel tumbled 6.7%, lead weakened 1.31% and tin slid 1.52%, while zinc inched up 0.05%.
As of March 5, iron ore inventories across 35 ports tracked by SMM totaled 120.86 million mt, an increase of 1.22 million mt from the previous week and 10.7 million mt year-on-year. Daily average deliveries from the 35 ports decreased 190,000 mt on a weekly basis to 2.47 million mt last week as Tangshan banned port transport from March 3 to March 6 amid stricter environmental protection restrictions.
Social inventories of silicon metal across Huangpu port, Kunming city and Tianjin port expanded 5,000 mt from the prior week to 67,000 mt as of Friday March 5, SMM data showed.
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.