SHFE nonferrous metals broadly fell on Thursday December 3 as investors reacted to the release of a private survey on China's services sector activity in November.
At the 2020 Nonferrous Metals Industry Chain Annual Conference in Suzhou, Yettie Yi from SMM Consulting shared her insights on exploring the essence of pricing and optimizing procurement operations, and introduced the SMM price forecast and procurement strategy service
DCE iron ore futures market continued upward trends, the price hike in the physical port stock market expanded. PBF was conclude at 905-915yuan/mt in Shandong market and that in Tangshan was around 910yuan/mt.
Despite the ongoing COVID-19 pandemic and the possible impact of de-globalization, the metals market is likely to face new challenges, especially in the scrap sector, according to commodities veteran Andy Homes.
China steel rebar inventories fell slower this week due to accelerated seasonal weakening of demand.
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.