The average CIF price of 1.5% ore last Friday stood at $64/wmt, flat compared to a week earlier.
Operating rates at secondary aluminium producers stood at 59.56% in May, down 5.44 percentage points month on month, but up 10.87 percentage points year on year.
Liaoning eliminated 6.02 million mt of crude steel capacity, 38.57 million mt of coal capacity, 1.89 million mt of coal capacity, 4.76 million mt of cement capacity, and 16,000 mt of paper making capacity during the "13th Five-Year Plan" period (2016 -2020).
According to SMM survey, most smelters in Yunnan have resumed production and the raw material stocks have reached a high level with the arrivals of imported goods.
The National Food and Strategic Reserves Administration will release copper, aluminium, zinc and other national reserves in batches. Such action is targeted to non-ferrous metal processing and manufacturing enterprises, and public bidding should be implemented.
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.