SMM offices will be closed for the Chinese New Year holiday from January 21 to January 27, 2023.
This is a roundup of China's metals weekly inventory as of January 20.
As of January 20, inventory of nickel ore across Chinese ports dipped 96,000 wmt to 8.58 million wmt compared with last Friday.
DCE iron ore futures rose by 1.76% today, the main contract closed 865.The traders' willingness to ship is less.The steel mills are wait and see .
SHFE nickel prices dropped this week.
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.