Several smelters suspended production ahead of the Chinese New Year holidays
China imported 4.32 million mt of nickel ore and concentrate last month, down 27.91% from November
LME base metals, except for aluminium and zinc, closed lower on Tuesday
The US dollar held near a one-month high against a basket its rivals on Tuesday
SMM estimates that there were 81 vessels carrying 12.61 million mt of iron ore arrived at major Chinese ports during January12-18, down 1.57 million mt from the week ended January 11.
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.