The macro front was relatively positive, boosting aluminum prices. China's CPI rose YoY in February.
SMM Nickel Market Morning Comment Fully (Mar 19)
Overnight, the most-traded SHFE nickel contract opened at 142,030 yuan/mt, and closed at 139,950 yuan/mt, down 1,920 yuan/mt. Trading volume rose 50,346 lots, and open interest increased by 2,737 lots. On the macro front, the number of Americans filing for unemployment benefits stood at 209,000 in the week ending Mar 9, lower than the forecast and previous value, indicating that the US job market recovered. From a fundamental perspective, yesterday’s spot market transactions were weak. However, after nickel prices plunged in the afternoon, downstream buyers began to make purchases. Nickel price is expected to be move rangebound.
The remarkable journey of aluminium: Leading the charge on 'Global Recycling Day'
As we celebrate March 18th as 'Global Recycling Day', it's time to shine a spotlight on one of the unsung heroes of the recycling world: aluminium.
Aluminati Guitars strikes a chord of sustainability using recycled aluminium as raw material
In a world where innovation and sustainability intertwine, Aluminati Guitars stands as an extraordinary example of finding power in vision and perseverance.
SMM copper market morning comment (Mar 19)
LME copper prices opened at a low of $9,069.5/mt on Monday, and hiked to a high of $9,164.5/mt and finally closed up 0.31% at $9,102/mt.