The global widespread of COVID-19 has forced many countries to enforce stringent containment measures which result in a heavy impact on global economic activity. Over the past two months, we saw serious disruption of manpower, transportation and production in China. We are now seeing these scenarios happening around the world. Join our webinar to understand the inventory situation of raw materials, as well as the demand/supply and consumption of the Chinese domestic metals sectors during this volatile period.
The physical port stock prices for PBF in Shandong market fell by 10-15yuan/mt and that in Tangshan market dropped by 5-15yuan/mt. Both bids and offers in the physical port stock market decrease sharply.
SHFE nonferrous metals, except for tin and nickel, traded lower on Monday, giving up the rebound from last Friday as investors remained cautious about the economic toll of the COVID-19 pandemic.
A nickel sulphate producer in north China planned to conduct annual maintenance for about a month from the beginning of April, sources told SMM on March 30.
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on March 30, 2020
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.