SMM is delighted to have Mr. Dongshu Cui, Secretary General of China Passenger Car Association for a special presentation at the 5th China International LiCoNi Summit on July 13-14, in Ningbo, China.
SHFE nonferrous metals extended their increases for the most part on Wednesday, following a broad rally Tuesday, as strong recovery for China's services in May bolstered market sentiment.
MMi Daily Iron Ore Report (June 3)
A relatively flat trading day in the physical iron ore market today, with even the DCE trading in a narrow range. Mills were actively enquiring though trades were down on yesterday.
Data: SHFE, DCE market movement (Jun 3)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on June 3, 2020
Inflow of seaborne copper weighed on spot copper premiums
Premiums of spot copper cathode declined quickly on the morning of June 3 in Shanghai as downstream consumers and traders hesitated over greater availability of seaborne copper and further rally in copper futures.
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.
