- Futures
- Base Metals
- New Energy
- Ferrous Metals
- Rare Earth
- Scrap Metals
- Minor Metals
China's Main Ports Inventory on February 21
As of February 21, SMM data showed that the total inventory at 35 ports dropped to 149.18 million mt, down 370,000 mt WoW, up 16.54 million mt YoY. The daily average port pick-up volume of imported ore was 2.864 million mt, up 148,000 mt WoW, up 260,000 mt YoY.
Daily Average Port Pick-Up Volume at China's Main Ports on February 21
As of February 21, SMM data showed that the total inventory at 35 ports dropped to 149.18 million mt, down 370,000 mt WoW, up 16.54 million mt YoY. The daily average port pick-up volume of imported ore was 2.864 million mt, up 148,000 mt WoW, up 260,000 mt YoY.
SMM Morning Comment For SHFE Base Metals (Feb 21)
Overnight, LME copper opened at $9,539/mt, fluctuated upward throughout the session, hitting a low of $9,510.5/mt during the fluctuations and a high of $9,575/mt near the close, finally settling at $9,558/mt, up 1.23%.
[Winning Bid Result Announced for Rooftop Distributed PV Construction Project in Shangri-La City, Yunnan] On February 20, the winning bid result for the selection of an investment and development entity for the rooftop distributed PV construction project on public buildings in Shangri-La City was announced. The winning bidder is Yunnan Yundian Power Distribution and Sale Co., Ltd. After grid connection, the unit price for self-use electricity is 0.396 yuan/watt, and the unit price for public housing rent is 5.05 yuan/m². (Polaris Solar PV Network)
[SMM Analysis: Post-Holiday Galvanizing Enterprises' Operation Falls Short of Expectations, What Is the Future Market Trend?] Galvanizing enterprises primarily resumed production between the ninth day (2.6) and the sixteenth day (2.13) of the lunar calendar, with small and medium-sized enterprises generally starting operations after the sixteenth day (2.13). The average holiday duration was around 20 days. However, overall consumption and end-user resumption of work fell short of expectations, impacting the operation levels of galvanizing enterprises, which have yet to return to the normal pre-holiday levels...
