This is a roundup of China's metals weekly inventory as of August 19.
DCE iron ore was was shocked sharply all the day.The main contract closed at 673.5,decreased of 1.97 %. Traders are no more motivated to ship.
According to the SMM research, the bonded zone inventory stood at 8,600 mt this week.
Shanghai nonferrous metals closed with losses. A number of U.S. Federal Reserve officials said Thursday that the Fed needs to continue to raise borrowing costs to control high inflation.
As of August 19, the nickel ore inventory at Chinese ports dipped 80,000 wmt from a week earlier to 6.21 million wmt.
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.