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 seri
SHFE nonferrous metals, except for nickel, traded higher on Tuesday as market sentiment improved on better-than-expected data on China’s manufacturing activities in March. Official data released on Tuesday showed that China’s manufacturing purchasing managers’ index (PMI) for March came in at 52, returning to expansion and defying expectations of a contraction amid the COVID-19 outbreak.
SMM estimates that there were 69 vessels carrying 11 million mt of iron ore arrived at major Chinese ports during March 22-28, down 750,000mt from the week ended March 21.
China’s nickel ore imports from the Philippines, one of the major sources of ore supply, could be badly hit in April as the Philippines has suspended all mining operations in its nickel mining hub...
Activity across Chinese copper downstream industries expanded in March last month, after registering a record contraction in the prior month
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.