MMi Daily Iron Ore Report for June 1st 2020
Physical iron ore port stock prices surged today, PBF trading around 765-770yuan/mt, though many mills declined to take part in trade today and total concluded transactions were down on Friday last week.
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.
In this 2-week webinar special, we will have a deep-dive on the China domestic metals market following the National People’s Congress (NPC) annual meetings.
SHFE nonferrous metals rose across the board on Monday June 1, as market sentiment was lifted after a Caixin/Markit survey showed China's May factory activity unexpectedly returned to growth in May.
China nickel manufacturing expanded for 3rd consecutive month in May
Manufacturing activity across nickel downstream sectors in China expanded for the third consecutive month in May, albeit at a softer pace than it did in April. SMM data showed that the purchasing managers index (PMI) for downstream nickel industries, including stainless steel, electroplating, alloy and battery, stood at 51.44 in May, down 0.32 point from April. A reading above 50 indicates expansion.
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.
