The dollar clung to gains on Monday and the Japanese yen edged higher as softening US economic data and rising global coronavirus cases kept investors cautious, while lockdowns and Italian political turmoil held the euro under pressure.
The physical port stock prices ascended by 10-20yuan/mt when DCE iron ore futures market headed up in the morning. Iron ore arrivals before the Lunar New Year holiday is hard to see obvious increments given recent continuously declining iron ore shipments from Australia.
SHFE nonferrous metals rose for the most part on Monday January 18 as investors in the region reacted to Chinese economic data, including the country's GDP print for the fourth quarter.
The European Union (EU) required the World Trade Organisation (WTO) on January 12 to establish a group to rule on Indonesian nickel ore export restrictions.
In November 2020, domestic mobile phone shipments reached a small peak for the second half of the year. In 2020, 5G mobile phone shipments totalled 162.77 million units, accounting for 52.9% of the total domestic mobile phone shipments.
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.
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