This is a roundup of China's metals weekly inventory as of October 22.
Shanghai nonferrous metals all closed with losses as the pessimistic sentiment, created by the falling commodity prices, has extended to the non-ferrous metals sector.
The average operating rate across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces stood at 70.37% as of October 22, basically flat from the prior week.
DCE iron ore futures continued to fluctuate in a day, main contract closed689.5. a decrease of 1.5% throughout the day 。The spot quotation in the morning almost kept steady.Most traders tended to be wait-and-see，and the purchasing number is small。
The social inventory of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin decreased 12,800 mt from October 15 and dropped 7,000 mt from October 18 to 186,900 mt as of October 22.
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.