Operating rates across primary lead smelters in Henan, Hunan and Yunnan provinces rose 0.8 percentage point on the week to 58.9% in the week ended October 30, showed an SMM survey.
As of October 30, iron ore inventories across 35 ports tracked by SMM totaled 121.11 million mt, an increase of 3.61 million mt from the previous week and an increase of 4.32 million mt year-on-year. Port inventory has increased for the ninth consecutive week, and the increase has expanded.
Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces averaged 74.59% in the week ended October 30, up 2.28 percentage points from the previous week.
SHFE nonferrous metals broadly fell on Friday October 30 following an overnight bounce on Wall Street on the back of better-than-expected U.S. economic data.
Inventories of refined nickel in the Shanghai bonded areas remained unchanged from a week ago and stood at 23,300 mt as of October 30, showed SMM data.
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.