The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on April 9, 2020
Inventories of aluminium billet in China fell for a fifth consecutive week this week, as stocks in east China continued to shrink.
Social inventories of primary aluminium ingots fell this week, as low aluminium prices promoted smelters to hold back on sales and reduce deliveries to social warehouses and as demand improved.
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 few months, we saw serious disruption of manpower, transportation and production in China. We are now seeing these scenarios happening around the world.
China’s excavator sales increased 11.6% year on year in March, recovering from a 50.5% tumble in February, as key construction projects resumed work after the coronavirus pandemic outbreak in the country came under control.
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.