Hot News

• 

  Tender Announcement for Negotiated Procurement of High-Titanium Ferrotitanium C and Other Projects

• Cable Backlog Orders Gradually Wrapping Up, Weaker Start-Up Expectations for Next Week [SMM Wire and Cable Market Weekly Review]

• Concentrated Arrivals in Tianjin Drove Premiums Down [SMM Tianjin Spot Zinc Weekly Review]

  [Concentrated Arrivals in Tianjin, Premiums Declining]: Spot premiums in Tianjin edged down this week, down 10 yuan/mt WoW. As of this Friday, domestic ordinary brands were quoted at a discount of around 90–130 yuan/mt against the 2605 contract, premium brands at a discount of around 70–90 yuan/mt against the 2605 contract, and Tianjin at a discount of around 50 yuan/mt against Shanghai.

• Qingming Holiday Affected Galvanizing Operations [SMM Galvanizing Weekly Review]

  [Qingming Holiday Impact on Galvanizing Operations]: The operating rates of galvanising producers stood at 57.89% this week, edging down 0.86 percentage points WoW. Raw material side, zinc prices fluctuated at highs throughout the week, with downstream players picking up fewer goods and mainly consuming existing stocks. However, zinc ingots previously priced by galvanising enterprises were delivered successively, and zinc ingot inventory at galvanising enterprises edged down slightly.

• [SMM Rebar Production Schedule] Production Structure of Rebar and Wire Rod Continued to Adjust

  The planned rebar production in April was 8.0385 million mt, an increase of 103,500 mt or 1.30% from the actual production in March. The planned wire rod production in April was 2.9614 million mt, a decrease of 128,700 mt or 4.16% from the actual production in March. In April, the long product export scheduled production of sample steel mills was 791,000 mt, up 79,000 mt MoM, of which the steel billet export scheduled production was 420,000 mt, up 110,000 mt MoM.