Physical port stock prices traded close to their Friday levels today. Some mills purchased as needed though concluded transactions were low. PBF traded at 730-735yuan/mt in Shandong and 740 yuan/mt in Tangshan.
SHFE nonferrous metals closed mixed on Monday May 25, following a broad decline last Friday, as escalating tension between China and the US weighed on optimism around economic reopening from the coronavirus lockdowns.
In this 2-week webinar special, we will have a deep-dive on the China domestic metals market following the National People’s Congress (NPC) annual meetings.
China has held the most important political event of the year on Friday May 22- The National People's Congress (NPC) meetings, also known as “Two Sessions” in Chinese. The annual gatherings will also reveal Beijing's plans for how to revive an economy battered by COVID-19 pandemic, which has led to the country's first economic contraction after decades of continuous growth.
Silicon plants in Liangshan and Ya’an of Sichuan province, one of China’s major production areas of silicon, restarted operations on May 25 as most areas in Sichuan enter the rainy season.
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.