Ni Laterite Inventory Fall by 472 kt at Ports
18/02/20 | Nickel
Shanghai Nonferrous Metals News SMM: As of last Friday, nickel laterite inventory at Chinese ports fell by 472 kt to 13.7 mln t (116.8 kt in Ni metal), a decline of 3.8 kt (in Ni metal) from 7th February. Nickel laterite inventory at the major seven large ports was 10.85…
Domestic Al Inventory Continues to Increase
18/02/20 | Alumina
Shanghai Nonferrous Metals News SMM: Primary aluminium inventory at social warehouses increased by 148 kt to 1.09 mln t last Thursday. Most downstream aluminium processors had planned to resume operations after 10th February, however, restrictions to transport, logistics, and a lack of workers may slow the resumption process downstream, contracting…
Domestic Primary Al Smelters: Average Profits at RMB2,000/t
18/02/20 | Aluminium
Cnal News Local bauxite prices are standing at RMB290/t with alumina prices at RMB2,350/t in Guangxi, with other raw material prices including caustic soda and pre-bake anode the same as before the holiday. However thermal coal prices rose rapidly after the holiday, seeing Shanxi coal prices at RMB509/t at…
Henan Yuguang Halves Zn Output for Feb.
14/02/20 | Zinc
Shanghai Nonferrous Metals News Shrinking downstream demand in conjunction with restricted logistics as a result of the NCP epidemic has driven up stocks of sulphuric acid at Henan Yuguang Gold and Lead, a major lead and zinc producer in central China. Consequently, the company announced that it will cut…
W Concentrate Prices Firm
14/02/20 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices are holding firm on limited supply as a result of the NPC epidemic. Today, mainstream quotations of wolframite (65% WO3) stand at RMB91,000~93,000/t, scheelite (65% WO3) at RMB90,000~92,000/t and tungsten concentrates (50~55% WO3) at RMB88,000~89,000/t. Downstream tungsten smelters face increasing difficulties in…
Guizhou Galuminium: 800 ktpy Aa Line Online Q3 2020
14/02/20 | Alumina
Asian Metal News Guizhou Galuminium under the Galuminium Group (GAL) completed construction of its second 800 ktpy alumina production line end-2019, but does not plan to bring it online until Q3 2020 in view of the current weak market. In the wake of several new primary aluminium projects coming…
IM Mengtai Al – Normal Operation
14/02/20 | Aluminium
Ordos Local News 12 February: Mengtai Aluminium smelter in Ordos IM is operating as normal with monthly output steady at present, thanks to sufficient alumina supply and smooth logistics. The primary aluminium ingot produced is being transported to the south China market every day, typically loaded in ten trucks –…
Gansu Xinzhou W Mine Postpones Resumption
13/02/20 | Tungsten
Asian Metal News As mandated by local authorities, Xinzhou Tungsten Mining in Gansu has postponed its resumption plans from 10th February to 1st March 2020. The company produced 100 t of scheelite (55% min grade) in January and currently holds 50 t in stock. Its output for December 2019…
China January Refined Zn Output 534.5 kt
13/02/20 | Zinc
Shanghai Nonferrous Metals News SMM: China produced 534.5 kt of refined zinc in January 2020, down 0.47% m-o-m, but up 23.1% y-o-y. During the Chinese New Year holiday in January, several smelters ran maintenance, some small-medium smelters in Hunan suspended operations, and some large smelters continued operating as normal. In…