Market Insights
On April 26, the Shanghai Futures Exchange (SHFE) copper closing price rose to Yuan 81,100/tonne, with an increase of 1.2% day on day and 12.5% month on month. Bare bright copper price in the Foshan market increased by Yuan 6,000/tonne or 9.1% month on month, reaching a high of Yuan
As of April 25, China's zinc ingots' social inventory of six districts decreased by 10,700 tonnes from Monday and 11,300 tonnes from last Thursday to 198,600 tonnes, according to Mysteel's survey. Written by Durand Du, duxiaoyu@mysteel.com Edited by Paula Xu, xuzhongping@mysteel.com
As of April 26, China's lead concentrate port inventory was unchanged and remained at 15,000 tonnes, but zinc concentrate port inventory decreased by 5,000 tonnes from last Friday to 146,000 tonnes, according to Mysteel's survey. Written by Durand Du, duxiaoyu@mysteel.com Edited by Paula Xu,
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China's zinc ingots social inventory decreases this week