Platinum: +2.2% Turkey steel scrap: +1.9% Zinc: +1.8% Aluminum: +1.2% Copper: +0.9% Iron ore: -2.7% Coal: -4.8%
aluminium
Weekly change in stocks and arbitrage on October 12th, 2019
Aluminum stocks of SHFE and LME jumped respectively +0.3% and +1%. Copper stocks of LME and US decreased respectively -1.1% and -0.3% while copper stocks of SHFE increased +14.5%. Zinc stocks of LME descended -2.9% but zinc stocks of SHFE ticked up +4.4%.
Alumina bearish trend!
Alumina price CFR Australian ports is approaching to $292 which is the lowest level since 2 years ago. This drop is caused by the Hydro Aluminium Metal Products S.R.L. announcement that is going to increase its output (3 million MT) in Brazil. It is reported that Chinese companies are ready to bid $300 CIF per…
Minerals and basic metals’ production of Iran on spring released as follow:
Aluminum production reduced 32% and copper cathode output dropped 27% from March 21st ~June 21st of 2019. Last year 238000 MT of alumina powder was manufactured in Iran and this year over 22 thousand MT of alumina powder was produced from May 22nd to June 21st of 2019 (one month). 276 thousand MT of aluminum…
Iran Non-Ferrous Metals Industries
#Non-ferrous_metals_industries including #Aluminum, #Copper, #Zink and #Gold are faced with major challenges in Iran. Both domestic and foreign reasons influence on these markets. Domestic policies and sanctions against Iran had caused different problems. #Non-ferrous metals are the symbol of industrial progress in all countries but unfortunately they are not considered as significant as #Steel_industry in…
Weekly Change of Commodities’ Inventory
Aluminum: -2.2% of LME London inventory and -3.5% of Shanghai inventory Copper: -3.8% of Shanghai inventory and +1.2% of US Inventory. No change in London Inventory Zink: -4% of London inventory and +1.8 of Shanghai inventory Lead: -3.1% of London inventory