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SHANGHAI, Apr 4 (SMM) - In terms of imports from Asia, China imported 3,100 mt of copper anode from South Korea in January (+74.76% MoM, -15.29% YoY), versus 1,600 mt from Thailand (+3.46% MoM, -5.48% YoY).
SHANGHAI, Apr 4 (SMM) - In February, China imported 33,000 mt of copper anode from Zambia (-36.2% MoM, -23.91% YoY).
After Saudi Arabia and other major oil producers announced voluntary production cuts, crude oil bull Goldman Sachs has raised its forecast for Brent crude oil prices by the end of 2023 from $90 to $95, and by the end of 2024 from $97 to $100.
Enamelled wire orders were relatively stable last week, and most companies said that the progress of production was in line with expectations. According to the survey, the order increase of each downstream industry was not obvious. A few small enterprises said that the transformer industry and the motor industry received more orders compared with other industries, and orders in the power industry and household appliance industry were relatively stable.
SMM statistics showed that China’s steel product port shipments under domestic trade totalled 5.21 million mt in the week of March 25-31, down 11% week-on-week.