September 21, the Asian styrene market closed both fell 6 US dollars / ton, FOB Korea received 1338-1339 US dollars / ton, CFR China received 1365-1366 US dollars / ton.

September 21, the US styrene market FOB US Gulf reported 60.8-61.3 cents / lb, FOB US poster 1337.6-1348.6 US dollars / ton.

LONDON (MarketWatch) – London Metal Exchange (LME) aluminum futures surged to a five-year high on Wednesday as China’s large producer, Chinalco, cut production in two months ahead of schedule and will soon lead to a decline in aluminum inventories.

London time on September 20 17:00 (Beijing time on September 21 00:00), three-month aluminum closed up 2.5 percent at $ 2,177 per ton, intraday hit since September 2012 up to 2,194.50 dollars.

China’s environmental governance action will lead to supply shortages worried about the price of aluminum, aluminum this year, the London metal market, the best performing metal, the cumulative increase of 28%.

Nearly two months before the official start of the winter, China’s largest state-owned producer, Alcoa, has begun to cut production in Hebei province.

According to data released by the International Aluminum Association (IAI) on Wednesday, China’s aluminum production in August was 2.64 million tonnes, down from 268.6 million tonnes in July, the lowest since April 2016.

In the context of strong haze, China has ordered 28 steel and aluminum producers in the city to cut production in the winter months. It is reported that, according to the Ministry of Environmental Protection and the National Development and Reform Commission and other regulatory authorities issued instructions, 28 cities smelters must also be aluminum and alumina production capacity reduction of more than 30%.

“China is trying to cut production before winter,” said Bernard Dahdah, an analyst at Natixis.

LME warehouse aluminum stocks fell to the lowest since January 1.3 million tons, compared with Tuesday to reduce 2,725 tons.

Three-month copper fell 0.2 percent to $ 6,527 a tonne, ending a modest three-day uptrend.

International Copper Research Group (ICSG) in the latest monthly report said that in June this year, the global refined copper market supply shortage of 70,000 tons in May for the shortage of 50,000 tons.

Three-month nickel closed up 2.2% at $ 11,380 a tonne.

Three-month lead rose 1.7% at $ 2,460 a tonne.

Three-month zinc rose 0.9% to $ 3,133 a tonne.

Three-month tin fell 0.1 percent at $ 20,625 a tonne.

September 20, the United States WTI crude oil futures rose in November, reported 50.69 US dollars / barrel, or 0.79 US dollars. Brent crude futures rose in November, reported $ 56.29 / barrel, or $ 1.15.

LONDON (MarketWatch) – London Metal Exchange (LME) nickel fell on Tuesday, close to a one-month low, which was involved in the fund’s profit-taking, but concerns about the supply of the Philippines and, in particular, the steady demand from China’s stainless steel mills, support.

London time on September 19 17:00 (Beijing time on September 20 00:00), three-month nickel closed down 0.85 percent, to $ 11,140 per ton, earlier fell to $ 10,875, the previous period nickel fell to August 18 to the lowest $ 10,845.

“From September to early September, nickel prices rose nearly 40% to $ 12,000,” said Robin Bhar, an analyst at Societe Generale in France. “The speculators are shipping.”

“We estimate that the marginal cost of production is around $ 10,400 / $ 10,500, which will constitute a downshift support, and the demand from stainless and non-stainless steel applications is robust.”

About two-thirds of the world’s 1.9 million tons of nickel demand is used to produce stainless steel. International Nickel Research Organization (INSG) data show that the nickel market in June supply shortage of 400 tons in May for the shortage of 6,700 tons.

LME nickel stocks remain in the majority of this year, 36-39 million tons, but the cancellation of the warehouse receipts to reduce the price pressure.

The market is also waiting for the Fed to start a two-day monetary policy meeting on Tuesday. The results of the meeting will be released at 4 am Beijing time on Thursday, the market generally expected interest rates will remain unchanged, but will announce the beginning of the table.

Zinc remained above $ 3,000 due to the expected shortage of supply, but high prices could mean that idle capacity would be put into production, increased production and new capacity.

Three-month zinc rose 0.29 percent to $ 3,106.

Spot zinc than three months of zinc rose to nearly 20 US dollars per ton, the highest in May 2015 to the highest.

Among the other base metals, copper for three months was up 0.1% at $ 6,539 a tonne.

Three-month aluminum rose 1.7% at $ 2,124 a tonne.

Three-month lead rose 1.26% to $ 2,420 a tonne.

Three-month tin fell 0.2 percent at $ 20,650 a tonne.