Metals &Mining Alert:Daily prices and news,China winter output cuts gather momentum

Industrials (/lb): aluminum $0.98(-0.6%), copper $2.93(-0.4%), lead $1.13(-1.2%), molybdenum $7.14(+0.0%); nickel $4.73(-5.3%); zinc $1.37(-2.2%);Precious (/oz): gold $1,297(+0.5%), silver $17.00(+0.2%); Steel (/mt): ChinaHRC $617(-1.9%), SHFE Rebar $546(-3.4%), MB Scrap Index $316(-4.8%);Bulks: iron ore (/dmt) $64(-3.8%), coking coal (/mt) $201(-1.2%), freight (BCI)3,147(+6.8%); Energy: Brent (/bbl) $56.86(+0.8%), WTI (/bbl) $50.66(+0.2%),natural gas (/mmBtu) $2.96(+0.4%), thermal coal (/t) $97(-0.1%).

    Cities in China’s top non-ferrous smelting province, Anhui, plan to cut outputin steel, non-ferrous smelting, cement and coal-fired power sector over winter.Even though the eastern Chinese province was excluded from Beijing’s wintersmog “battleplan” which applied to 28cities in northern region, latest capacitycut announcements are driven by Anhui’s failure to meet YTD target ofreducing hazardous air pollutants. Also, Xingtai city in Hebei releases details ofwinter production curbs. Xingtai Iron & Steel (capacity: 3mt/pa) and DelongSteel (2mt) to operate at 50% from Nov15-March 15. (SBB)