China

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Indian pig iron manufacturer - Vedanta has recently concluded pig iron export deal to China last week, as per market sources report to SteelMint. The company is heard to have concluded 35,000 MT basic grade pig iron export deal to China for Nov shipment at around USD 330/MT, CFR China .
News ID: 7344    Publish Date : 2019/11/04

Crude oil futures fell on Friday amid lingering uncertainty on whether, and when, the United States and China will agree a long-awaited deal to end their bitter trade dispute, the gloom compounded by rising crude inventories in the United States.
News ID: 7329    Publish Date : 2019/11/09

South Korean paraxylene (PX) producer S-Oil has changed the pricing basis for its 2020 term contract to include Argus cfr Taiwan and China assessments.
News ID: 7322    Publish Date : 2019/11/08

Higher prices and growing demand from titanium mill products have prompted some Chinese titanium sponge producers to resume operations or boost output this year.
News ID: 7320    Publish Date : 2019/11/08

According to market sources report to SteelMint, Indian pellet export prices have moved down in recent deals concluded by Odisha based pellet maker.
News ID: 7309    Publish Date : 2019/10/31

On 30 Oct, the Tangshan government issued has issued a notification stating that it has decided to re-initiate the grade II emergency response as part of its efforts to contain heavy polluting weather that is anticipated to occur from 1 Nov'19 due to worsened particulate dispersion conditions. This measure will be effective from 31 Oct'19 and lifting time will be notified at time deemed suitable.
News ID: 7298    Publish Date : 2019/10/31

Andy Home, a Senior Metals Columnist at Thomson Reuters, said at the SMM London Metal Exchange Week 2019 that China ’s aluminium production would likely grow significantly in 2020, indicating a potential jump in exports in anticipation of relatively moderate growth in domestic demand.
News ID: 7294    Publish Date : 2019/11/06

Indian imports of metallurgical coke fell to the lowest level in more than a year as the country's steel industry struggled, while mills that were still importing moved away from China for their supplies.
News ID: 7289    Publish Date : 2019/11/06

The broad commodities market rose modestly in October. The S&P GSCI was up 1.2% for the month and up 10.0% YTD. The Dow Jones Commodity Index (DJCI) was up 1.9% in October and up 6.7% YTD. Gains were spread surprisingly evenly across the individual commodity markets
News ID: 7235    Publish Date : 2019/11/01

Chinese state-owned nonferrous metals producer Zijin Mining said today that it has agreed to buy the Timok copper and gold mine in Serbia from US-based Freeport McMoran.
News ID: 7230    Publish Date : 2019/11/04

A Chinese scrap association is lobbying the government to end a ban on ferrous scrap imports to help relieve a domestic shortage and lower steel mills' costs.
News ID: 7224    Publish Date : 2019/11/05

Singapore, 5 November (Argus) ? Indian state-controlled petrochemical producer OMPL has issued a term tender to sell from New Mangalore 570,000t of paraxylene (PX), or 50,000t each month next year except for 20,000t in April. Bids should be submitted by 13 November with validity to the next day.
News ID: 7223    Publish Date : 2019/11/05

South Korea's largest paraxylene (PX) producer SK Global Chemical (SKGC) has changed the pricing basis for its 2020 term contract to include Argus cfr Taiwan and China spot assessments.
News ID: 7120    Publish Date : 2019/11/04

Oil slipped toward $61 a barrel on Monday, falling for a second day, pressured by expectations for a rise in US crude inventories and fading optimism over a US- China trade deal.
News ID: 7100    Publish Date : 2019/10/29

According to statistics, the port inventory of chrome ore in this week is 3.299 MnT, which is 99,000 MT more than that on October 18 which was 3.2 million tons. (unpacked containers and those in bonded warehouses at Tianjin port not counted).
News ID: 7094    Publish Date : 2019/10/25

China ’s semi-finished steel surged in Sep’19 amid scrap ban. On 1st Jul'19, China 's Ministry restricted imports of scrap with importers requiring proper permits.
News ID: 7088    Publish Date : 2019/10/24

Prices of Ferro Silicon have remained stable for the past two weeks despite the weakening of the steel market. However, such stability in prices is attributed to the lower stocks with the producers. Ferro Silicon prices have been hitting low for quite some time now and are the lowest in the past three years.
News ID: 7087    Publish Date : 2019/10/24

Shanghai Metals Market reports that China is speeding up the development of new energy vehicles, as Beijing and other major cities have announced plans to replace gas-powered taxis with electric cars in the next few years, as part of an initiative to boost NEV sales and reduce pollution.
News ID: 7075    Publish Date : 2019/11/01

South Korean electric vehicle (EV) battery producer SK Innovation is nearing completion of two overseas plants that will more than quadruple its production capacity. But the company acknowledges that it will take as long as a year to bring them up to full output.
News ID: 7071    Publish Date : 2019/11/01

With China becoming a key hub of Graphite electrodes over past two years, the demand for its key raw material – needle coke also increased. Few years back, before the hype around GE industry happened, needle coke was not of major interest to the steel industry participants. However, tables turned and in time span of two years, China added to its needle coke capacity, 550,000 tonnes in 2018 and 510,000 tonnes in 2019 (making its total capacity 1.06 MnT), thus leading to its increased supplies in the domestic market.
News ID: 7053    Publish Date : 2019/10/23

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