China

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China ’s largest lithium battery maker has bought an 8.5% stake in Australian miner Pilbara Minerals (ASX:PLS), both companies said on Thursday, after falling prices caused mainly by oversupply drove the lithium producer to raise equity to fund working capital.
News ID: 6296    Publish Date : 2019/09/04

Further signs began to emerge that low-calorific value (CV) Indonesian coal prices could be starting to firm, with bids emerging at slightly higher levels than yesterday.
News ID: 6293    Publish Date : 2019/09/03

Where are zinc prices headed? It’s a question that brings distinctly different opinions and forecasts from the bullish and bearish camps.
News ID: 6292    Publish Date : 2019/09/03

Investors are going for gold in a big way. Inflows into bullion-backed exchange-traded funds topped 100 tons in August to hit the highest since February 2013 as the trade war worsened, risk assets took a knock, and central banks signaled looser monetary policy.
News ID: 6291    Publish Date : 2019/09/03

Ahandful of oil tankers carrying US crude to China are racing to beat the September 1 deadline when Beijing's 5% tariff on US crude imports will kick in, but not all will cross the finishing line on time.
News ID: 6267    Publish Date : 2019/08/29

Chinese producer SP Chemical has achieved on-specification ethylene production at its Taixing 700,000 t/yr LPG-based cracker.
News ID: 6215    Publish Date : 2019/08/28

A shortage of bunker fuel and barges in Singapore has sent delivered premiums for 380cst high-sulphur fuel oil (HSFO) to record highs.
News ID: 6214    Publish Date : 2019/08/28

China 's ferrous scrap consumption totalled 101.1mn t in this year's first half, up by 15.3pc from a year earlier on the back of higher scrap feed in the basic oxygen furnaces (BoF) of blast furnace-based steel mills.
News ID: 6213    Publish Date : 2019/08/28

Towards the end of this week imported HRC offers to Vietnam witness further slump on the back of continual drop in HRC export offers from China . Thus buyers based in Vietnam are eyeing for lower HRC offers from China and thus continue to keep bidding on lower side.
News ID: 6206    Publish Date : 2019/08/28

Bearish sentiments in China ’s graphite electrodes market continued this week amid drop in the country’s domestic steel prices. The tepid downstream demand is taking toll upon China ’s GE market and few of the EAF manufacturers have stalled their production resulting in plunge in GE demand and its prices (especially that of non-UHP grade electrodes and small sized electrodes).
News ID: 6201    Publish Date : 2019/08/28

Following the constant downturn in semi-finished and finished steel prices, market expects Odisha merchant miners to revise iron ore prices in the near short term. Current SteelMint assessment of 5-18mm is at INR 3,700-3,800/MT and for fines is at INR 2,000/MT ex-mines, including Royalty, DMF & NMET, GST extra). As per the sources, market participants are expecting a price cut from the Odisha merchant miners soon. Although miners haven't announced any indications yet but trade sources are expecting a reduction of INR 150-200/MT.
News ID: 6198    Publish Date : 2019/08/27

Eastern China ’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced price hike for all grades of domestic steel scrap procurement by RMB 50/MT (USD 7) effective from yesterday 21st Aug'19. Notably, after witnessing successive 4 price cuts by a total RMB 160 in the first two weeks of Aug’19, the steelmaker has lifted scrap prices on environmental issues and tightening supply again.
News ID: 6196    Publish Date : 2019/08/27

Iron ore miner Fortescue Metals Group on Monday posted a record profit and bumper dividend, and said it was still seeing solid demand growth despite trade tensions between China and the United States.
News ID: 6190    Publish Date : 2019/08/26

China will implement an additional 5pc tariff on imports of US copper scrap, increasing the total tariff to 30pc, effective 15 December.
News ID: 6187    Publish Date : 2019/08/26

China 's coking coal imports rose in July as Chinese steel producers increased their restocking with import quotas at various ports fast running out.
News ID: 6186    Publish Date : 2019/08/26

The Indonesian physical coal market made a typically slow start to the week, even as enquiries began to increase since the end of last week as some market participants see the market may be finding a floor.
News ID: 6183    Publish Date : 2019/08/26

Indian pellet export market continues remain slow as market participants are awaiting firm bids from China . According to the market participants, no firm bids for pellets from China were heard but indications for export around USD 110-115/MT, CFR China levels (3% Al pellets).
News ID: 6182    Publish Date : 2019/08/26

China 's plans to levy 5% tariff on US crude imports from September 1 caused a drop in benchmark crude prices Friday, jeopardized seaborne US crude shipments heading to China and limited buying interest in US crude from Chinese refiners.
News ID: 6162    Publish Date : 2019/08/25

US president Donald Trump ordered an increase in tariffs on imports from China after Beijing today struck back against his latest round of tariffs on imports from China by imposing a 5pc tariff on imports of US crude.
News ID: 6146    Publish Date : 2019/08/24

China will implement an additional 5pc tariff on imports of US copper scrap, increasing the total tariff to 30pc, effective 15 December.
News ID: 6143    Publish Date : 2019/08/24

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