China

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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

Chilean miner Antofagasta Plc. (LON: ANTO) said Thursday it was striving to offset the impact of lower copper prices, which have fallen 4% this year due to uncertainties brought by the US- China trade war.
News ID: 6121    Publish Date : 2019/08/22

A long-delayed petrochemical complex at Gulei in southeast China is making some progress, after its backers secured almost $3bn in funding and began construction.
News ID: 6118    Publish Date : 2019/08/22

HA president Franz Butz gave a lecture at the China Foundry Industry Meeting on August 13.
News ID: 6097    Publish Date : 2019/08/22

U.S. Court of International Trade has affirmed virtually all of the U.S. Department of Commerce’s final antidumping determination on certain aluminium foil imported from China . The Aluminum Association has welcomed the court’s decision in a statement. Aluminum Association Vice President for Policy and International Trade Lauren Wilk said:
News ID: 6095    Publish Date : 2019/08/22

The Chinese operator of the Democratic Republic of Congo’s largest copper producer has told employees that it’s struggling to make money as the collapse of cobalt and copper prices hits miners in the country.
News ID: 6078    Publish Date : 2019/08/21

According to National Bureau of Statistics, China - world's largest consumer and importer of iron ore has witnessed slight rise in crude iron ore production for July’19.
News ID: 6072    Publish Date : 2019/08/20

China 's apparent consumption of crude steel over January-July rose 8.9% on year to 526.76 million mt and will be robust enough to absorb the surge in domestic steel production this year, according to S&P Global Platts estimates.
News ID: 6053    Publish Date : 2019/08/19

SteelMint in conversation with trade sources indicated that low grade iron ore fines export price have come down sharply following global trend. SteelMint’s assessment for low grade (Fe 57%) iron ore fines is around USD 55-60/MT, CFR China down by USD 10/MT as against being USD 65/MT, CFR China a week before. In a month’s time, low grade fines export assessment has come down by around USD 30/MT.
News ID: 6050    Publish Date : 2019/08/19

As per data released by National Bureau of Statistics (NBS) China ’s crude steel output reduces by 3% on monthly basis to 85.22 MnT in Jul’19 in comparison with 87.53 MnT in Jun’19.
News ID: 6035    Publish Date : 2019/08/18

The Philippines’ top exporter of high-grade nickel ore is expected to shut its mining operations soon as ore deposits at a project in the nation’s southernmost province of Tawi-Tawi are nearly depleted, a ministry official told Reuters.
News ID: 6027    Publish Date : 2019/08/18

China ’s biggest cobalt refiner Zhejiang Huayou Cobalt said on Thursday its overseas unit is pulling out a deal to invest $66.3 million in a cobalt mine in the Democratic Republic of Congo (DRC) after prices of the metal slid.
News ID: 6026    Publish Date : 2019/08/18

China ’s major steelmaker - Baosteel has announced increase in its steel prices for September deliveries. The company has increased its steel prices by RMB 50-150/MT (USD 7-12/MT) in its Baoshan, Meishan and Dongshan base for Sep deliveries.
News ID: 6002    Publish Date : 2019/08/17

This week global billet market remained sluggish. The market is under pressure from trade war between China and the US.
News ID: 5996    Publish Date : 2019/08/17

Malaysia has granted Australia’s Lynas Corp (ASX: LYC) an extension on its operating licence for a rare earths processing plant, subject to various conditions and valid only for six months, keeping alive concerns about the miner’s fate in the Southeast Asian country.
News ID: 5985    Publish Date : 2019/08/16

Eastern China ’s largest private ferrous scrap consumer and EAF steelmaker – Shagang Jiangsu Steel group has announced another price cut for all grades of domestic steel scrap procurement by RMB 30/MT (USD 4) effective from today 8th Aug’19. Notably, this is the second successive price lowering announced this week.
News ID: 5974    Publish Date : 2019/08/16

China 's first-half receipts of Russian thermal coal rose by 15pc from a year earlier to 9.4mn t, Chinese customs data show, with imports of bituminous coal registering the most significant growth. Russian suppliers benefited from restrictions on imports of Australian coal imposed by the Chinese government.
News ID: 5942    Publish Date : 2019/08/15

In 2019, although the global needle coke prices maintained an uptrend, the Chinese prices moved in the opposite direction. The country’s needle coke market was affected by the decline in graphite electrode prices, and the domestic prices dropped 30-40% compared to 2018. Whereas over the same period, the companies ex- China continued to raise the needle coke prices, resulting in a price surge of 20% Y-O-Y basis.
News ID: 5924    Publish Date : 2019/08/15

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