China

Tags - China
Chinese spot iron ore prices dropped today to USD 88.5/MT, CFR China , as on 13th Aug’19. The prices fell as against USD 95/MT, CFR China towards closing of last weekend. The drop is attributed to reduced demand, increased supply and lowered construction activities in China . Few Chinese mills have reached breakeven levels and hence, are moving ahead to limit production.
News ID: 5921    Publish Date : 2019/08/15

China 's refusal to buckle under US tariff threats is creating increasing strains on the oil market and global economy
News ID: 5877    Publish Date : 2019/08/12

Albemarle Corp (NYSE: ALB), the world’s No. 1 lithium producer, is delaying plans to add about 125,000 tonnes of processing capacity as an oversupply of the white metal used to make the batteries that power electric vehicles (EV) and high tech devices continues to push down prices.
News ID: 5864    Publish Date : 2019/08/08

After hitting almost 6 years high levels on tight scrap supply, eastern China ’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced the price cut for all grades of domestic steel scrap procurement by RMB 30/MT (USD 4) effective from today 6th Aug’19.
News ID: 5861    Publish Date : 2019/08/08

Gold futures rallied above $1,500 an ounce on sustained demand for the traditional haven as the US- China trade war festers, global growth slows and central banks around the world ease monetary policy.
News ID: 5834    Publish Date : 2019/08/07

China 's imports of iron-based metallics have increased at their fastest pace since 2012, as the country's steel producers seek to control pollution and find alternatives to scrap and iron ore.
News ID: 5823    Publish Date : 2019/08/07

New copper wire chopping capacity that came on line in the US over the last two years sought to convert an abundance of insulated wire into exportable, higher-quality grades in response to tougher scrap import standards from key consumer China .
News ID: 5820    Publish Date : 2019/08/07

Iron ore pellet prices were lower on the back of a broader fall in ferrous markets since yesterday.
News ID: 5797    Publish Date : 2019/08/06

Full Order Books – Krapohl-Wirth Company Group Satisfied with the Result of GIFA in June 2019 in Dusseldorf, Germany
News ID: 5795    Publish Date : 2019/08/06

After Liu Zhongtian, the largest shareholder of China Zhongwang Holdings Ltd had been accused of ditching the U.S. about US$1.8 billion in tariffs through a scheme, the company said on Sunday it was seeking legal advice on the matter.
News ID: 5791    Publish Date : 2019/08/06

The latest round of US tariffs on China could push Beijing to buy Iranian oil as a retaliationf, Bank Of America Merill Lynch announced.
News ID: 5787    Publish Date : 2019/08/06

For the past year, copper traded like a seesaw on the on-again, off-again hopes of a U.S. and China trade deal. Now it’s more like a rollercoaster ride down.
News ID: 5774    Publish Date : 2019/08/06

Gold hit a six-year high on Friday as investors piled into the safe haven metal amid an escalating US- China trade war, and the prospects of a return to ultra-loose monetary policy by the Fed.
News ID: 5741    Publish Date : 2019/08/05

This week global billet market witnessed some trades from Iranian mills to China . The prime reason for China importing billets is imposition of environmental restrictions production. The other prime markets remained silent amid disparity between bids & offers.
News ID: 5736    Publish Date : 2019/08/05

Indian mill heard to have concluded a bulk parcel of 50,000 MT granulated pig iron (GPI) last week to China at around USD 340-350/MT FOB India east coast, SteelMint learnt from market sources.
News ID: 5731    Publish Date : 2019/08/05

Domestic plate prices have remained stable this week after witnessing continuous correction over seasonal slowdown with onset of monsoon season and thin trades happening in domestic market.
News ID: 5730    Publish Date : 2019/08/05

According to market sources report to SteelMint, China has booked around 44,000 MT billet from Iran this week. The deal value was reported to be USD 390/MT FoB Iran for which landed price would come around USD 440-445/MT, CFR levels
News ID: 5722    Publish Date : 2019/08/05

According to the latest reports, key industry officials of CISA ( China Iron and Steel Association) in its annual midyear convention has highlighted that China ’s is set to increase its efforts to keep in check the unwanted, polluting and substandard steel output in order to contain risks from excess capacity and promote high quality development in the steel industry.
News ID: 5720    Publish Date : 2019/08/05

Iranian Vice-President and Head of the Management and Planning Organization Mohammad Baqer Nobakht stressed failure of enemies in leaving a major impact on Iran's economy by imposing the toughest-ever sanctions.
News ID: 5668    Publish Date : 2019/08/01

This week, the price of RSA chrome ore has gone up by USD 5-7/MT CIF China due to supply quantity control by major suppliers. This prompted the mainstream producing countries such as Turkey and Pakistan to lift up their offers on future supply.
News ID: 5643    Publish Date : 2019/08/01

Most Like