China

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The Chinese graphite electrodes prices especially that of UHP grade continues to remain stable this week. The current prices in China of UHP grade GE of size 450mm are heard to be in the range of RMB 24,000 – 26,000/MT (USD 3,470 – 3,760/MT) whereas that of size 600mm are in the range of RMB 48,000 – 60,000/MT (USD 6,940 – 8,675/MT).
News ID: 4831    Publish Date : 2019/06/16

In the latest conversation with market sources based in Bangladesh, SteelMint analyzed that imported HRC offers to Bangladesh from China witnessed significant decline by USD 20-25/MT in last couple of weeks. Bangladesh market has opened this week after Eid holidays.
News ID: 4826    Publish Date : 2019/06/15

According to latest data released by Chinese customs, nation’s finished steel exports in May’19 stood at 5.74 MnT, declined by 9% over 6.33 MnT in Apr’19.
News ID: 4810    Publish Date : 2019/06/11

According to General Administration of Customs, China - the world's largest iron ore consumer and importer, recorded 4% rise in iron ore imports to 83.75 MnT in May'19 against hitting 18 months low in Apr'19 at 80.77 MnT.
News ID: 4809    Publish Date : 2019/06/11

This week imported HRC offers to Vietnam inched down further in line with continual decline in HRC export offers from China . Chinese HRC exports offers have reached to rock bottom due to significant fall in domestic prices.
News ID: 4808    Publish Date : 2019/06/11

China ’s Heilongjiang Changsheng Carbon Co. Ltd., located in Sahngzi city of Heilongjiang province has once again started the production of graphite electrodes after the closure for almost seven years. The factory formerly known as Luohe Carbon Plant was closed down in the year 2012 amid poor market demand.
News ID: 4805    Publish Date : 2019/06/11

This week Chinese steel prices reported continual decline and witnessed significant fall amid pessimistic market sentiments and dull outlook prevailing in domestic market. Also volatile futures lead to further fall in steel prices in China .
News ID: 4801    Publish Date : 2019/06/11

Preliminary data released by Japan’s Ministry of Finance show that the country’s crude oil imports from Iran dropped 42% month-on-month to 169,100 barrels per day in April.
News ID: 4783    Publish Date : 2019/06/09

Eastern India based pellet maker has concluded an export deal for around 50,000 MT for regular grade pellets (Fe 64%, containing 3% alumina) for June loading. According to the sources, the deal has been concluded at around USD 123-124/MT, CFR China .
News ID: 4772    Publish Date : 2019/06/07

The new steel minister Dharmendra Pradhan has his task cut out. Right from reining in the rising trend of imports to ensuring uninterrupted supply of iron ore and bank credit to the industry for capacity addition, the new minister will have a tough time in office, at least in the short to medium term.
News ID: 4769    Publish Date : 2019/06/07

The upheaval in graphite electrodes demand in the past two years and a steady surge in the requirements for graphite anodes for lithium-ion batteries in China has boosted the needle-coke demand in the country.
News ID: 4766    Publish Date : 2019/06/07

Indian iron ore export volumes increased by 45% to 2.05 MnT in May'19 as against 1.42 MnT in Apr'19. On yearly basis, iron ore export increased significantly as against 0.79 MnT in the month of May'18. Iron ore exports from India have climbed to 13-months high as similar level of exports was last seen in Mar'18 at 2.63 MnT.
News ID: 4765    Publish Date : 2019/06/07

According to market sources report to SteelMint, west India based pellet maker – Jindal SAW has concluded pellet export deal to China for 50,000 MT pellet consisting of Fe 63% (around 1.5% Al). The deal is heard to have concluded at USD 116/MT, FoB India for June shipment.
News ID: 4754    Publish Date : 2019/06/04

This week imported HRC offers to Vietnam slumped further amid weakening HRC export offers from China . Chinese HRC export offers continued to remain on downside and hovering at USD 500/MT FoB China .
News ID: 4753    Publish Date : 2019/06/04

Preliminary data released by Japan’s Ministry of Finance show that the country’s crude oil imports from Iran dropped 42% month-on-month to 169,100 barrels per day in April.
News ID: 4740    Publish Date : 2019/06/03

Although refiners in Asia are not left without choice for crude after the end of the US sanction waivers for Iranian oil, the higher price of alternative supplies, as well as soaring fuel exports from China , are depressing refining margins across Asia.
News ID: 4727    Publish Date : 2019/06/02

With rare earths in the cross hairs of the U.S.- China trade war, there’s a sharp focus on who else can sell the critical minerals.
News ID: 4725    Publish Date : 2019/06/02

In today's market of Silico Manganese, the expectation for upswing is still passionate. HBIS Group announced the purchase amount of Silico Manganese in June: 31,990MT, an increase of 2,500 MT compared with May 2019 and up 7,420 MT compared with 24,570 MT of June 2018.
News ID: 4709    Publish Date : 2019/06/01

Tangshan Jinma Steel based in China 's top steelmaking province of Hebei is set to invest 12.5 billion yuan to build a steel production base in Chifeng city of Inner Mongolia, according to market sources.
News ID: 4707    Publish Date : 2019/06/01

Central banks around the globe have been on a gold buying spree this year, with Russia and China leading the pack.
News ID: 4687    Publish Date : 2019/05/31

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