This week Chinese steel prices witness significant fall in the wake of volatile futures along with intensifying US-China trade war. Also in the beginning of this week Yuan depreciated against USD which lead to further fall in domestic prices.
News ID: 6373 Publish Date : 2019/08/31
Chinese HRC export offers slide further over thin trades- This week Chinese HRC exports offers move down slightly over subdued trades. Meanwhile overseas buyers continue to bid on lower side in order to procure material at cheaper prices.
News ID: 6359 Publish Date : 2019/09/03
Waste from a nickel plant in Papua New Guinea owned by Metallurgical Corporation of China spilled into the adjacent Basamuk Bay over the weekend, three sources told Reuters on Wednesday.
News ID: 6217 Publish Date : 2019/08/28
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
Chinese HRC export offers in free fall- Chinese HRC exports offers continue to show downtrend both in domestic and overseas market over volatile futures and weak demand from overseas buyers.
News ID: 6155 Publish Date : 2019/08/25
The Indonesian physical coal market made a typically slow start to the week, as details of cargoes awarded in a relatively large Chinese -state controlled utility tender late last week began to emerge.
News ID: 6057 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
In the beginning of this week imported HRC offers to Vietnam reported decline as buyers are expecting further downside in prices over volatility in Chinese prices and lower export offers from India amid weakening domestic prices.
News ID: 6006 Publish Date : 2019/08/17
This week Chinese steel prices reported significant decline owing to volatile futures amid intensifying US-China trade tensions and pessimistic market sentiments both in domestic and overseas market.
News ID: 5990 Publish Date : 2019/08/17
Chinese private-sector firms Rongsheng and Hengli relied on petrochemicals to generate profits in this year's first half, despite raising run rates at their new integrated refineries.
News ID: 5873 Publish Date : 2019/08/12
Chinese spot iron ore prices dropped to USD 99.15/MT, CFR China, as on 5th Aug’19. The prices fell as against USD 108.45/MT, CFR China towards last weekend.
News ID: 5863 Publish Date : 2019/08/08
Physical prices of low-calorific value Indonesian coal were flat to slightly softer today following the results of a Chinese utility tender, which was awarded at prices below recent spot deal levels.
News ID: 5819 Publish Date : 2019/08/07
A steep downturn in consumer spot demand and geopolitical turmoil dragged European tungsten prices to a near three-year low, with the premium to the Chinese market narrowing, despite the yuan's depreciation this month.
News ID: 5816 Publish Date : 2019/08/07
Physical prices of low-calorific value (CV) Indonesian held relatively steady today, as details of a cargo awarded in a Chinese utility tender started to filter through to the market at a lower price compared with recent comparable spot trades.
News ID: 5801 Publish Date : 2019/08/06
Global ferrous scrap prices remained majorly rangebound on limited trades being reported. Turkey steelmakers remained totally silent, however, increasing domestic scrap prices in US and expected improvement in the Japanese scrap prices likely to pull spot scrap prices up in the coming days. Chinese scrap prices hit a record high with the recent hike announced for domestic scrap purchase by Shagang Steel.
News ID: 5767 Publish Date : 2019/08/06
Representatives from Tibet Summit Resources announced that they want to invest $180 million in a lithium carbonate plant to be located in Argentina’s Salta province.
News ID: 5743 Publish Date : 2019/08/05
Chinese HRC export offers inch down over ample supply- This week Chinese HRC exports offers witnessed slight correction amid availability of increased stock levels both in domestic and overseas market. Thus overseas buyers are reluctant to purchase over expectation of further decline in prices on the back of volatile futures.
News ID: 5689 Publish Date : 2019/08/02
Billet: Yesterday, the ex-factory price of general carbon square billet in Tangshan, Changli and Qian‘an was settled at RMB 3,650/MT, up RMB 10. Today, the steel market is weak, and the prices of finished products trend lower. Mill direct sales are insufficient. The ex-warehouse spot is around RMB 3,700/MT tax-included with a few transactions.
News ID: 5654 Publish Date : 2019/08/01
Indian Ferro Chrome prices increased owing to higher Nickel prices and the improved Stainless-Steel prices in recent weeks. Ferro Chrome producers are relieved by the uptrend in the prices of Nickel and Chrome Ore and commented that now they are optimistic that the prices may have bottomed out for now and that the aggressive fall in prices has stopped. Overall prices of Ferro Chrome has increased in line with Chinese prices.
News ID: 5551 Publish Date : 2019/07/29
Indian pellet export market remained less active so far this week. SteelMint in conversation with market participants learned that Chinese traders are adopting ‘wait & watch’ approach before making any new bookings.
News ID: 5512 Publish Date : 2019/07/28