China

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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

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

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