News

  • by admin on 01-19-2018

    Spot treatment and refining charges for imported concentrates for Chinese smelters dipped to $74-85/mt and 7.4-8.5 cents/lb last week, from $76-85/mt and 7.6-8.5 cents/lb in the preceding week, amid tighter concentrates supply, industry sources in China said Monday. In November last year, the TC/... Read more »

  • by admin on 01-19-2018

    The Platts ex-works Shanxi daily spot alumina assessment firmed Yuan 30/mt ($4.70/mt) on Wednesday to Yuan 2,830/mt cash, on a bid-ask spread of mostly Yuan 2,800-2,850/mt. The current level also reflected an increase of Yuan 30/mt on the week and from a month ago. A south China smelter said Wedn... Read more »

  • by admin on 01-17-2018

    Semi-carbonated manganese ore prices to China firmed Friday while carbonated material prices held steady. Market participants said February and March offers for 37% manganese ore were being made to Chinese buyers at $6.50-$7.00/dry metric ton unit but prices were being accepted at the lower end o... Read more »

  • by admin on 01-17-2018

    China’s largest ferrous scrap consumer Jiangsu Shagang Group cut its buying price for heavy melting scrap by Yuan 50/mt ($8/mt) on January 13 and another Yuan 50/mt on January 15, according to a company source Monday. After the adjustment, Shagang will pay Yuan 2,460/mt ($383/mt) including ... Read more »

  • by admin on 01-15-2018

    Brazilian iron ore exports to China in 2017 totaled 216.09 million mt, an increase of 1.5% from 2016, accounting for 61% of total Brazilian iron ore exports of 353.26 million mt, Ministry of Trade and Development data showed Tuesday. However, the sales value of shipments to China last year jumped... Read more »

  • by admin on 01-15-2018

    Indonesia’s coal exports are forecast to reach 371 million mt this year, up 7% from last year, a senior government official said Friday. Assuming an average price of $80/mt, the value of coal exports this year is expected to reach $29.68 billion, according to Bambang Gatot Ariyono, mineral ... Read more »

  • by admin on 01-12-2018

    Chinese merchant metallurgical coke makers and integrated steel producers with coke plants are riding high on a spike in domestic LNG prices by boosting output of coke oven gas, a byproduct when making coke, sources told S&P Global Platts. Local authorities in Shanxi province, China’s l... Read more »

  • by admin on 01-12-2018

    Indonesia’s Ministry of Energy and Mineral Resources set its January thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $95.54/mt, up 10.8% on the year and 1.6% from December. The ministry had set the price for December at $94.04/mt and for January 2017 at $86.23/mt... Read more »

  • by admin on 01-12-2018

    The Platts ex-works Shanxi daily spot alumina assessment firmed Yuan 50/mt ($7.70/mt) Tuesday to Yuan 2,800/mt cash. The current level is an increase of Yuan 120/mt on the week, but down Yuan 350/mt from a month ago. A smelter in southern China said he received spot offers this week at Yuan 2,800... Read more »

  • by admin on 01-10-2018

    The weekly assessment by S&P Global Platts of 58%-60% Cr high-carbon ferrochrome was made at 89-92 cents/lb CIF China, up from 88-90 cents/lb last week. Charge chrome with 48%-52% chrome content was unchanged at 89-91 cents/lb CIF China. An Indian producer reported an offer this week at 92-93... Read more »

  • by admin on 01-08-2018

    The Platts ex-works Shanxi daily spot alumina assessment gained another Yuan 40/mt ($6.15/mt) on Thursday to Yuan 2,750/mt cash, after firming Yuan 30/mt on Wednesday. The current price was also up Yuan 70/mt on the week, but was down Yuan 570/mt from last month. On Thursday, the bid-ask spread s... Read more »

  • by admin on 01-08-2018

    The Platts ex-works Shanxi daily spot alumina assessment firmed Yuan 30/mt ($4.62/mt) on Wednesday to Yuan 2,710/mt cash, on a bid-ask spread of Yuan 2,700-2,720/mt. The current price, however, reflected a decline of Yuan 10/mt on the week, and was down a sharp Yuan 610/mt from last month. Offer ... Read more »

  • by admin on 01-02-2018

    Asian monoethylene glycol rose $11/mt day on day to be assessed at $942/mt Thursday, the highest since September 12 when it was assessed at $949/mt, S&P Global Platts data showed. From a week earlier, the CFR China MEG price was up $22/mt. Asian MEG has been rising through the week amid tight... Read more »

  • by admin on 01-02-2018

    China’s independent refineries have received their first round of crude import allocations with volumes close to their annual ceiling, a move that will allow them to better pace their imports through the year and bring more efficiency to their crude buying. The Ministry of Commerce on Wedne... Read more »

  • by admin on 12-29-2017

    Shanghai Futures Exchange’s aluminum prices rebounded for two consecutive days, after a Ministry of Environmental Protection circular urged the metal sector to cut surplus supply, Chinese industry sources said Thursday. SHFE’s most active 1802 aluminum futures contract prices broke ab... Read more »

  • by admin on 12-29-2017

    China is to keep export taxes for metals products at current levels in 2018, the finance ministry said Wednesday. There will still be no export tax on non-alloy aluminum with metal content of over 99.95%, while the export tax on non-alloy aluminum with metal content below 99.95% will remain at 15... Read more »

  • by admin on 12-26-2017

    Spot Chinese magnesium ingot prices in November averaged Yuan 14,300/mt ($2,145), down 14.35% year on year, while they averaged Yuan 14,900/mt over January-November, up 6.46% on the year, the Shaanxi E-commerce Center of Magnesium said on its website Thursday. The center attributed the weaker pri... Read more »

  • by admin on 12-26-2017

    Freight rates for shipping coal from northern China’s Qinhuangdao port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou in eastern and southern China continued to climb up in the week to Tuesday, although at a slower pace than in previous seeks, port operator Qinhuangdao P... Read more »

  • by admin on 12-21-2017

    Yinchuan in northwest China’s Ningxia Hui Autonomous Region, a key magnesium and ferroalloy production base, has released a list of metal producers asked to shut from November 27 to March 10 to cut emissions, the Yinchuan branch of the Ministry of Industry and Information Technology said Tu... Read more »

  • by admin on 12-21-2017

    China has found that five producers — including aluminum and steel producers — have not limited output or shut to comply with the government’s winter emissions cuts running from November 2017 to March 2018, the Ministry of Environmental Protection said in a circular Tuesday. Tai... Read more »

  • by admin on 12-21-2017

    Lower November Chinese steel production than prior months and low monthly steel export volumes still highlight stronger demand fundamentals in the world’s biggest steel market, Commerzbank said Friday. Chinese steel output, mainly through blast furnaces, surged earlier this year, as documen... Read more »

  • by admin on 12-21-2017

    Asian ethylene suppliers are pegging their initial offers for 2018 term contract negotiations at a premium of $80/mt based on CFR Northeast Asia-linked formula, market sources said Wednesday. Market sources said that the buyers were surprised about the outcome as the offer level was around $30-$3... Read more »

  • by admin on 12-19-2017

    Talk of the divestment of one of China’s largest traders of toluene and benzene from Southeast Asia was set to be the focus of the Asian petrochemical market this week. Zhejiang Ningbo-based Grand Resources Group may divest one of its subsidiaries, Grand Petrochemical Co. Ltd., due to disag... Read more »

  • by admin on 12-15-2017

    China has this year halted the building of 6.19 million mt/year new aluminum smelting capacity which breached state rules and regulations, the Department of Commerce of Shandong Province said Friday. The department, quoting data from China Nonferrous Metals Industry Association, said China shut a... Read more »

  • by admin on 12-15-2017

    Indonesia’s Ministry of Energy and Mineral Resources set its December thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $94.04/mt, falling 7.5% year on year and down about 0.8% from November. The ministry had set the price for November at $94.80/mt and for December... Read more »

  • by admin on 12-11-2017

    It was assessed by SunSirs that in the tracked 100 spot commodities,23 commodities increased in prices, 29 fell and 48 remained unchanged on 08/12/2017.The largest rises were Potassium chloride (2.50%),Cement (1.68%),Maleic anhydride (1.37%),while the largest falls were Iron ore (-2.99%),Silver (... Read more »

  • by admin on 12-11-2017

    Phillips 66 plans to carry out a 60- to 90-day maintenance outage in February on its 351,534 mt/year polypropylene plant in Linden, New Jersey, sources said Thursday. The polypropylene plant is part of the company’s 238,000 b/d Bayway refinery complex, which is also set to undergo a turnaro... Read more »

  • by admin on 12-08-2017

    Chinese spot alumina prices fell further Wednesday as domestic metal prices continued to weaken. The Platts ex-works Shanxi daily spot alumina assessment dropped Yuan 50/mt ($7.60) to Yuan 3,250/mt in cash, compared with Yuan 3,300/mt Tuesday. The current price also reflected a decline of Yuan 15... Read more »

  • by admin on 12-08-2017

    Strong demand for power plant and home heating fuel, along with high spot prices in Asia and Europe, are expected to boost US LNG export volumes and utilization of liquefaction units this winter, the Energy Information Administration said Thursday. However, overall utilization of existing LNG liq... Read more »

  • by admin on 12-06-2017

    Brazilian ethanol imports continued to drop, falling for the third consecutive month with 50.3 million liters entering the country in November, down almost 45% from October and 64% lower than a year earlier, the latest data from the Secretariat of Foreign Trade (SECEX) showed Tuesday. This is the... Read more »

  • by admin on 12-06-2017

    Brazilian exports of semi-finished steel in November rose 3.1% year on year to 760,700 mt, Ministry of Development and Trade data showed Tuesday. Revenue from these goods jumped 44% to $362.5 million FOB. In November 2016, exports totaled 737,700 mt and revenue was $251.7 million FOB. The average... Read more »

  • by admin on 12-04-2017

    Demand for hydrous fuel ethanol in Brazil surged 15% year on year in October to 1.37 billion liters, which was also up 5% from September, data from the National Petroleum Agency (ANP) showed Friday. Demand was last higher when it reached 1.54 billion liters in December 2015, the data showed. The ... Read more »

  • by admin on 12-04-2017

    Brazil’s Foreign Trade Secretariat said Friday four antidumping measures applied on rolled steel products imports from China, Korea, Taiwan and some other countries will end in 2018. According to a report published in Brazil’s official gazette, parties interested in a review of these ... Read more »

  • by admin on 12-01-2017

    Platts ex-works Shanxi daily spot alumina assessment fell further Thursday, dropping Yuan 50/mt ($7.60) on the day to Yuan 3,350/mt in cash. The price is also down Yuan 100/mt from a week ago, and down Yuan 450/mt on the month. Spot trade remained thin as sentiment stayed weak, with domestic alum... Read more »

  • by admin on 11-29-2017

    Vienna (Platts)–28 Nov 2017 1240 pm EST/1740 GMT Libya and Nigeria can expect to face growing pressure from their OPEC counterparts to end their exemptions from production cuts and accept an output quota, when ministers meet Thursday for a closely watched summit. Output caps could be discus... Read more »

  • by admin on 11-17-2017

    The Chinese aluminum sector began output cuts on Wednesday to cut emissions in the winter heating season to March 15, 2018, with the Ministry of Environmental Protection set to conduct inspections at the producers by January, 2018, Chinese industry sources said Thursday. To tackle unlicensed emis... Read more »

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