Market Insights
Top news, commentary and analysis on the China steel and other commodities markets.
Retail stocks of the five major carbon steel items stockpiled in the commercial warehouses across China that Mysteel regularly monitors declined for a twelfth consecutive week over May 29-June 4, the results of Mysteel's latest weekly survey revealed.
PA66 capacity utilization rate is set to drop below 60% in June, down from 63% in late May, says OilChem. Losses (theoretical Yuan 1,188/t) and weak demand drive the decline. Rising inventories and soft HMD costs (Invista cut June offer by Yuan 700/t) will pressure prices. Watch upstream plant maint
Following the widespread safety inspections and mine suspensions in North China's Shanxi province in response to the deadly mine accident on May 22, as of June 3 some 59 coking coal mines had resumed operations, new industry data show. However, the scope of inspections seems to continue expanding, w
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