Market Insights
Top news, commentary and analysis on the China steel and other commodities markets.
Soybean: Domestic soybean remained range-bound and biased lower last week, and the spot prices in Northeast China fell in tandem. Farmers remained reluctant to sell, while Russian and old-crop soybeans kept diverting new-crop demand. Processors, under profit pressure, have slowed buying. Edible Oi
South Africa's exports of high-carbon ferrochrome totaled 165,927 tonnes in September, representing a sharp increase of 42% month on month and 89.5% year on year, according to the latest data from the South African Revenue Service (SARS).
The Purchasing Managers Index (PMI) for the steel industry in North China's Hebei province – the country's top steel production base – fell further by 4.3 points on month in October to reach 43.7, well below the 50-point threshold that connotes contraction, according to new data released by the Hebe
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