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MYSTEEL: China’s bulk commodities prices may ease in Q3


For the rest of this quarter and into Q3, prices of bulk commodities in China are unlikely to repeat the dramatic surges witnessed in April and May, though they may hover high with the possibility of spiralling down in the next few months, Mysteel’s research centre shared in a near-term outlook published on June 10.
China’s steel mills and nonferrous smelters will conduct routine maintenance on their facilities in the coming months lasting from a week to 45 days on average, which will lead to less demand for raw materials such as iron ore and copper concentrates, the report stated. Consequently, bulk commodities prices including those of steel and copper


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