Minor Metals Market Commentary

Market Analysis

Date:

China moly buyers brace as spill halts major Yichuan mine Apr 02, 2020

China’s molybdenum alloy buyers are bracing for prices of commodities such as ferromolybdenum (FeMo) to strengthen after a tailings dam failure at a large moly mine in Northeast China’s Heilongjiang province has seen production suspended, sparking fears among market participants for moly concentrate supplies in the near term, market sources said on Thursday.
China extends NEV subsidy by 2 years to boost auto market Apr 01, 2020

China has decided to prolong the granting of subsidies on new-energy vehicles (NEVs) as well as the exemption of purchase tax on them by two years to 2022, according to a news video from the official website of China’s State Council broadcast late on March 31. The new policy is to stimulate automobile purchases amid the slowing national economy.
China’s FeMo, moly concentrate prices at 4-month low Apr 01, 2020

Chinese prices of moly concentrates dipped to a four-month low over March 23-27 as domestic miners were forced to compete against imported molybdenum oxide whose prices had been steadily decreasing, a market source explained on Tuesday. The reduction in cost of the raw material led prices of domestic ferromolybdenum (FeMo) to refresh a four-month low, Mysteel Global learned.
MYMETAL: Chinese alumina prices dive on thin demand Apr 01, 2020

China’s domestic spot price for alumina assessed by Mymetal plunged by Yuan 178/tonne ($25.4/t) on week to Yuan 2,448/t including 13% VAT as of last Friday, mainly because the thinner demand from aluminum smelters had dampened market sentiment. Mymetal is Mysteel’s nonferrous metals collection arm.
China traders bullish about imported Mn, Cr ore prices Mar 30, 2020

Chinese buyers of South African raw materials for steelmaking and ferroalloys including manganese and chrome ore are bullish about prices in the domestic spot market going forward, industry sources said on Friday. This was because most miners and ports in South Africa confirmed they would shut down for 21 days from March 26 to help the country combat spreading COVID-19, causing ore shipments to be disrupted.
South Africa may shut mines, port logistics for 21 days Mar 25, 2020

Announcing a nationwide lockdown on March 23 to combat the spread of COVID-19 in his country, South African president, Cyril Ramaphosa, indicated that the shutdown including the operations of manganese and iron ore mines and port logistics will be implemented over March 26-April 16. Also on Monday, Rio Tinto said it would curtail mine production in South Africa for 21 days in compliance with the country’s decision.
CAAM: China Feb auto sales free fall amid COVID-19 Mar 13, 2020

As market had expected, both China’s auto sales and production slumped in February as the COVID-19 hit China’s economy and many industrial sectors hard, and the sales fell 79.1% on year and the production decreased 79.8% on year, the latest release from the China Association of Automobile Manufacturers (CAAM) on March 12 confirmed the dismal.
MYMETAL: China aluminum traders holding 10-m high stocks Mar 10, 2020

China’s primary aluminum stocks in the warehouses of the Shanghai Futures Exchange and at the traders in the 16 Chinese cities under Mymetal’s weekly surveyhit a 10-month high of 1.56 million tonnes as of March 9, as domestic demand stayed tepid while smelters showed little inclination to cut production. The total
China to defer the implementation of Stage VI Standard? Feb 26, 2020

Flagging domestic sales of cars and factories working at reduced capacity have prompted the China Association of Automobile Manufacturers (CAAM) to quietly propose that the central government put off the nationwide implementation of new, tougher automotive emission control regulations, known as National Emission Standard Stage VI, according to a February 17 document seen by Mysteel Global stamped by the association.
MYMETAL: China’s retail Al stocks climb to 9-month high Feb 25, 2020

Total aluminum ingot stocks in China’s retail markets refreshed their record high during February 17-24, climbing to nine-month new peak, according to the latest stocks report from Mymetal, Mysteel’s nonferrous metals data collecting arm.
MYMETAL: China’s social aluminum stocks hit 7-m high Feb 12, 2020

Social Aluminum ingot stocks in China piled up to its seven-month high of over 1 million tonnes as of February 10, as the market has remained quiet amid the continuing battling against the Novel Coronavirus Pneumonia (NCP) outbreak, showed the latest survey by Mymetal, Mysteel’s nonferrous metals data collecting arm.
Virus outbreak hits Chinese, global auto makers Feb 12, 2020

The outbreak of Novel Coronavirus Pneumonia (NCP) in China is expected to hurt the country’s auto production and sales, at least in Q1, as the pace of manufacturers’ production is slowing down and currently, consumers are too distracted to buy cars, industry watchers have told Mysteel Global. In addition, production and exports of automotive components made in China for vehicle manufacturers abroad are also being disrupted.
CAAM: Auto sales dip to 26 million in ‘19, NEVs also down Jan 13, 2020

China’s production and sales of automobiles in 2019 declined by 7.5% and 8.2% on year to 25.7 million units and 25.8 million units respectively, according to the latest statistics from China Association of Automobile Manufacturers (CAAM) published on January 13.
Tesla Shanghai delivers first cars to Chinese consumers Jan 08, 2020

US-headquartered electric car producer Tesla delivered the first ‘Model 3’ cars made at its new factory in East China’s Shanghai to Chinese consumers on January 7, exactly one year after beginning construction on its Gigafactory, a combination car- and battery-making plant, in Shanghai’s Lingang Area.
WEEKLY: China’s Al prices buoyed by contracting stocks Dec 24, 2019

China’s average price for 99.7% aluminum ingot moved up by Yuan 437/tonne ($62.4/t) on week to Yuan 14,419/t including 13% VAT as of December 20, mainly thanks to the ongoing de-stocking of ingots, according to the weekly report from Mymetal, Mysteel’s nonferrous market data collection arm.
MYMETAL: China’s Cu prices surge on improved sentiment Dec 18, 2019

China’s price for 99.99% copper cathode averaged Yuan 48,959/tonne ($6,994/t) as of last Friday, with the substantial Yuan 1,636/t rise on week seen as a result of better market sentiment, according to Mymetal’s latest weekly report. Mymetal is Mysteel’s publication reporting non-ferrous news and prices.
MYMETAL: China’s dipping Al stocks standing by prices Dec 10, 2019

China’s aluminum price had been holding firm over December 3-9, partly as aluminum stocks with the traders in 16 major Chinese cities under Mymetal’s weekly survey posted the fourth week of contraction during the period, down another 43,000 tonnes on week to 643,000 tonnes as of December 9, according to Mymetal’s weekly aluminum report.
MYMETAL: China zinc price slips albeit robust consumption Dec 04, 2019

China’s national average price for refined zinc ingot fell further for the fourth week by Yuan 96/tonne ($/t) on week to Yuan 18,647/t including the 13% VAT as of November 29, although zinc consumption in steel galvanizing and zinc alloys stayed steady last week, according to Mymetal, Mysteel’s nonferrous market data collection arm.
MYMETAL: China Al price rebounds on ongoing de-stocking Nov 26, 2019

China’s national average price for 99.7% grade primary aluminum ingot recovered by Yuan 135/tonne ($19.3/t) on week to reach Yuan 14,044/t including 13% VAT as of November 25, according to Mymetal’s latest price report. The prices received a boosted from the steady contraction of aluminum stocks across the country which are now at their lowest level in nearly three years. Mymetal is Mysteel’s publication reporting non-ferrous news and prices.
NBS: China’s white goods production mixed over Jan-Oct Nov 20, 2019

China’s production of the four major home appliance showed diverged results again in October, with output of air conditioners witnessing a decline of 2.1% on year or by a large 25.3% on month, according to the latest data released by China’s National Bureau of Statistics (NBS).

Pre 1 2 Next

Product	Grade	Size	Price	Chg	Port
Billet	3SP/Q235	150*150	490	0	Tianjin
Rebar	HRB400	20*12	500	-10	Tianjin
HRC	Q235B	5.51500C	518	-15	Talian
Plate	Q345B	1218002000	515	-20	Tianjin
CRC	SPCC	1.0*1250	535	0	Tianjin
Galvanized	SGCC	0.31000C	665	0	Tianjin

Market Analysis

China moly buyers brace as spill halts major Yichuan mine Apr 02, 2020

China extends NEV subsidy by 2 years to boost auto market Apr 01, 2020

China’s FeMo, moly concentrate prices at 4-month low Apr 01, 2020

MYMETAL: Chinese alumina prices dive on thin demand Apr 01, 2020

China traders bullish about imported Mn, Cr ore prices Mar 30, 2020

South Africa may shut mines, port logistics for 21 days Mar 25, 2020

CAAM: China Feb auto sales free fall amid COVID-19 Mar 13, 2020

MYMETAL: China aluminum traders holding 10-m high stocks Mar 10, 2020

China to defer the implementation of Stage VI Standard? Feb 26, 2020

MYMETAL: China’s retail Al stocks climb to 9-month high Feb 25, 2020

MYMETAL: China’s social aluminum stocks hit 7-m high Feb 12, 2020

Virus outbreak hits Chinese, global auto makers Feb 12, 2020

CAAM: Auto sales dip to 26 million in ‘19, NEVs also down Jan 13, 2020

Tesla Shanghai delivers first cars to Chinese consumers Jan 08, 2020

WEEKLY: China’s Al prices buoyed by contracting stocks Dec 24, 2019

MYMETAL: China’s Cu prices surge on improved sentiment Dec 18, 2019

MYMETAL: China’s dipping Al stocks standing by prices Dec 10, 2019

MYMETAL: China zinc price slips albeit robust consumption Dec 04, 2019

MYMETAL: China Al price rebounds on ongoing de-stocking Nov 26, 2019

NBS: China’s white goods production mixed over Jan-Oct Nov 20, 2019

Daily Prices

Prices Summarization

FOB prices of steel products on August 6