Precious Metals Market Commentary

Market Analysis

Date:

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).
MYMETAL: China Cu prices fall as mood turns gloomy Nov 19, 2019

The national average price for 99.99% copper cathode across China headed down during the November 11-15 week, losing Yuan 444/tonne ($63/t) on week to reach Yuan 46,908/t including 13% VAT as of November 15, according to Mymetal’s latest weekly study.
China’s Jan-Oct excavator sales hit historical high Nov 12, 2019

China’s sales of excavators and other heavy machinery over January-October increased by 14.4% on year to 196,222 units, a historical high, according to the latest data released by the China Construction Machinery Association (CCMA) on November 9.
MoC: China, U.S. agree to roll back tariffs in phases Nov 08, 2019

China and the U.S. have agreed to roll back tariffs on each other’s goods in phases “at the same time” and “by the same degree” as part of the “phase one” trade deal if it is to be reached, Gao Feng, spokesman of China’s Ministry of Commerce (MoC) confirmed at the press conference in Beijing on November 7.
China’s NEV leader BYD sees Q3 profits plunge Nov 01, 2019

Sales of new-energy vehicles (NEVs) in China continue to show signs of stalling, given a series of negative factors including the prevailing softening economy, the county’s cooling automotive sector generally, and the reduction in subsidies for NEV purchases since late June, market sources said.
NBS: China’s Jan-Sept air conditioner output up 6.4% YoY Oct 23, 2019

Production of the four most popular electrical home appliances in China showed diverged results over the first nine months of this year, with output of the top contributor – air conditioners – showing a year-on-year increase of 6.4% to reach 170 million units, according to the latest data from China’s National Bureau of Statistics (NBS). However, the growth rate was 1.5 percentage points lower compared with that over January-August.
FEATURE: China’s NEV frenzy cools down, for now Oct 21, 2019

Domestic production and sales of new-energy vehicles (NEVs) across China are showing signs of weakness, largely as a consequence of the central government’s move to reduce generous subsidies on NEVs that over the past few years had helped automakers to enjoy substantial growths in electric car sales.
China’s Jan-Sept auto sales decline slows to 10.3% yoy Oct 15, 2019

China’s auto sales over the first nine months of 2019 decreased 10.3% on year to 18.4 million units, and auto production declined 11.4% on year to 18.1 million units, according to the latest statistics from the China Association of Automobile Manufacturers (CAAM) on October 14.
NBS: China’s white goods output mixed in August Sep 24, 2019

The production of the four most popular electrical home appliances in China showed mixed results for August, with output of air conditioners, refrigerators and televisions continuing to decline on year while production of washing machines alone grew year-on-year, according to the latest data released by China’s National Bureau of Statistics (NBS).
CAAM: China’s Jan-Aug auto sales down 11% on year Sep 12, 2019

China’s auto sales were still under downward pressure over January-August, though the year-on-year decline narrowed to 11% on year as against the 11.4% for the first seven months, Mysteel Global noted from the latest statistics from the China Association of Automobile Manufacturers (CAAM) on September 11.
China’s Jan-July excavator sales up 14% on year Aug 15, 2019

China’s sales of excavators and other heavy machinery over January-July increased by 13.9% on year to 149,553 units, according to an August 13 release by the China Construction Machinery Association (CCMA), with July sales alone being higher by 11% on year at 12,346 units.
China’s Jul NEV sales, output post first-time YoY drops Aug 13, 2019

Both sales and production of China’s new-energy vehicles (NEV) declined on year for the first time in July, down 4.7% and 6.9% respectively, after a boost in sales in June as buyers rushed to enjoy the last days of subsidies on such vehicles until June 25, according to the latest release from China Association of Automobile Manufacturers (CAAM) on August 12.
Market: CAAM predicts China’s 2019 auto sales to dip 5% Jul 31, 2019

China Association of Automobile Manufacturers (CAAM) has revised its expectation on 2019 auto sales to a 5% year-on-year decline instead of a flat year from 2018 because of the weaker-than-expected performance in the sector in the first half, market sources confirmed on Tuesday.

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

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

MYMETAL: China Cu prices fall as mood turns gloomy Nov 19, 2019

China’s Jan-Oct excavator sales hit historical high Nov 12, 2019

MoC: China, U.S. agree to roll back tariffs in phases Nov 08, 2019

China’s NEV leader BYD sees Q3 profits plunge Nov 01, 2019

NBS: China’s Jan-Sept air conditioner output up 6.4% YoY Oct 23, 2019

FEATURE: China’s NEV frenzy cools down, for now Oct 21, 2019

China’s Jan-Sept auto sales decline slows to 10.3% yoy Oct 15, 2019

NBS: China’s white goods output mixed in August Sep 24, 2019

CAAM: China’s Jan-Aug auto sales down 11% on year Sep 12, 2019

China’s Jan-July excavator sales up 14% on year Aug 15, 2019

China’s Jul NEV sales, output post first-time YoY drops Aug 13, 2019

Market: CAAM predicts China’s 2019 auto sales to dip 5% Jul 31, 2019

Daily Prices

Prices Summarization

FOB prices of steel products on August 6