Base Metals Industry | Mysteel Global

Industry

Date:

SUMMARY: Impact of COVID-19 on metallurgical miners Apr 02, 2020

The fast spread of the COVID-19 in the past few weeks have forced some metallurgical mining companies to either slow down or to completely suspend their operations, as many countries where their mining sites are located have adopted the harsh measure of lockdowns to curtail the virus from infecting more citizens and to prevent their medical systems from collapses.
China’s MCC successfully diversifies from metallurgy Apr 02, 2020

Metallurgical Corporation of China Ltd (MCC), China’s largest construction and engineering service provider, saw its business model further diversifying from the traditional metallurgical projects in 2019, as the revenue from the sector decreased to 22.5% of the total from the 25.1% for 2018, according to the company’s latest annual report released on April 1.
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.
Beijing to keep driving industry revival, post-COVID-19 Apr 01, 2020

China’s central government will keep on supporting the country’s industrial recovery by clearing obstacles hindering enterprises resuming operations, expanding real demand, and securing the stability of global supply chains, according to Xin Guobin, Vice Minister of China’s Ministry of Industry and Information Technology (MIIT).
MYMETAL: China lead prices rebound, supply still tight Apr 01, 2020

Chinese lead prices rebounded over the March 23-27 week amid an improvement in market sentiment when lead supplies were still tight, according to the latest survey conducted by Mymetal, Mysteel’s nonferrous market data collection arm. As at last Friday, the national average benchmark price for 1# lead ingot (grade at least 99.994%), for example, had recovered by a total of Yuan 550/tonne ($77.43/t) on week to reach Yuan 13,950/tonne.
MYMETAL: China’s zinc prices rebound on supply restraints Apr 01, 2020

Mysteel’s national average benchmark price of zinc ingot (≥99.995%) rebounded from a near four-year low last week, rising by Yuan 562/tonne ($79.3/t) on week to Yuan 15,483/t including the 13% VAT as of March 30. The price has been finding support from reductions in supply from zinc smelters, market sources indicated.
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.
NBS: China Mar manufacturing PMI recovers to 52 Mar 31, 2020

China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry rebounded by 16.3 basis points from February to 52 after having in contraction in February, though the national economy is by no means back to the normal level, according to the latest release from China’s National Bureau of Statistics (NBS) on March 31.
China nickel ore port stocks seen staying low in April Mar 31, 2020

Stocks of imported nickel concentrates at the 15 major ports nationwide under Mysteel’s regular check continued to decline over March 21-27 to reach a six-month low of 12.22 million tonnes, new data show. Declines in exports from China’s leading supplier, the Philippines, will likely keep stocks low during the coming month, though Chinese nickel smelters won’t be inconvenienced, given their prevailing low demand for the raw material, Mysteel Global notes.
MYMETAL: China’s Cu prices rebound as trading buoys Mar 31, 2020

China’s copper prices witnessed upward corrections last week after sharply declining the prior week as market sentiment improved while actual trading volume also strengthened, according to Mymetal’s weekly report. Mymetal is Mysteel’s arm of nonferrous data collecting.
Glencore idles energy, metal operations to contain virus Mar 27, 2020

Glencore, a multinational energy and mineral producer, has been forced to join many other mining companies to idle its nonferrous and coal operations in several countries to cooperate with the respective countries’ efforts in containing the COVID-19, according to a company release on the afternoon of March 26 Central European Timezone.
UPDATE: Major South African mines, ports confirm closure Mar 27, 2020

Most miners and major ports in South Africa are locking down temporarily over March 26-April 16, in response to the call by the country’s president, Cyril Ramaphosa, on March 23 to help combat the spread of COVID-19, Mysteel has confirmed. The 21-day of suspension is expected to significantly tighten the availability of some raw materials supplies to China, Chinese market sources said on Thursday.
China’s nonferrous metals scrap imports slump in Jan-Feb Mar 26, 2020

China imported 119,520 tonnes of copper scrap during January-February, representing a massive fall of 48.5% on year, as against the 38.4% on-year decline for 2019 full-year imports, Mysteel Global calculated based on the latest data from China’s Administration of Customs.
China’s Jan-Feb nickel concentrates imports down 5% Mar 26, 2020

The volume of nickel concentrates that China imported over January-February reached 4.3 million tonnes, down by 235,560 tonnes or 5.2% on year, Mysteel Global has calculated based on General Administration of Customs (GACC) data. The decline in imports was mainly due to Indonesia’s decision to ban nickel concentrate exports starting January 1, Mysteel Global noted.
BLOG: COVID-19 impact on China steel mills reverberates Mar 26, 2020

March 25 was the date when Hubei in Central China returned to the national connection network with the gradual resumption of its road, rail and air transportation. For the prior two months since January 23, the province had been in lockdown starting from Wuhan, the epicentre of the COVID-19, to prevent the contagion spreading nationwide.
China’s Al smelters brace for pain as margins disappear Mar 26, 2020

China’s primary aluminum smelters are struggling to support their businesses amid industry-wide losses as domestic and international metal markets tumble from the COVID-19 pandemic.
MYMETAL: China lead plunges on bearish market sentiment Mar 25, 2020

China’s lead price plunged over the March 16-20 week amid the bearish sentiment generated by market panic caused by the outbreak of COVID-19 pandemic worldwide that drastically shook the global economy, with the national average benchmark price for 1# lead ingot (grade at least 99.994%), for example, dropping by a total Yuan 850/tonne ($120/t) on week to reach Yuan Yuan 13,600/tonne, according to the latest survey conducted by Mymetal, Mysteel’s nonferrous market data collection arm.
MYMETAL: China’s Al stocks grow slower on better demand Mar 25, 2020

Stocks of primary aluminum ingot held by Chinese traders climbed again last week but at a much slower pace, according to new data from Mymetal, Mysteel’s nonferrous metals data collection arm. The traders’ inventories increased by 37,000 tonnes on week during March 16-23, as against the 92,000 tonnes on-week growth in the prior survey week, as aluminum fabricators and processors were on track to recover.
MYMETAL: China’s copper prices slump, sales soften Mar 24, 2020

Chinese copper prices in both the spot and futures markets witnessed significant declines last week as uncertainties in the global economy led market sentiment to turn negative, according to the latest weekly report from Mymetal, Mysteel’s arm of nonferrous data collection. The sharply declining prices led trading activity to stall.
MYMETAL: China’s zinc price slumps, buying sentiment up Mar 24, 2020

Mysteel’s national average benchmark price of zinc ingot (≥99.995%) reversed down last week, tumbling by a significant Yuan 1,168/tonne ($164.7/t) or 7.3% on week to hit a near four-year low of Yuan 14,921/t including the 13% VAT as of March 23, according to Mymetal’s latest report. Happily, the appetite for replenishment among downstream users improved with the price retreat, industry sources noted.

Pre 1 2 3 4 5 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

Industry

SUMMARY: Impact of COVID-19 on metallurgical miners Apr 02, 2020

China’s MCC successfully diversifies from metallurgy Apr 02, 2020

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

Beijing to keep driving industry revival, post-COVID-19 Apr 01, 2020

MYMETAL: China lead prices rebound, supply still tight Apr 01, 2020

MYMETAL: China’s zinc prices rebound on supply restraints Apr 01, 2020

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

NBS: China Mar manufacturing PMI recovers to 52 Mar 31, 2020

China nickel ore port stocks seen staying low in April Mar 31, 2020

MYMETAL: China’s Cu prices rebound as trading buoys Mar 31, 2020

Glencore idles energy, metal operations to contain virus Mar 27, 2020

UPDATE: Major South African mines, ports confirm closure Mar 27, 2020

China’s nonferrous metals scrap imports slump in Jan-Feb Mar 26, 2020

China’s Jan-Feb nickel concentrates imports down 5% Mar 26, 2020

BLOG: COVID-19 impact on China steel mills reverberates Mar 26, 2020

China’s Al smelters brace for pain as margins disappear Mar 26, 2020

MYMETAL: China lead plunges on bearish market sentiment Mar 25, 2020

MYMETAL: China’s Al stocks grow slower on better demand Mar 25, 2020

MYMETAL: China’s copper prices slump, sales soften Mar 24, 2020

MYMETAL: China’s zinc price slumps, buying sentiment up Mar 24, 2020

Daily Prices

Prices Summarization

FOB prices of steel products on August 6