Minor 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 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’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).
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.
WEEKLY: China Cr ore price gains on South African ban Mar 31, 2020

Chinese prices of imported chrome ore reversed up after several weeks of decline as of March 27, mainly due to the near-term supply disruptions from South Africa where a 21-day lockdown is in force to help combat the spread of COVID-19, market sources explained.
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 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.
Tsingshan Group rolls over FeCr purchase price for Apr Mar 27, 2020

Tsingshan Group, China’s and the world’s largest stainless producer, has announced that for its purchases of high-carbon ferro-chrome (FeCr) in April, it has decided to maintain the same buying price as for March of Yuan 5,647/tonne ($828.8/t) including 13% VAT in terms of delivery to its plant, according to a company notice posted late on March 26. For this month’s procurement, Tsingshan pared its bid price by Yuan 150/tonne, as Mysteel reported.
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.
South Africa: Major Cr Miner Tharisa Halts on Lockdown Mar 27, 2020

Tharisa PLC on Tuesday said it will cease all of its South African mining operations after the night shift on Wednesday, Mar 25th in response to the 21 days lockdown declared by President Cyril Ramaphosa.
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.
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.
Lower mill bids push China FeMo prices to 4-month low Mar 25, 2020

Chinese prices of ferromolybdenum (FeMo) resumed their protracted decline again last week to hit a four-month low as of March 20, which market sources on Wednesday blamed on the relentless decline in bidding prices for this month being tabled by domestic stainless mills.
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.
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.
WEEKLY: China’s FeCr and chrome ore prices dip further Mar 24, 2020

Chinese prices of high-carbon ferrochrome (FeCr) and chrome ore continued to decrease last week, hitting new multi-year lows as of March 20, as the procurement prices for the ferroalloy for March from domestic stainless mills all declined last week, softening ore prices further, according to Mysteel’s latest weekly survey.

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 moly buyers brace as spill halts major Yichuan mine 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

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

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

WEEKLY: China Cr ore price gains on South African ban Mar 31, 2020

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

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

Tsingshan Group rolls over FeCr purchase price for Apr Mar 27, 2020

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

South Africa: Major Cr Miner Tharisa Halts on Lockdown Mar 27, 2020

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

Lower mill bids push China FeMo prices to 4-month low Mar 25, 2020

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

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

WEEKLY: China’s FeCr and chrome ore prices dip further Mar 24, 2020

Daily Prices

Prices Summarization

FOB prices of steel products on August 6