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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.

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Base Metals Precious Metals Minor Metals
Latest News

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

Daily Prices

Prices Summarization

Mysteel Price Curve

Rebar HRB400 20MM (Yuan/tonne)

Base Metals Precious Metals Minor Metals Latest News

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

Daily Prices

Prices Summarization

Mysteel Price Curve

Rebar HRB400 20MM (Yuan/tonne)

Base Metals Precious Metals Minor Metals
Latest News