Latest news on China steel and other commodity markets

Cobalt Daily: Both buyers and sellers remain deadlocked, with smelters facing significant sales pressure

On January 29, the price of electrolytic cobalt moved up Yuan 5,364/t to Yuan 443,000-445,182/tonne from the previous trading day. However, the prices of cobalt sulfate and cobalt chloride continued to be stable at Yuan 95,500/t-98,500/t and 115,000-119,000/t respectively.Yesterday, cobalt sulfate m

Nickel Daily: Spot premiums and discounts for various refined nickel brands are steady to slightly firmer in China

Yesterday, some mines and traders concluded FOB transactions for 1.4% grade nickel ore at around US $50.5/wmt. Market participants focused on subsequent shipment schedules and price indications from mines, with limited spot availability in the market.SHFE nickel prices edged higher yesterday, while

Survey: China petroleum bitumen profit 2026.01.30

OilChem daily survey of China petroleum bitumen profit. Unit: RMB Yuan/tonne

Lithium Daily: Lithium prices pull back on cooling sentiment, while demand remains firm

For lithium carbonate, the downstream players built stocks appropriately for the CNY holiday. And Mysteel's survey indicated that a refinery in Jiangxi is scheduled to resume the operation soon, which is likely to contribute additional supply. On the demand end, the holiday season will slightly impa

WEEKLY: Chinese mills' steel stocks decline slightly

Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey edged down during January 23-29, albeit slightly, with the total tonnage easing by a tiny 0.2% on week to reach 3.88 million tonnes.

POSCO's February stainless steel price hike looms as cost pressures intensify

Nickel surge sharpens cost pressure. Import risk to shape pricing decision

Mysteel Daily Price Express 2026.1.29

Mysteel daily survey on China's ferrous market, covering major steel products prices and price indices of iron ore, coal and coke.   Mysteel major steel products prices     Mysteel iron ore price indices     Mysteel coal and coke price indices   Edited by Bruce Wei, weizhanyi@mysteel.com Disclaimer

DAILY: China's imported iron ore prices strengthen, sales mixed

Chinese prices of imported iron ore for both portside stocks and seaborne cargoes posted mild rises on January 29, while transaction activities showed diverged trends in the two markets.

HBIS Group ferrosilicon bidding price up by Yuan 100/t($14/t) m-o-m in Jan'26

On January 2026, Hebei Iron & Steel Group (HBIS Group) announced the final bidding price for ferrosilicon (Si:72%) at Yuan 5760 /t ($/t) in January 2026, up by Yuan 100/t($14/t) m-o-m, compared to Yuan 5,760/t($829/t) in December 2025. All prices were inclusive of taxes and freight charges to HB

The silico manganese market follow the rise with ferrous metal and the transactions remain sluggish

The silico manganese fluctuated with the futures remained relatively strong, the silico manganese stocking closing to an end. The 6517 silico manganese price at Northern China priced at Yuan 5570-5670/tonne ($802-816/tonne) and Southern China priced at Yuan 5680-5720/tonne ($818-824/tonne).   On Jan