Latest news on China steel and other commodity markets

Mysteel Daily Price Express 2023.12.08

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 Irene Zhuang, zhuangailing@mysteel.com Disc

DAILY: China PORTDEX iron ore price refreshes 19.5-month high

Mysteel PORTDEX 62% Australian Fines rose for a fourth straight day on December 8 to hit Yuan 1,018/wmt ($142.2/wmt) FOT and including the 13% VAT, up by Yuan 10/wmt on day and refreshing a new high since April 15 last year.

China rolls out action plan to improve air quality

China's State Council published an action plan on December 7 to improve the country's air quality, as part of its efforts to pursue a high-quality economic development, according to the release on its website.

Futures: Enhanced supply disruptions support copper prices

The Shanghai Futures Exchange's (SHFE) warehouse warrants for copper futures kept unchanged day on day at 2,573 tonnes on December 8, leading to a week-on-week decrease of 99 tonnes or 3.71%, and an increase of 1,441 tonnes or 127.3% month on month.   SHFE copper price increased to about Yuan 68,400

CN's Pb ingots social inv expected to increase next week

As of December 7, lead ingots' social inventory in China's major markets increased by 3,900 tonnes from Monday and 5,500 tonnes from last Thursday to 92,100 tonnes, according to Mysteel's survey.                     Data Source: Mysteel   Although lead futures and spot prices fell, downstream batter

China's Nov stainless output falls to 7-month low

China's production of crude stainless steel decreased for a third month in November, with the total volume down another 3.7% from October to touch a seven-month low of 2.98 million tonnes, according to Mysteel's latest monthly survey among the country's 43 stainless producers.

FLASH: China's sales of passenger cars top 2.1 million in Nov

Retail sales of passenger vehicles throughout China soared by 25.5% on year to nearly 2.1 million units during November, according to the latest data from the China Passenger Car Association (CPCA) released on Friday. The result also represented a 2.3% on-month increase, the Association stated, show

Daily: Refined and secondary copper consumption weakens again in China

Chinese spot price of 1# refined copper (Cu:≥99.95%) increased by Yuan 360/tonne day on day to Yuan 68,519/tonne on December 8, according to Mysteel's assessment.   Specifically, spot prices of 1# refined copper in Shanghai under Mysteel's tracking increased by Yuan 350/tonne day on day to average a

SHFE copper, aluminum prices fall on week

Weak sentiment for nonferrous commodities saw the most-traded derivative contracts for copper and aluminum on the Shanghai Futures Exchange both decline during the week of December 4-8, SHFE data show.

China's zinc ingots social inventory decreases this week

As of December 7, China's zinc ingots' social inventory of six districts decreased by 8,900 tonnes over Monday and 11,100 tonnes over last Thursday to 52,300 tonnes, according to Mysteel's survey.   Written by Durand Du, duxiaoyu@mysteel.com   Edited by Paula Xu, xuzhongping@mysteel.com