Latest Analysis on the China steel market

WEEKLY: China's HRC export prices tick higher

China’s export price of SS400 3mm hot-rolled coil (HRC) under Mysteel’s assessment at North China's Tianjin port edged up by $3/tonne during the week of January 26-30 to $463/t FOB by last Friday, Mysteel's latest market roundup showed.

DAILY: China import iron ore prices drop further, sales rise

China's imported iron ore prices for both port stocks and seaborne cargoes lost more ground on February 3, while ore buying activity in the two markets became brisker.

MONTHLY: China thermal coal faces muted price swings in holiday-heavy Feb

Thermal coal prices in China are expected to fluctuate within a narrow range in February, as the Chinese New Year holiday which this year spans February 15 to 23 typically suppresses both supply and demand, which this month should leave the market broadly balanced but lacking momentum, Mysteel said

FEATURE: China seen moving away from coal supply guarantees amid shifted energy mix

China seems to be moving away from its multi-year coal guarantee campaigns as the risk of power shortages has eased, signaling a shift from supply boost to capacity reserves that could elevate supply elasticity in the future.

WEEKLY: China's imported manganese ore offers strengthen further and significantly increasing pressure on downstream procurement

Last week, the manganese ore market kept range-bound with price fluctuations remaining limited. Influenced by the decline in the silicon manganese futures market, downstream inquiries were primarily focused on price negotiations. Some futures and spot traders softened their manganese ore quotations,

WEEKLY: Zinc prices to continue fluctuating at elevated levels this week

Zinc prices kept rising last week, with Mysteel's China #0 zinc ingot weekly spot average price up by 3.18% week on week to an average of Yuan 25,172/tonne. The Shanghai Futures Exchange (SHFE) average price increased by 4.10%, and the London Metal Exchange (LME) zinc average price increased by 5.66

MONTHLY: China's iron ore prices poised to weaken in February

Prices for imported iron ore in China saw a modest increase last month, supported by mills' restocking activities ahead of the Chinese New Year holiday in mid-February. However, with the seasonal restocking demand now fading and port inventories at an elevated level, ore prices are expected to decli

Can high crush margins sustain amid falling soybean meal basis?

While Dalian Commodity Exchange M05 soybean meal price has continued to strengthen, spot prices lacked momentum, resulting in widening basis on the market. Behind this seemingly contradictory phenomenon lies a clear industrial logic, that is, against the backdrop of ample imported soybean supply and

China daily imported soybean crush margin tracking

Domestic crush plants have maintaining positive crush margins recently for increased oil price and lower imported soybean cost.

WEEKLY: Output cuts trim China alumina prices while stocks stay high

The decline in Chinese spot alumina prices eased last week, with wait-and-see sentiment emerging in reaction to additional production cuts by alumina refiners. However, prices remained weak as inventories mounted further.