Latest market insights on the China steel market

Morning briefing: Cobalt market stabilizes after extensive price cut

Lithium: The lithium ore prices still failed to find support when the smelters relying on outsourced lithium ore suffered losses persistently, in addition to sufficient raw material stocks built by the smelters. The ore traders were silent, with few transactions heard. Lithium ore prices are expecte

Daily: Cobalt market 2023.11.28

Price:   Outlook:  Although the prices of raw materials remained strong which provided some cost support for smelters. However, the downstream demand was weak and the market sentiment was pessimistic. Meanwhile, traders were unwilling to ship and smelters had much pressure in the shipment. It is est

Daily: Ternary material market 2023.11.28

Price:   Outlook:  The demand for ternary precursors in both domestic and foreign market has not shown any improvement. Meanwhile, orders from downstream enterprises continued to decline and the overall market sentiment was pessimistic. Sagging demand is expected to drive a spiral decline in the pri

DAILY: DCE slump clips China's imported iron ore prices

The retreat in iron ore futures on the Dalian Commodity Exchange sent prices for imported iron ore in China's portside and seaborne markets dropping on November 28.

Daily: China LNG prices keep rising

China spot LNG delivery price averaged Yuan 5,812/tonne as of November 28, up Yuan 59/t from the previous trading day, according to OilChem.   Imported LNG ex-terminal prices stood at Yuan 5,661/t today, up Yuan 31/t from the previous trading day, according to OilChem. The imported LNG prices rose a

WEEKLY: Chinese HRC export prices continue to rise

The sustained improvement in China 's domestic market for hot-rolled coils saw Chinese HRC export prices continue firming during the week of November 20-24, Mysteel's weekly market roundup noted.

China's FeMo prices keep falling on lower bidding prices

Chinese prices of ferromolybdenum (FeMo) under Mysteel's assessment continued to weaken during November 20-24, mainly dragged by the persistently lower bidding prices tabled by many stainless steelmakers, according to market sources.

WEEKLY: Aust., Brazilian iron ore shipments stable on week

The total volume of iron ore shipments dispatched to global destinations from the 19 ports and 16 mining companies in Australia and Brazil under Mysteel's regular survey was generally unchanged on week at 26.5 million tonnes during November 20-26, dipping just 0.4% from the prior week. The shipping

DAILY: China's met coke price hike materialises in part

Some Chinese steel mills yielded on November 27 to coke firms' latest price hike proposal, which was perceived as a prelude to a sweeping materialisation of higher coke prices, Mysteel Global learned.

DAILY: China's thermal coal trades slow as bearishness prevails

The spot trading of thermal coal slowed down at China's northern transfer ports on November 27, mainly impacted by the prevailing bearish sentiment among market participants.