Top News on China steel and other commodity markets

Canada and China have extended a bilateral trade arrangement that links Chinese market access for Canadian agricultural products with Canada's access for Chinese steel and aluminum. The decision provides greater certainty for exporters on both sides as Ottawa seeks to expand its trade relationships

China's LPG market rose from October 30th to November 5th, although upward momentum weakened toward the end of the week as crude oil prices fell sharply and domestic trading slowed.

China's LNG market turned lower over the past week, from October 30th to November 5th. China's domestic prices eased, plant inventories rose, and the profit margin for Inner Mongolia producers shrank sharply after a strong run the week before.

According to Mysteel statistics, as of November 6, 13 automakers have released their nelectric vehicle (EV) sales data for October 2026.   In terms of monthly sales, BYD, SAIC Motor, and Geely Auto ranked in the top three, with sales of 490,200 units, 258,600 units, and 215,000 units, respectively.

While China's domestic aluminum extrusion producers pinned high hopes on the traditional September-October peak season, the market performance fell short of expectations. Order books improved slightly in October, yet failed to reverse the sector's overall weakness. Operating on a build-to-order basi

China's crude stainless steel production is expected to rebound slightly in November after edging down in October, as fairly satisfactory production margins have weakened the incentive for mills to curb output, according to the latest Mysteel survey findings. Lower raw material prices have helped ea

Inventories of imported iron ore piled at China's 47 major ports under Mysteel's tracking accumulated further by 2.4 million tonnes or 1.4% on week to 175.3 million tonnes as of November 5, the highest level since late June, Mysteel's latest survey showed.

Production among Chinese blast furnace (BF) steelmakers dropped further during the past week, as the government-mandated output restrictions in northern China continued to drag down mill operations overall, Mysteel's latest survey showed.

The September China-U.S. summit established reciprocity as the basis for future trade negotiations, with a $30 billion-for-$30 billion tariff-cut framework marking an initial step toward more structured economic engagement. Following the November 3 U.S. midterm elections, in which Democrats won cont

China's PVC industry has shifted from passive stockpiling to active destocking in 2026, with inventories decreasing by 23.91% so far this year. The decline, however, was driven mainly by production cuts and robust exports rather than a real recovery in domestic demand.