Top News on China steel and other commodity markets

Retail stocks of the five major carbon steel items stockpiled in the commercial warehouses across China that Mysteel regularly monitors declined for a twelfth consecutive week over May 29-June 4, the results of Mysteel's latest weekly survey revealed.

PA66 capacity utilization rate is set to drop below 60% in June, down from 63% in late May, says OilChem. Losses (theoretical Yuan 1,188/t) and weak demand drive the decline. Rising inventories and soft HMD costs (Invista cut June offer by Yuan 700/t) will pressure prices. Watch upstream plant maint

Following the widespread safety inspections and mine suspensions in North China's Shanxi province in response to the deadly mine accident on May 22, as of June 3 some 59 coking coal mines had resumed operations, new industry data show. However, the scope of inspections seems to continue expanding, w

Colombian coal miner Cerrejon has lifted its force majeure declaration and restarted mine, rail and port operations from June 3, after supply shortages that had forced the company to suspend activities were resolved, Mysteel Global understands from multiple local newspaper reports.

In the short term, market sentiment may cool following the weather-driven price spike, but adverse weather continues to pose a yield threat to rapeseed, and rapeseed oil prices are expected to remain firm with an upward bias. In the medium to long term, as subsequent rapeseed shipments gradually arr

In its latest Economic Outlook report released on June 3, the Organization for Economic Co-operation and Development (OECD) cut projections for global economic growth this year, saying that the conflict in the Middle East has become the dominant force shaping the global economic outlook and is putti

OilChem sees June propylene price down to Yuan 9,100/t in Shandong as supply surplus widens to 110,000 tonnes. Supply recovery and weak demand pressure prices. Monitor PDH restarts and feedstock costs.

Chinese steelmakers have consumed more imported iron ore recently, reflecting their persistent enthusiasm for producing steel. However, mills started to adopt a wait-and-see stance regarding iron ore restocking in view of their shrinking profit margins and the upcoming low season for finished steel

China's refined oil exports rebounded about 22% month-on-month in May, though volumes stayed low as export controls remained in place. Despite attractive export margins, ongoing Middle East tensions and uncertainty over Strait of Hormuz shipments led China to prioritise domestic supply, with allocat

On June 3, domestic zinc concentrate Treatment Charges (TCs) held steady, while prices for both domestic and imported zinc concentrates edged up from the prior session. Mainstream spot TC quotes were unchanged day-on-day.Mine supply fell short of expectations, with both domestic and imported raw mat