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LME nickel prices risen for 5 consecutive days, surging to $28,000/ton level on Mar 4
The LME nickel futures price surged by US$2,022/ton last Friday (March 4), closing at US$28,919/ton. The highest intraday hit US$30,295/ton, a new high since 2008. The spot price also soared by US$2,027, reaching US$29,609/ton. The nickel price has risen by US$4,558 in total last week, an increas...Read More -
Base Metals Closed Mixed amid Rebounding US Dollar Index
SHANGHAI, Feb 9 (SMM) – Shanghai Base metals closed mixed overnight after the US dollar index rebounded on the support of the surging US trade deficit. Their counterparts on LME performed similarly on Tuesday. LME copper dropped 0.3%, aluminium rose 1.72%, lead edged up 0.13%, and zinc fell...Read More -
China imported steel raw materials iron ore prices drop, sales flat
Chinese prices of imported iron ore for both port inventories and seaborne cargoes decreased on December 27, with sales remaining flat. 62% Australian Fines in Qingdao declined by Yuan 22/wmt ($3.5/wmt) from last Friday to Yuan 809/wmt FOT and including the 13% VAT. Also today, Mysteel SEADEX 62%...Read More -
USA CRC exports grow in October
According to statistics from the US Department of Commerce (USDOC), the US exported around 59,200 tons of cold-rolled coils (CRC) in October, which increased by 17.4% compared to the previous month and also hiked by 53.4% from the same month a year ago. Among them, the exports to Mexico accounted...Read More -
METALS Aluminium prices lifted to 10-year high by China concerns
Aluminium prices hit their highest in more than 10 years on Tuesday as smelters in top producer China faced tougher power controls, stoking supply worries for the energy-intensive metal. DOMINANT POSITION: Exacerbating the tight situation was a large position accounting for 50-80% of available in...Read More -
China will no longer be aggressive steel exporter of steel
After a massive rally in metal prices across the globe, in recent times we see behemoth China showing its back to more of steel production. Tata Steel MD & CEO, TV Narendran is of the opinion that If China cuts production, then its exports will be less and this will give stability to steel pr...Read More -
China’s steel sector returning to normal
Chinese steel-related companies are adjusting their businesses as prices return to normal, after a government crackdown on speculation in the market for much-needed materials for factories. In respond to the months-long price jump for bulk commodities such as iron ore, China’s top economic ...Read More -
Nearly 100 Chinese steelmakers adjusted their prices upwards on Monday amid record costs for raw materials like iron ore
The decision by Chinese steel mills to fire up prices amid soaring raw material costs has raised concern about inflation risks in the world’s second largest economy and the impact this may have on smaller manufacturers who cannot pass on higher costs. Commodity prices are above pre-pandemic leve...Read More -
China to Cancel Steel Export Rebate for Cold-rolled Products from August 1
China will cancel more rebates of value-added tax for some steel exports from August 1, its Ministry of Finance said on Thursday July 29. Among them are rebates for flat steel products classified under Harmonized System codes 7209, 7210, 7225, 7226, 7302 and 7304, including cold-rolled coil and...Read More -
Aluminum plate model specification introduction
How many types of metal aluminum plates are there? Where is it used? When we buy aluminum veneers, we often see that 1100 aluminum plates are used as raw materials. So what exactly do these aluminum plate models ...Read More -
Surface scratch treatment method of aluminum plate
How many types of metal aluminum plates are there? Where is it used? Scratches on the surface of aluminum plates are more likely to occur in the process of aluminum plate processing. It is often caused by imprope...Read More -
How many types of metal aluminum plates are there?
How many types of metal aluminum plates are there? Where is it used? For interior designers, mentioning metal plates is almost equivalent to aluminum plates and stainless steel. With more and more stringent fire ...Read More
