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SHANGHAI, Mar 17 (SMM) – LME and SHFE base metals closed mostly with losses last night. On the macro front, the European Central Bank still raised interest rates as planned despite the market chaos in recent days, and the market expects that the Fed may also raise interest rates next week. European ... Read More
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SHANGHAI, Mar 15 (SMM) - As of March 3, nickel ore arrivals at Chinese ports totalled 423,000 wmt, down 15% WoW, with more goods arriving at Lanqiao, Jingtang and Fangcheng ports. Last week, nickel ore prices dropped on falling NPI prices. The ore arrivals are expected to increase in late March when ... Read More
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BEIJING -- Xi Jinping, newly elected president of the People's Republic of China (PRC) and chairman of the Central Military Commission of the PRC, made a public pledge of allegiance to the Constitution at the Great Hall of the People in Beijing on Friday. Read More
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SHANGHAI, Mar 9 (SMM) - Chinese refined tin output was 12,892 mt in February, up 7.52% MoM and 5.98% YoY. The total output from January to February dipped 3.39% on the year. Some smelters suffered raw material shortage. In terms of regions, the output of smelters in Yunnan and Jiangxi dropped from ... Read More
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SHANGHAI, Mar 7 (SMM) - On the supply side, the nickel prices remained low yesterday. Upstream positions basically held SHFE 2304 nickel, which curbed the premiums from a further drop, hence the spot prices bounced back. NPI imports from Indonesia surged, while the stainless steel transactions ... Read More
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SHANGHAI, Mar 6 (SMM) - Nickel prices trended lower on frequently released news factors last week. On March 2, the news said that NORNICKEL Nickel, the largest nickel producer in Russia, shipped goods to China in RMB. The spots were priced based on the mixed price of SHFE and LME nickel. Nickel ... Read More
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China's manufacturing Purchasing Managers’ Index (PMI) stood at 52.6 in February, up 2.5% MoM, indicating that manufacturing industry returned to expansion range. The business activity index in the construction industry was 60.2, an increase of 3.8 percentage point from the previous month. Source... Read More
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The latest developments in the bankruptcy and reorganization of the Northeast Special Steel Group. Reporters from the Northeast Special Steel Group bankruptcy reorganization manager was informed that the Northeast Special Steel Group and its managers on the 10th to Dalian Intermediate People's Court ... Read More
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As of the evening of July 10, a total of five listed steel prices released six months notice: Among them, the first half of Hebei Iron and Steel shares is expected to profit 1.15 billion yuan to 1.27 billion yuan last year, profit of 409 million yuan; Half-year net profit attributable to shareholder... Read More
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July 11, SASAC chief accountant Shen Ying in the new office conference, said the SASAC in the first half to promote the central enterprises to debt-to-equity swap, there are 12 central enterprises and banks signed a debt-equity swap agreement, which China Steel Group , Bao Wu Group and other debt-to... Read More
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