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Taiwan extends probe into steel products from mainland China

2018-06-04 09:13:27

SHANGHAI, May 31 (SMM) – Taiwanese authorities extended its anti-dumping and countervailing duty investigations, from 40 days to 60 days, into imports of various steel products from mainland China, Taiwan's Ministry of Economic Affairs announced in a release on May 24. Products under investigation ...
Bearish outlook deters buyers despite lower spot zinc offers

2018-06-01 09:49:40

SHANGHAI, May 30 (SMM) – Despite lower offers in China's spot zinc market, downstream buyers held back from purchases on Wednesday May 30 amid bearish sentiment on prices of futures, SMM learned. The SHFE zinc 1806 contract fell to a low of 24,080 yuan/mt near noon on May 30 and closed at 24,150 ...
SMM Evening Comments (May 30)

2018-06-01 09:48:47

SHANGHAI, May 30 (SMM) – Most nonferrous metals futures dipped except for SHFE tin and nickel. Copper led losses to close 1.47% lower, lead fell 0.65%, and aluminium and zinc inched down. The ferrous complex, except for coking coal and iron ore, rose across the board. Hot-rolled coil and coke gained ...
SHFE lead prices to rise on positive fundamentals

2018-05-31 10:39:20

SHANGHAI, May 29 (SMM) – The SHFE lead price is likely to extend its gains on shrinking secondary lead supply and low primary lead inventories, SMM believes. The SHFE 1807 contract hit a high of 20,210 yuan/mt on Tuesday May 29 after it traded rangebound at 19,750-19,920 yuan/mt the previous day. ...
Rebar prices rise in Guangdong, Guangxi on output cut concerns

2018-05-31 09:05:48

SHANGHAI, May 29 (SMM) – Rebar prices inched up in Guangdong and Guangxi as output is likely to be affected by the central government’s environmental review initiative that is set to start in the next few days, SMM learned. However, this is unlikely to reverse the weak trend of rebar prices given ...
SCO summit to affect 50% steel pipe output in Liaocheng

2018-05-31 09:05:09

SHANGHAI, May 30 (SMM) – Around 50% of steel pipe output will be affected in Liaocheng city of Shandong province as local steel pipe mills were required to cut emissions during May 30 to June 12, SMM learned. This is in response to the Shanghai Cooperation Organisation (SCO) Summit to be held on ...
HRC, rebar price spread widens on inventory gap

2018-05-29 10:00:11

SHANGHAI, May 28 (SMM) – The price spread between hot-rolled coil (HRC) and rebar has widened since the start of May, to 490 yuan/mt as of Friday May 25, SMM learned. This compared with a typical spread of 100-150 yuan/mt. HRC in the Shanghai market was trading at 4,220 yuan/mt on Friday, while ...
SMM Evening Comments

2018-05-29 09:56:39

SHANGHAI, May 25 (SMM) – Nonferrous metals, except for SHFE tin, rose across the board on Friday May 25. SHFE nickel led the increases with a gain of 1.8%. SHFE zinc and aluminium gained over 1%, lead and copper inched up, Most ferrous metals closed higher. Hot-rolled coil rose close to 1%, rebar ...
SMM Lead Zinc Summit: Stricter environmental policies to weigh on zinc die-casting

2018-05-28 09:10:52

NANNING, May 25 (SMM) – Stricter environmental policies in China are likely to weigh on the zinc die-casting industry, said Ren Lixing, an analyst at Leekee Group in Hong Kong. The industry faces pressure from policies such as production cuts, regulations around dust and explosions and environmental ...
SMM Morning Comments (May 22)

2018-05-23 13:33:02

SHANGHAI, May 22 (SMM) – Copper: LME copper stuck between all moving averages with support at the 40-day moving average overnight. It rebounded and closed higher at $6,898/mt after it dipped twice as the US dollar gained and LME copper inventory registered a fourth consecutive day of gain of 1,425 ...

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