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Most steel mills resume operation as environmental probes end

2018-05-03 09:23:48

SHANGHAI, May 2 (SMM) – As the previous round of environmental inspections ended, most steel mills have resumed regular production. Some mills remain suspended, as of Wednesday May 2, SMM learned. A large-scale steel plant in Changzhou return to operations on Tuesday May 1. However, its two blast ...
Cobalt, lithium prices weaken on poor demand

2018-05-02 18:02:19

SHANGHAI, Apr 30 (SMM) – Sluggish demand weighed on prices of cobalt products and lithium salt in China over the week ended Friday April 27. SMM assessed refined cobalt at 650,000-675,000 yuan/mt as of Friday April 27, with the average price down 6,500 yuan/mt from a week ago. Small amounts of ...
China’s indium spot market quiet as VAT cut approaches

2018-05-02 18:02:05

SHANGHAI, Apr 30 (SMM) – Trading in the indium spot market in China was lacklustre during the week ended Friday April 27 as both buyers and sellers were keen to delay deals until May when the value-added tax (VAT) cuts takes effect. SMM assessed refined indium at 2,000-2,050 yuan/kg as of April 27, ...
Zinc spot transactions down as SHFE zinc weakens

2018-04-28 09:27:18

SHANGHAI, Apr 26 (SMM) – Amid pessimistic sentiment, China's zinc spot market traded thinly on Thursday April 26 as SHFE zinc dipped in the morning, SMM learned. Most long-term orders halted today, before the Labour Day holiday. Some smelters were also not keen to sell as the value-added tax (VAT) ...
Spot aluminium trades in China continue to be flat

2018-04-28 09:26:33

SHANGHAI, Apr 26 (SMM) – China’s spot aluminium market continued to see thin trades on Thursday April 26, SMM learned. The SHFE 1805 contract traded rangebound in the morning. For cargoes with invoices for April, transactions in the Shanghai market were mostly heard at 14,340-14,360 yuan/mt with ...
Jiangsu conducts environmental inspections in 8 cities along Yangtze River

2018-04-27 12:26:28

SHANGHAI, Apr 25 (SMM) – Jiangsu province will undertake a month-long, joint environmental inspection across eight cities along the Yangtze River from Tuesday April 24, the Jiangsu Provincial Environmental Protection Office said on Monday April 23. To protect and preserve the ecology along the river...
Buyers in Shanghai zinc spot market hold back on adequate supplies

2018-04-27 09:35:48

SHANGHAI, Apr 25 (SMM) – With adequate supplies in the Shanghai zinc spot market, downstream buyers made few purchases on Wednesday April 25. Cargoes with invoices for May offered at smaller premiums of 50-80 yuan/mt from cargoes with invoices for April against the SHFE 1805 contract. SMM learned ...
Jiangsu sees third round of environmental checks since Apr 18

2018-04-27 09:17:02

SHANGHAI, Apr 25 (SMM) – To conduct month-long environmental inspections, three provincial inspection teams have settled in Changzhou, Huai'an, and Zhenjiang of Jiangsu province as of Tuesday April 24, SMM learned. The inspection will cover industries such as steel, cement, and building materials. ...
SMM Evening Comments (Apr 25)

2018-04-27 09:16:46

SHANGHAI, Apr 25 (SMM) – Nonferrous metals fell across the board on Wednesday April 25 except for SHFE copper. SHFE zinc dropped over 1%, lead lost 0.76%, tin and aluminum edged down and nickel dipped. The ferrous complex also fell, except for rebar. Iron ore dropped 1.58%, coking coal slid 1.44% ...
Report: Xuzhou to integrate steel mills into one group in three years

2018-04-26 10:15:33

SHANGHAI, Apr 24 (SMM) – With a focus on environmental protection, Xuzhou city plans to consolidate its current 18 steel mills to less than 10 within this year, and to integrate them into one "Xuzhou Iron & Steel Group" in three years, according to Li Zhongling, deputy researcher of the Xuzhou ...

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