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Chinese domestic ferrochrome prices rise on chrome ore market uptick

Chinese domestic ferrochrome prices rise on chrome ore market uptick

Prices of locally produced high-carbon ferrochrome in China have been on the rise due to an uptick in chrome ore prices, market sources said Monday. Spot ferrochrome was currently at Yuan 6,000/mt (68 cents/lb), possibly ex-plant, said one Beijing-based analyst, adding that prices were up around Yuan 150/mt from a week earlier. Yuan 6,000/mt is higher than the monthly purchase prices of major Chinese stainless steelmakers; BaoSteel'... >>

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  • China to cut steel capacity by 50 mln tonnes, coal by 150 mln tonnes

    China to cut steel capacity by 50 mln tonnes, coal by 150 mln tonnes

    China will push its drive to cut overcapacity in bloated sectors, with targets to slash steel production capacity by around 50 million tonnes and coal by at least 150 million tonnes this year, according to a government work report available to the media Sunday morning ahead o...>>>

  • China suspends oil price adjustment

    China suspends oil price adjustment

    China's top economic planner will not adjust domestic retail oil prices as global prices have stayed below the official pricing mechanism, according to an announcement on Tuesday. Under the current mechanism, prices of refined oil products are adjusted when crude prices trans...>>>

  • 100 Spot Commodities Price Chart - 03/03/2017 03/06

    It was assessed by SunSirs that in the tracked 100 spot commodities, 14 commodities increased in prices, 37 fell and 48 remained unchanged on 03/03/2017. The largest rises were Chloroform (2.38%), Sulfuric acid (1.38%), Dried cocoons (0.43%), while the large...>>>

  • AEP says 2016 coal costs at regulated plants rose 56 cents on year 03/06

    American Electric Power experienced a slight increase in coal costs in 2016 at its regulated utilities and its system-wide coal inventory was above target levels as of December 31, according to a regulatory filing. The Columbus, Ohio-based company said in a Wednesday filing with the US Securities and Exchange Commission that its regulated subsidiarie...>>>

  • Japan's aluminum premiums rise to $100-$115/mt CIF on more buyers 03/06

    Japan spot aluminum premiums rose to $100-$115/mt plus London Metal Exchange cash CIF Japan on Friday, from $95-$115/mt plus LME cash CIF Japan on Thursday on more buyers. A few Japanese buyers were in the market this week seeking spot April cargoes, but one producer said he had turned them down. The buyers expected aluminum premiums to be higher f...>>>

  • Asia ferrochrome: Chinese output cuts, strong demand push prices higher 03/06

    Tightening supplies of high-carbon ferrochrome in south China, as well as high run rates at Chinese stainless steel plants have pushed up spot import prices, market sources said Friday. Ferrochrome output in Sichuan and Guizhou provinces has stayed low after the Lunar New Year holidays due to higher costs of power and chromite feedstock, sources ...>>>

  • Peru rebar output in December up 0.8% year on year to 91,527 mt 03/06

    Peruvian steelmakers produced 91,527 mt of rebar in December, up 0.8% year on year, National Institute of Statistics (Inei) data showed Friday. On a month-on-month basis, rebar production increased 2.6% from 89,210 mt in November, the Inei data showed. In 2016, Peruvian steelmakers produced 1.13 million mt of rebar, up 4.8%. Shipments increased...>>>