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China iron ore concentrates price down 6.8% on overall declines

China iron ore concentrates price down 6.8% on overall declines

China's domestic price for iron ore concentrates fell by Yuan 40/dry metric ton ($6.20/dmt) or 6.8% over the week, together with the substantial softening in China's domestic steel and seaborne iron ore prices in the week of May 9-13, market sources said Friday. Platts assessment of China's domestic 66% Fe iron ore concentrates delivered to steel mills in Tangshan city in Hebei province, therefore, declined to Yuan 540-550/dmt as of... >>

Chemical News

  • China's nine top molybdenum producers agree to 10% production cuts in 2016

    China's nine top molybdenum producers agree to 10% production cuts in 2016

    Nine leading molybdenum producers in China have proposed cutting national production of molybdenum concentrates by 10% in 2016 as the industry faces continuing challenges of severe overcapacity, cut-throat competition, slumping prices in both international and domestic market...>>>

  • China to raise retail fuel prices

    China to raise retail fuel prices

    China will raise retail oil prices from Thursday to adapt to warming global markets, the country's top economic planner announced Wednesday. The prices of gasoline and diesel will rise by 120 yuan (18.46 U.S. dollars) and 115 yuan per tonne, respectively, according to a state...>>>

  • 100 Spot Commodities Price Chart - 13/05/2016 05/16

    It was assessed by SunSirs that in the tracked 100 spot commodities,16 commodities increased in prices, 41 fell and 42 remained unchanged on 13/05/2016.The largest rises were Soda ash (2.47%),Dysprosium oxide (1.54%),Bromine (0.73%),while the largest falls...>>>

  • Aggressive offers from speculators push rhodium below $700/oz 05/16

    Rhodium prices plummeted this week as banks and other financial institutions aggressively lowered their offers to attract industrial buyers, who had largely exited the market. The Platts New York Dealer rhodium price range fell to $650-$705/oz from $700-$740/oz last week. Rhodium had been holding within the $700-$750/oz range since mid-March. The d...>>>

  • Turkey gold imports surge 92% in April to 3.2 mt, highest level this year 05/16

    Imports of gold into Turkey totaled 3.2 mt in April, up 92% from March to reach the highest monthly import level since December, Borsa Istanbul data showed Friday. The total is 54% higher than 2.09 mt a year earlier, data showed. Turkey is the world's fourth-largest consumer of the metal after China, India and the US. Physical gold demand has s...>>>

  • SSAB Americas raises steel plate prices by $40/st 05/16

    SSAB Americas announced on Friday it would be increasing plate prices for its customers by a minimum of $40/st for all new non-contract orders and for all existing non-contract orders acknowledged for shipment the week of July 3 and beyond. The increase applies for as-rolled mill plate, cut-to-length plate and hot-rolled coil greater than 72 inch wid...>>>

  • Weekly US coal output falls 2.8% week on week to 10.9 million st: EIA 05/16

    Weekly US coal production totaled an estimated 10.9 million st in the week that ended Saturday, down 2.8% from the prior week's estimate but 31.8% below the year-ago week, US Energy Information Administration data showed Thursday. Year-to-date coal production totaled an estimated 222.1 million st, down 33% from the same period a year ago. Based on ...>>>