Platinum: +2.2% Turkey steel scrap: +1.9% Zinc: +1.8% Aluminum: +1.2% Copper: +0.9% Iron ore: -2.7% Coal: -4.8%
Aluminum stocks of Shanghai, SHFE and LME respectively decreased 4.5%, 5.5% and 1.0% WOW. Copper stock of LME fell 2.3% while U.S. and SHFE respectively increased 4% and 4.8% WOW. Zink stocks of LME, Shanghai and SHFE declined respectively 6.9%, 5.8% and 3.6% WOW. Rebar stocks of SHFE dropped 56% which will stimulate the steel…
Nickel: +2.3% Steel Billet, Black Sea: +1.9% Iran Steel Billet: +0.7% Iron ore: 0.6% Zinc: 0.3% Copper: -0.4% Selenium: -1.8% Ferro-vanadium: -9.1%
Yesterday iron ore price reduced 0.6%. Index for iron ore 62% and 65% Fe fell respectively 1.1% and 1.4%. Iron ore price reduction as well as the new 25% tariffs on export of iron ore in Iran can limit Iran’s iron ore export significantly. But it is a good opportunity for Iranian steelmakers; help them…
Index for iron ore at Chinese ports fell to 87.9 on Wednesday, down 5.5% Reasons: Low restriction on Chins steelmaking mills this winter, increase the steel supply and cause the steel price to fall. So the iron ore rate as the raw material for steel production will be under pressure. RioTinto iron ore supply increased…
Rhodium: +3.3% Palladium: +1.5% Lead: +1.4% Zinc: +0.2% Copper: -1.1% Iron ore 62%: -5.5%
Australia coal: +3.4% Iron ore 62%: +1.7% Lead: +0.7% Copper: +0.5% Alumina: -0.3% Steel billet: -0.3% Steel slab: -4.1% China cock: -5.6%
Aluminum stocks of SHFE and LME jumped respectively +0.3% and +1%. Copper stocks of LME and US decreased respectively -1.1% and -0.3% while copper stocks of SHFE increased +14.5%. Zinc stocks of LME descended -2.9% but zinc stocks of SHFE ticked up +4.4%.
Coal, fob DBCT: +3.4% Iron ore: +2.8% Zink LME: +1.8% Steel scrap, cfr Turkey: +0.6% Alumina: -0.4% Steel slab export, fob Black Sea: -2.6%
Chinese iron ore stocks had a bullish trend since 2.5 months ago, up 5.5%. It controls the increase of iron ore price and decreased its rate from $125.7 to $90.