600 t of NPI Output Reduction in IM
22/02/19 | Nickel
Shanghai Nonferrous Metals News Operations at several NPI smelters in IM may be interrupted by electricity supply limits in January 2019. Of all the producing areas, Fengzhen is most affected. In October 2018, at a time when the electricity supply problem was most serious, 20% of NPI output was curtailed…
Domestic PCs for Zn Concentrates Rise
20/02/19 | Zinc
China Nonferrous Metals News Processing charges (PC) for zinc concentrates surged by RMB 500/t on-month in January 2019 to RMB 5,900/t, an eight year high point. Looking forward, domestic PCs are expected to climb further to RMB 6,000/t. Due to limited smelting capacities at major large smelters – and despite…
New NPI Projects Coming on Line
20/02/19 | Nickel
China Nonferrous Metals News New NPI projects are gradually coming online in both China and abroad. At present, two blast furnaces at a NPI smelter in eastern China have come online and generated output in January. A third blast furnace at the same smelter commenced raw materials feed in early…
Domestic Zn Inventory Increases
13/02/19 | Zinc
China Nonferrous Metals News 11th February, the first trading day after the Chinese New Year Holiday, zinc futures prices at SHFE fell rapidly by RMB 695/t or 3.12% from the previous point, closing at RMB 21,610/t. As of 11th February, domestic zinc inventory (zinc ingots) was 189.6 kt, an increase…
30 ktpy W Mining Permit for Xianglu Guangdong
30/01/19 | Tungsten
Shanghai Nonferrous Metals News SMM – 27th January: Guangdong Xianglu Tungsten Co., Ltd. announced that its subsidiary Longxintai Mining Co., Ltd. at Dayu Jiangxi recently obtained a safety production license for tungsten mining. The license permits the company to mine 30 ktpy of tungsten ore per annum and is valid…
China Imported 2.2 mln t of Ni Laterite in December
28/01/19 | Nickel
Shanghai Nonferrous Metals News China imported 2.2 mln t of nickel laterite in December 2018, down 31.2% on-month and down 12.8% on-year. Of the total, imports from the Philippines dropped by 53.4% on-month to 876 kt and Indonesia imports lifted by 2.2% on-month to 1.23 mln t. Looking forward to…
Domestic W Prices Stable
24/01/19 | Tungsten
China Commodity Marketplace Domestic tungsten prices have been stable, miners and traders held firm on quotations and declined to sell at low price levels. Due to the upcoming Chinese New Year holiday (4~10 February 2019), some downstream smelters have suspended operations and transactions have stalled. At present, wolfram (65% grade)…
Domestic Zn Output to Edge down in Jan. 2019
23/01/19 | Zinc
China Nonferrous Metals News SMM: Processing charges (PC) for zinc concentrates lifted by RMB 300/t on-month in January 2019, reaching RMB 5,400/t. In December 2018, PCs on domestic ore in combination with the price sharing-scheme for zinc concentrates boosted smelters’ profit margins up to RMB 2,000/t. Despite increased profit margins,…
Net Profit of JDC Moly Spikes in 2018
19/01/19 | Molybdenum
Shanghai Nonferrous Metals News 15th January 2019: JDC (Jinduicheng Molybdenum Co. Ltd.) announced that the net profit attributed to the parent company in 2018 is expected to be between RMB 345 mln ~395 mln, up 222% or 268% on-year. The strong growth in net profit can be attributed to an…
