Domestic W Prices Continue to Rise
28/07/21 | Tungsten
China Commodity Marketplace Domestic tungsten concentrates prices continued to rise this week, seeing mainstream quotations exceeding RMB11,000/t. Mainstream domestic concentrate quotations increased to RMB10,900/t ~11,100/t (65% WO3). Downstream APT smelters were cautious with high-level quotations, resulting in few transactions. Mainstream APT quotations increased to RMB164,000~167,000/t. Jiangxi Xianglu raised its long-term…
Domestic W Prices on the Rise
23/07/21 | Tungsten
China Nonferrous Metals News Domestic tungsten concentrates prices continued strong this week, seeing mainstream quotations rising to RMB10,700~10,900/t (65% WO3) and RMB10,400~10,700/t (55% WO3). However, downstream APT smelters were cautious with high-level quotations, resulting in few transactions. Mainstream APT quotations increased to RMB161,000~163,000/t with some high-level quotations approaching RMB165,000/t. In…
SRB: Releases Stocks of Cu, Al and Zn- 2nd Batch
22/07/21 | Zinc
Aladdiny News SRB (State Reserve Bureau) is ready to release a 2nd batch of copper, aluminium and lead stocks in late July, including 30 kt of copper, 90 kt of primary aluminium and 50 kt of zinc, SRB released 20 kt of copper, 50 kt of primary aluminium and 30…
Domestic Mg Prices Edge up Moderately
20/07/21 | Magnesium
Shanghai Nonferrous Metals News Buoyed by increasing new order prices, mainstream magnesium quotations at Fugu Shanxi climbed by RMB300/t from last Friday to RMB20,500/t, but no transactions were concluded. Rising coal and FeSi prices have propped magnesium production costs recently. Meanwhile, holding limited stocks, domestic magnesium smelters intend to hold…
National Carbon Trade: CEA Closes at RMB52.3/t
20/07/21
Shanghai Nonferrous Metals News 19th July: 130.8 kt of CEA (carbon emission allowance) has been traded on the National Carbon Trade Market at RMB6.84 mln, opening high at RMB52.8/t and closing at 52.3/t, an increase of RMB2.09% from the previous day. No block deal was concluded on the date.
NDRC: Development of National Coal Storage Capacity
19/07/21
Cnal News NDRC: China is working to build up its national coal storage capacity, with the aim of reaching 600 mln t of coal storage capacity in China, or approximately 15% of total annual coal consumption. Of the 600 mln t capacity, 200 mln t will be subject to the…
CAAM: Production and Sales of China’s Auto Vehicle Drop in June
19/07/21 | EV
Baidu News China’s production and sales of automotive vehicles totaled 1.94 million units and 2.02 million units respectively in June 2021, down 4.8% and 5.3% m-o-m, and down 16.5% and 12.4% y-o-y, according to CAAM (China Association of Automobile Manufacturers). Between January-June 2021, production and sales of automotive vehicles in…
Sales of Li Battery Soar from January to May 2021
19/07/21 | EV
Asian Metal News 15th July, MIIT: During the first five months of 2021, China produced 8.61 bln sets of lithium battery, 103.81 mln kVA of lead battery, and 17.2 bln units of primary battery and primary battery sets (excluding button cells), showing an increase of 56%, 32% and 19% y-o-y…
IM Heheng New Materials: Production of First NPI
16/07/21 | Nickel
Sohu News IM Heheng New Materials has two sets of 33,000 kVA NPI EFs in the East Industrial Zone of Naiman Banner, Tongliao, IM. It produced a first batch of NPI from a NPI EF this week, and plans to start the second NPI EF shortly. The company will be…
