may 22

2017 Outlook

In 2016, the aluminium industry performed well and exceeded industry predictions. Even during Q4, the industry’s low season, the price of aluminium has remained strong.

2017-outlook-china-aluminium-international

New transportation policies banning overloaded long-haul transport resulted in a low inventory in China’s physical market, as metal has been log-jammed at shipping points. This played a major role in buoying Q4 prices. Finally, the increasing supply of liquid aluminium created an artificial shortage in the aluminium inventory, creating positive market sentiment that raised prices further.

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may 16

Eurozone industrial production falls in September

An unexpected decline in Germany’s powerhouse industrial sector dragged industrial output in the eurozone back into decline in September, but the fall was not as severe as economists had expected.

 

eurozone-industrial-production-falls-in-september

Industrial output excluding construction declined by 0.8 per cent over the month, but was 1.2 per cent higher than the same month a year ago. Although lower than August, the decline was less severe than the 1 per cent fall predicted by economists.

Eurostat also revised upward August’s already strong figures, from 1.6 per cent monthly growth to 1.8 per cent.

The Eurostat data follow disappointing figures from the French and German statistics offices last week, which both showed unexpectedly severe declines in industrial output.

Germany’s decline was one of the largest in the entire eurozone, alongside Denmark and Greece. Sweden, Ireland and Estonia were the best performers.

September’s fall was caused by a 5.6 per cent decline in production of durable consumer goods, whereas production of non-durable consumer goods rose by 0.3 per cent.

may 08

Magnesia price plunge after China scraps export quota

Magnesia prices in China decreased substantially at the start of January as the market adjusted following the cancellation of the export quota system in end-2016…

magnesia-prices-plunge-after-china-scraps-export-quota

 

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may 01

EU imposes definitive dumping duties on Chinese steel tube imports

The European Union has imposed definitive anti-dumping duties on Chinese and Taiwanese imports of stainless steel tubes and pipe butt-welding fittings to protect its industry from steel overcapacity.

 

eu-imposes-definitive-dumping-duties-on-chinese-steel-tube-imports

An investigation found Chinese and Taiwanese manufacturers had sold stainless steel tube and pipe butt-welding fittings in Europe at dumped prices, the European Commission said in a notice published in the official journal on Friday.

Chinese imports will be taxed with anti-dumping duties of 30.7 to 64.9 percent while Taiwanese imports will face duties of 5.1 to 12.1 percent.

China’s Commerce Ministry said it had “serious doubts” about the decision, which had severely harmed the interests of Chinese companies, adding such protectionist moves would only damage global trade.

“China is willing to strengthen exchanges and communication with the EU side, to appropriately resolve the issues facing the steel industry at the moment,” it said.

The products are used to join pipes and tubes of stainless steel, and are used in industries including petrochemicals, food processing, shipbuilding, energy generation and construction, the European Commission said.

King Lai Hygienic Materials Co. will be taxed at 5.1 percent on its imports to the EU while Zhejiang Good Fittings Co. will face a duty of 55.3 percent.

The Commission said it has an unprecedented number of trade defenses in place targeting unfair imports of steel products, with a total of 39 anti-dumping and anti-subsidy measures, 17 of which are on products originating from China.

The EU has imposed anti-dumping duties on several Chinese steel products such as cold-rolled flat steel and stainless steel cold-rolled flat products.
It has also opened investigations into Chinese imports of heavy plate, hot-rolled, iron or steel seamless pipes.

abr 24

Chromite prices close 2016 on five-year high

Suppliers of chromite have been busy as both foundry and chemical grade material posted price upticks right up to Christmas, while buyers hope the market will slow down in 2017.

The chromite market closed 2016 at fresh highs, as spot prices for both chemical grade and foundry grade material edged up further during the final weeks of last year.

chromite-prices-close-2016-en-five-year-high

 

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