Steel & Iron Ore smm insight - Shanghai Metals Market

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Greater profits lift operating rates across Chinese EAF steelmakers in Apr

Rates averaged 76% as of Apr 9, up 18 percentage points from a month ago

Data Analysis

11:36:40AM Apr 11, 2019

Operating rates EAF Steel
Operating rates of iron ore mines to rise significantly in Apr

High profits will incentivise mines to raise output or resume production

Data Analysis

01:45:55PM Apr 09, 2019

Operating rates Iron ore mine
Slower decline in rebar inventories grows market pessimism 

Declines may slow further in weeks ahead as supply will grow after capacity restarts

Data Analysis

10:29:46AM Mar 29, 2019

Inventory data Rebar
Profit, supply concerns boost prices of silico-manganese in Mar

In Mar, silico-manganese producers’ offers rose 200-300 yuan/mt from Feb

Smm Insight

06:59:28PM Mar 27, 2019

Market commentary Silico-manganese
High-nickel ternary batteries demand growth pressured by 2019 NEVs subsidy policy

To qualify for a subsidy, NEVs must have a minimum energy density of 125wh/kg, up from 105wh/kg in 2018

Industry News

03:46:47PM Mar 27, 2019

Market commentary New Energy Vehicle NEV
China to cut manufacturing VAT by 3 percentage points

This will lower VAT from 16% to 13%

Smm Insight

12:33:02PM Mar 05, 2019

Tax cuts Copper Aluminium Zinc Lead Tin
Hopes of seasonal demand pickup to support iron ore purchases by steel mills

However, lower profits after CNY prevented them from purchasing as high as market expectations

Smm Insight

05:35:19PM Feb 27, 2019

Market commentary Iron ore
Post-holiday consumption anticipation stabilises stainless steel prices

A mill expected prices of #3-series cold-rolled stainless steel to climb to 16,500 yuan/mt

Smm Insight

10:56:36AM Feb 25, 2019

Stainless steel
Tepid purchases, higher stocks lower rebar prices from highs

As of Feb 14, social and in-plant stocks of rebar increased by 4.69 million mt from the last week before CNY, and stood at 11.73 million mt

Price Review Forecast

01:38:07PM Feb 15, 2019

Market commentary Inventory data Rebar
Vale issues likely to buoy iron ore prices in mid to long run

In the short term, however, iron ore futures and spot prices are expected to moderate after prices rose this week

Smm Insight

07:06:34PM Feb 14, 2019

Market commentary Iron ore
Greater profits lift operating rates across Chinese EAF steelmakers in Apr

Greater profits lift operating rates across Chinese EAF steelmakers in Apr

Rates averaged 76% as of Apr 9, up 18 percentage points from a month ago

11:36:40AM Apr 11, 2019

Data Analysis

Operating rates EAF Steel
Operating rates of iron ore mines to rise significantly in Apr

Operating rates of iron ore mines to rise significantly in Apr

High profits will incentivise mines to raise output or resume production

01:45:55PM Apr 09, 2019

Data Analysis

Operating rates Iron ore mine
Slower decline in rebar inventories grows market pessimism 

Slower decline in rebar inventories grows market pessimism 

Declines may slow further in weeks ahead as supply will grow after capacity restarts

10:29:46AM Mar 29, 2019

Data Analysis

Inventory data Rebar
Profit, supply concerns boost prices of silico-manganese in Mar

Profit, supply concerns boost prices of silico-manganese in Mar

In Mar, silico-manganese producers’ offers rose 200-300 yuan/mt from Feb

06:59:28PM Mar 27, 2019

Smm Insight

Market commentary Silico-manganese
High-nickel ternary batteries demand growth pressured by 2019 NEVs subsidy policy

High-nickel ternary batteries demand growth pressured by 2019 NEVs subsidy policy

To qualify for a subsidy, NEVs must have a minimum energy density of 125wh/kg, up from 105wh/kg in 2018

03:46:47PM Mar 27, 2019

Industry News

Market commentary New Energy Vehicle NEV
China to cut manufacturing VAT by 3 percentage points

China to cut manufacturing VAT by 3 percentage points

This will lower VAT from 16% to 13%

12:33:02PM Mar 05, 2019

Smm Insight

Tax cuts Copper Aluminium Zinc Lead Tin
Hopes of seasonal demand pickup to support iron ore purchases by steel mills

Hopes of seasonal demand pickup to support iron ore purchases by steel mills

However, lower profits after CNY prevented them from purchasing as high as market expectations

05:35:19PM Feb 27, 2019

Smm Insight

Market commentary Iron ore
Post-holiday consumption anticipation stabilises stainless steel prices

Post-holiday consumption anticipation stabilises stainless steel prices

A mill expected prices of #3-series cold-rolled stainless steel to climb to 16,500 yuan/mt

10:56:36AM Feb 25, 2019

Smm Insight

Stainless steel
Tepid purchases, higher stocks lower rebar prices from highs

Tepid purchases, higher stocks lower rebar prices from highs

As of Feb 14, social and in-plant stocks of rebar increased by 4.69 million mt from the last week before CNY, and stood at 11.73 million mt

01:38:07PM Feb 15, 2019

Price Review Forecast

Market commentary Inventory data Rebar
Vale issues likely to buoy iron ore prices in mid to long run

Vale issues likely to buoy iron ore prices in mid to long run

In the short term, however, iron ore futures and spot prices are expected to moderate after prices rose this week

07:06:34PM Feb 14, 2019

Smm Insight

Market commentary Iron ore