China’s Shanghai Rebar Drops on Fresh Trade Tensions

China’s construction steel rebar prices dipped on Tuesday amid a broad sell-off across commodities, as market sentiment was dampened by a fresh round of Sino-U.S. trade friction. According to a Bloomberg report, the United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between Presidents Trump
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Chinese iron ore futures climbed more than 2 percent to their highest in almost eight months on Monday, supported by firm demand for the steelmaking raw material in the world’s top consumer as stockpiles at its ports dropped last week. Inventories of iron ore at China’s major ports fell 150,000 tonnes from the previous week
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Big discounts for lower grade iron ore are here to stay says explorer Flinders Mines, which is searching for a way to upgrade the product at its Pilbara Iron Ore Project (PIOP) in Western Australia. Lower grade iron ore was discounted by up to 40 per cent last year as Chinese steelmakers increasingly favoured higher
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Chinese demand for seaborne thermal coal appears to be in doldrums in the seasonally strong fourth quarter as the country strives to plan better to make supply of LNG smoother than last year. China’s National Development and Reform Commission said earlier this week that supply and demand of natural gas would be in “tight balance”
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Drought is expected to cut eastern Australia’s crop production this year to less than half the average over the past 20 years, with New South Wales to be worst hit, the country’s agricultural commodities forecaster said. While some regions are facing the worst conditions in memory, the Australian Bureau of Agricultural and Resource Economics said
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Chinese coking coal prices hit a 13-month high on Friday, spurred by expectations of short supply due to safety inspections at coal mines and firm demand at steel mills. The most-active coking coal futures on the Dalian Commodity Exchange hit 1,433 yuan ($205.97) a tonne when the market opened, a level last seen in September
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Brazil’s Vale, the world’s top iron ore producer,is expecting major improvement in the performance of its base metals division in 2020 but said that production cuts would remain effect this year and next while prices remain low, executives said. Chief Executive Fabio Schvartsman forecast a major jump for the segment in 2020. Base metals are
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Coal output in China’s top producing region Inner Mongolia jumped 11.1 percent in the first three quarters of 2018, taking total output for the period to 673.3 million tonnes, industry data showed on Friday. Shanxi province was the second biggest producer over the period, with 650 million tonnes, up 1.2 percent on the year, according
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As states gear up for elections and several others rush to meet the Centre’s electrification deadline, power demand is touching a new record every day. Meanwhile, failing to catch up, coal supply has dipped to a record low. According to an industry source, stocks at the coal pithead and power plants have touched an all-time
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First, Beijing slapped tariffs on American soybeans. Now, it wants to wean its farmers off them altogether. China has been facing a potential soybean shortage after it put a new 25% tariff on importing them from the United States in July, part of the escalating trade war between the two countries. China is the world’s
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