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Chinese industrial firms’ profits fall 2 percent year-on-year
According to the latest data released Tuesday morning by the National Bureau of Statistics (NBS), gross profits of China's large industrial enterprises fell 2.1 percent year-on-year to 5.53 trillion yuan ($772 billion) in the January-August period, compared with a 1.1...
Copper: major Chinese smelters raise processing price to four-year highs
China's major copper smelters set the minimum price of copper concentrate treatment and refining tariffs (TCs/RCs) for the fourth quarter at $93/ton and 9.3 cents/lb, respectively, the highest level in four years. The increase in TCs/RCs indicates that local markets...
HRC steel: weak rebound for prices due to still high inventories
Hot-rolled coil prices in Northwest Europe weakly rebounded on Sept. 26 due to limited trading activity caused by high distributor inventories and slow demand from end consumers. Prices stood at 767 euro/mt, slightly recovering from 760 euro/mt the previous day (+0.92...
Metals: supercycle remains intact thanks to energy transition demand
According to Benedikt Sobotka, CEO of Eurasian Resources Group, the metals markets remain fundamentally in the "supercycle" identified in recent years despite the current global economic slowdown and falling prices, with demand for a wide range of metals continuing to...