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News Analysis: Coal price retreat continues on gov't efforts to repleni...
Release time: 2016/11/24 09:23:00
The Bohai-Rim Steam-Coal Price Index(BSPI), a gauge of coal prices in northern China's major ports, fell 0.5 percent from a week ago to 601 yuan(87.22 U.S.dollars)per tonne, according to Qinhuangdao Ocean Shippi...
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Iron ore roars back past US$70 a tonne
Release time: 2016/11/23 09:50:00
Iron ore jumped 5.7 per cent to$US73.80 a tonne overnight, according to The Steel Index, from$US69.80 the previous day.Last week, Deutsche Bank and Commonwealth Bank also lifted their near-term forecasts as the ...
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China’s Steel, Iron-Ore Prices Beaten Down as Speculators Panic
Release time: 2016/11/17 11:08:00
On Friday, the Shanghai, Dalian and Zhengzhou commodity exchanges raised transaction fees and margin requirements for a wide range of contracts, including thermal coal, iron ore and rubber.The three exchanges ha...
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Iron ore retreats with Chinese steel, coal after frenzied rally
Release time: 2016/11/16 09:57:00
Some analysts say the rally in iron ore that saw the benchmark spot price soaring 23 percent last week–its biggest such gain ever–may have been driven more by speculative play.At nearly 108 million tonnes, sto...
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Iron ore and coal futures extend remarkable rally
Release time: 2016/11/14 14:33:00
Iron ore futures are now trading at a 16 per cent premium to the spot Chinese Steel Index price which hit$US74.20 yesterday.RBC's Paul Hissey said it appears iron ore is undergoing a transition where futures, or...
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Coal mines, utilities ink long-term price deal
Release time: 2016/11/10 09:51:00
Two of the nation's top coal mines, Shenhua Energy Co and ChinaCoal Energy Co, have signed long-term supply contracts with utilities at 535 yuan($.The recent coal price surge in China was irrational and unsustai...
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Coking coal retreats after China ups fees; cuts gains in steel, iron ore
Release time: 2016/11/09 10:27:00
The Dalian Commodity Exchange said it will raise minimum margins for coke and coking coal to 11 percent from Tuesday.It will also double non-intraday transaction fees for both commodities from Wednesday.Coking c...
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China's coal conundrum: Short-term crunch, long-term excess
Release time: 2016/11/07 16:59:00
During the past two months, several top-level meetings have been called by the country's top economic planner, the National Development and Reform Commission(NDRC), to seek more supply to stabilize the market.Li...
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Steel makers oppose anti-dumping duty on met coke
Release time: 2016/11/03 10:30:00
Met coke, a key raw material for the steel sector, constitutes 40-50 per cent of the total cost of crude steel.In a letter to the Prime Minister's Office, Sanak Mishra, secretary general, Indian Steel Associatio...
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Chinese miners talk to Barrick on stake
Release time: 2016/11/02 10:08:00
Veladero is one of Barrick’s five core mines.It is set to produce between 580000 and 640000 ounces of gold this year.Barrick, the world’s biggest gold miner, has not launched a formal sales process for Velader...
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Coal producer Shenhua's profit rises 46% in Q3
Release time: 2016/11/02 09:59:00
Net income at China Shenhua Energy Co, the biggest coal miner in the world's largest energy consumer, rose to 7.48 billion yuan($1.1 billion)from about 5.1 billion yuan in the same period last year.Shenhua and C...
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Rio Tinto chief vows to continue cutting costs
Release time: 2016/10/27 10:12:00
Rio Tito's strategy has not changed, which is to keep our iron ore products at very low cost so that whatever the condition is, we will remain profitable, Jacques told China Daily in a group interview on Tuesday...
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