|Base Metals||Copper Aluminum Lead Zinc Tin Nickel|
|Minor & Precious Metals||Precious metals Manganese Silicon Cobalt Selenium|
|Scrap & Secondary||Scrap and secondary copper Scrap and secondary aluminum Secondary lead & zinc|
|Steel||Slab Finished steel Crude steel Scrap iron|
|Raw Materials||Ferroalloy Iron ore Coke Scrap steel Pig iron|
|Iron Ore||Spot Price Output Import Volume Export Volume|
|Scrap||Import Volume Export Volume|
|Pig Iron||Output Import Volume Export Volume|
|Finished Steel||Shanghai Output Import Volume Export Volume|
|Ferroalloy||Output Import Volume Export Volume|
|Crude Steel||Output Import Volume Import Volume Export Volume|
|Copper||Refined Copper Yangshan Copper Premium|
|Aluminum||Aluminum ingot Alumina Bauxite ADC12 ZLD102 A356 Prebaked Anode|
|Lead||Lead Ingot TC/RC Secondary Lead Lead Powder Lead-antimony Alloy|
|Nickel||Refined Nickel Laterite Nickel Ore NPI Nickel Powder Nickel Oxide|
|Zinc||#0 Zinc Ingot #1 Zinc Ingot TC/RC Zinc Oxide Zinc alloy|
|Tin||Tin Ingot Tin Concentrate Tin Powder Tin Alloy Solder Bar|
|Rare Earth||Ce Dy Er Eu Gd La Nd Pr Sm Tb Y|
|Minor Metals||Manganese Silicon Minor Metals|
|Precious Metals||Gold Silver Platinum Palladium Ruthenium Rhodium Iridium|
|Scraps||Scrap Copper Scrap Aluminum|
Tags: ETF Securities
INDIA June 10 2014 10:35 AM
MUMBAI (Scrap Register): Indian and Chinese central banks on track to absorb the equivalent of 90% of all mined gold production this year, said ETF Securities in its Precious Metal Weekly.
China, India and central banks absorbed just over 80% of global mine supply in 2 013 according to recent data. Recent data indicates that these three entities alone are likely to absorb the equivalent of nearly 90% of mine production in 2014m said ETF Securities.
Demand from India is likely to increase with the curtailing of the 2013 import restrictions . Central banks purchased 122 tons of gold in Q1 which is essentially unchanged year-on-year and China’s imports of gold from Hong Kong are up 18% year-on-year as of April . On a similar note, sales of US mint silver coins are on pace in 2014 to surpass the record 35 million ounces sold in 2013.
The US mint must purchase its silver from US sources and the amount of silver mined in the US in 2013 was only 35 million ounces. Most of the demand for silver is for industrial purposes and inventories are the lowest in decades - the majority in ETFs.
|China Steel Briefing 20160624
In conclusion, possibility is low for steel mills to slow down...
Copyright © SMM. All Rights Reserved