Latest Update in the China Coking Coal Market

DCE iron ore was shocked sharply all the day. The main contract closed at 741,increased of 2.28 %. Traders are more motivated to ship.

Shanghai nonferrous metals closed mostly with gains as the US CPI rose 8.5% year-on-year, which is lower than expected, with a reading of 9.1% in June. Slowing US inflation has boosted the confidence of longs, hence non-ferrous metals posted gains across the board.

SHANGHAI, Aug 11 (SMM) - Power battery output totalled 41.3 GWh in June, up 171% on the year and 16% on the month.

SHANGHAI, Aug 11 (SMM) - Nickel sulphate supply deficit stood at 1,120 mt in Ni content in July.

SHANGHAI, Aug 11 (SMM) - Domestic cobalt sulphate market again saw a supply surplus of 416 mt in metal content in July.

SHANGHAI, Aug 11 (SMM) - Lithium carbonate supply deficit recorded 1,361 mt in July compared with a supply surplus in June. Domestic lithium carbonate output stood at 30,319 mt in July, down 4% MoM.

The total inventory of HRC across social warehouses and steel makers in China stood at 3.82 million mt as of August 11, down 99,100 mt or 2.53% on the week, a decrease of 5.17% on the year.

The total inventory of rebar across social warehouses and steel makers in China stood at 7.24 million mt as of Thursday August 11, down 419,500 mt or 5.5% on the week, and down 36.9% from the same period last year.