Latest Update in the China Other Coal Market

It is estimated that the annual global molybdenum production in 2023-2025 will stand at 267,700, 273,700, 275,700 mt respectively.

In Tianjin, #0 zinc ingot was mostly traded at 24,250-24,350 yuan/mt, Zijin zinc at 24,250-24,380 yuan/mt, and Huludao zinc at 29,080 yuan/mt. In terms of premium/discount, #0 zinc was in premiums of 90-120 yuan/mt over SHFE 2302 contract, Zijin zinc was 60-120 yuan/mt, and -60 yuan/mt over Shanghai.

According to data from the National Bureau of Statistics (NBS), China's copper cathode output in December 2022 was 961,000 mt, an increase of 3.6% year-on-year.

Coke prices are expected to remain stable at low levels in the short term amidst weak trades and low inventories.

At present, the total operating aluminium capacity in Yunnan is about 4.04 million mt.

The Philippines intends to follow Indonesia's example and considers imposing taxes on nickel exports after seeing Indonesia's success in banning nickel ore exports.

Quotes for spot pure nickel were made against the SHFE 2303 nickel contract today.

Recently, Tesla announced the further expansion of its 4680 battery production capacity, which has once again aroused the market's high attention to this technology.