LME nickel price trend on May 20th

Steel market recovering in the second quarter would be in the high probability..

Chairman secretary of Bao Steel: More than 90% of the iron ore used by the company is imported.

Chairman secretary of Bao Steel: More than 90% of the iron ore used by the company is imported.

Global thermal coal exports in March recorded their steepest annual decline in more than four years, with further supply adjustments likely in the near term as the market rebalances in the wake of lower prices and demand.

Lead times rose to 4-5 weeks from 3-4 weeks, with minimills still having availability in June and integrated said to be booked into July.

The 2009 ferrosilicon contract price on ZCE closed at 5930 yuan per ton on May 21.

New infrastructure will play an important role in expanding domestic demand and stabilizing investment.