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Ocean freight rates reversed to increase again after 5 weeks of decrease, what will the outlook be?

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Ocean freight rates reversed to increase again after 5 weeks of decrease, what will the outlook be?

The Baltic Dry Index (BDI) - published by the Baltic Exchange - for the week ended 11/12 increased for the first week in 5 weeks due to freight rates for capesize ships - 150,000 tonnage.…

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Iron, steel and coal prices fell for many consecutive weeks

Iron ore prices have fallen for the fifth consecutive week on concerns about weakening demand for raw materials from China following the country's tightening of steel production restrictions and the deepening of the liquidity crisis…

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Construction steel price today 12/11: Slight fluctuation, bar steel price reached 4,355 yuan/ton

Steel prices today increased to 4,355 yuan / ton on the Shanghai Exchange. Prices of China's steel products and steelmaking materials surged, after it was reported that China Evergrande Group had made payments to bondholders.…

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Construction steel price today 11/11: Turned to increase, reaching 4,344 yuan/ton

Steel prices today increased to 4,344 yuan / ton on the Shanghai Exchange. China's iron ore futures have hit a one-year low on rising demand concerns. Steel prices today increased again Today's price for delivery…

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‘Green steel’ is expensive but the inevitable future for the global steel industry

Experts predict that the production cost and cost of "green steel" will be more expensive than ordinary steel. However, green steel production is a vital direction for the steel industry in the future. The industry…

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Construction steel price today 10/11: Dropped sharply to 4,058 yuan/ton

Steel prices today fell to 4,058 yuan / ton on the Shanghai Exchange. Posco (South Korea) steel maker has committed a huge investment of 40 trillion won to switch to hydrogen-based "green" steel production by…

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Iron ore prices reversed to increase, ending a series of 7 consecutive losing sessions

Iron ore prices on the Asian market recovered on November 8, ending a series of 7 consecutive declines compared to selling, although the increase in this session was not large. Although the price increased in…

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Iron ore imports into China fell for 2 consecutive months

Iron ore imports into China in October continued the downward trend like September due to limited steel output. The world's top iron ore consumer imported 91.61 million tons of iron ore in October 2021, compared…

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Scrap steel prices hit a 13-year high and could go even higher

Scrap steel prices have just hit a 13-year high as more and more steelmakers want to recycle the industrial metal to reduce their dependence on iron ore, while at the same time helping to reduce…

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Construction steel price today 9/11: Maintaining upward momentum on Shanghai Exchange

Steel prices today increased to 4,341 yuan / ton on the Shanghai Exchange. The amount of imported iron ore stockpiled at Chinese ports is at a 31-month high. Steel prices continue to increase today Steel…

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Many logistics enterprises and seaports had a bumper quarter in the third quarter despite the 4th wave of the epidemic

In the third quarter, seaports in the South and North regions were more or less weakened due to the impact of social distancing, while port enterprises in the Central region seemed to take advantage of…

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Construction steel price today 8/11: Increase again, recorded at 4,268 yuan/ton

Steel prices today increased to 4,268 yuan / ton on the Shanghai Exchange. Trade officials have begun preliminary negotiations on the future of US steel and aluminum tariffs on Japan following the US and European…

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Bloomberg Intelligence: Gold will dominate the metal market in 2022

According to Bloomberg Intelligence, after consolidating at $1,700 an ounce this year, gold could become a precious metal that investors can boldly pursue in 2022. Mike McGlone, senior commodity analyst at  Bloomberg Intelligence, said: "In…

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Demand booms, scrap steel prices rise to 13-year high

Scrap steel prices climbed to a 13-year high as global demand trended upward. Scrap steel, once considered junk, is now emerging as a strategic national resource as steelmakers recycle more metal scrap than before to…

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All the ‘gateways’ of the world economy are blocked, inflation is high

Inadequacies throughout the supply chain since the onset of the Covid-19 pandemic are leading to congestion at ports around the world, driving up prices. Cargo shipments from the busiest ports in the US show a…

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Deputy Minister of Industry and Trade: A very high increase in world raw material prices will directly affect CPI, inflation pressure in 2022 will be huge.

"In the whole year of 2021, we will definitely achieve the target set by the National Assembly, the CPI for the whole year will be around 2%. By 2022, the world and the country can…

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Shock: A shipment that stretches nearly as long as the Vietnamese coastline is “stuck” off the coast of the United States

Business Insider đưa tin, hơn 70 tàu container đang lênh đênh trên biển ngoài các cảng Los Angeles và Long Beach đang chờ cập bến và được bốc dỡ. Hàng hóa trên container nhiều khả…

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The world’s largest shipping company thrives during the pandemic

A.P Group. Moeller-Maersk said revenue for the third quarter of 2021 hit a record high of $16.6 billion, up nearly sixfold from $9.9 billion in the same period last year. A.P Group. Moeller-Maersk from Denmark,…

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Construction steel price today 5/11: Bar steel price dropped to 4,208 yuan/ton

Steel prices today fell to 4,208 yuan / ton on the Shanghai Exchange. In China, stainless steel futures fell as traders predicted higher output this month. Steel prices today fell again Steel price today delivered…

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Ocean freight rates plunge 11 consecutive sessions – how long will it last?

The Baltic Dry Index (BDI) - published by the Baltic Exchange - has fallen for 11 consecutive sessions as freight rates in all shipping segments fell. The general freight index - including freight rates for…

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A crisis is threatening to “sink” the global economy, leaving central banks with a dilemma because of the risk of stagnation associated with inflation.

In 2020, the global economic engine almost suddenly "stopped spinning" because of the epidemic. This year, the machine is back to work, but unfortunately is stuck in one of the biggest "traffic jams" in human…

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Concerns continue to surround China, “compressing” the metallurgical industry

Efforts to tighten steel production and cool down China's coal furnaces have caused great volatility in the metal market recently. Real estate, energy crises and pressure on economic growth have brought confusion to China in…

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Australia ends anti-dumping investigation on Vietnamese copper pipes

The Australian Anti-Dumping Commission concluded that Vietnam's copper pipe exporters were not dumping and proposed to stop the investigation against Vietnam. The Department of Trade Remedies (Ministry of Industry and Trade) said, "Recently, the Australian…

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Market on November 4: Oil prices are at their lowest in nearly 4 weeks, gold, copper, iron ore… all fell

Closing the session on November 3, oil prices were at their lowest in nearly 4 weeks, gold was at the lowest in nearly 3 weeks, copper, iron and steel, while natural gas and coking coal…

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Construction steel price today 4/11: Turning to increase after many consecutive days of decline

Steel prices today increased to 4,347 yuan / ton on the Shanghai Exchange. The UK, US, India, China and the European Union (EU) have set a target to raise steel production with near-zero emissions by…

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Metal prices today 3/11: Copper increased due to low reserves

Copper prices rose on November 3, as low levels of stockpiles in storage partly supported the metal after falling sharply in recent weeks. Three-month copper on the London Metal Exchange rose 1.3% to $9,618 a…

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China’s coke prices rise for the first time in 6 sessions

China's coking coal futures on November 3 rose for the first time in six sessions, up more than 12% amid tight supply, while coking coal prices also surged. The current coke price is about 1,100…

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How has China been able to halve the price of coal, cooling the market?

If there is another cold winter this year, coal demand will exceed reserves. Therefore, before the winter is over, securing coal supplies is still a difficult task, with many challenges for the Chinese government. After…

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Hundreds of financial “big guys” withdraw from coal power plants globally, what risks will projects in Vietnam face?

Financing for coal power is a hot topic. To date, more than 100 banks, insurers & asset managers and investors globally (including multilateral financial institutions and financial investors) have announced their withdrawal from the financial…

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China’s coal inventories prosper day by day, thermal coal prices continue to fall deeply

China's coal shortage shock has been softened by a series of aggressive policies by the Beijing government, the Commonwealth Bank of Australia said in a recent report. China's coal inventories flourish By mid-October, the number…

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Coal mining activity in China increased in October

China's National Development and Reform Commission (NDRC) said the country's coal supply has improved significantly thanks to increased coal mining output and stable prices. According to the NDRC, since mid-October, China's average daily coal production…

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Construction steel price today 3/11: Continuing to decline, the price of steel bar returned to 4,293 yuan/ton

Steel prices today fell to 4,293 yuan / ton on the Shanghai Exchange. The decision of the US and the European Union (EU) to replace the Section 232 tax rate on imported steel and aluminum…

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Construction steel price today 2/11: Dropped below 4,500 yuan/ton

Steel prices today fell to 4,466 yuan / ton on the Shanghai Exchange. On Sunday (October 31), the US and the European Union (EU) ended their dispute over steel and aluminum tariffs. Steel prices today…

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The ‘key’ to solving the energy crisis is in the hands of oil drillers?

Tensions in energy markets continue around the world. If drillers do not increase production, fuel prices may not fall from their current highs, or even rise further. Energy markets across the globe suddenly fell into…

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“Coal furnaces” from Asia to Europe cool down quickly

With the United Nations Climate Summit COP26 underway in Glasgow amid dire warnings about the future of the planet, with a focus on Asia burning more and more coal, the market Asian coal continues to…

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European gas prices continue to rise

According to data on the ICE exchange, the price of gas in Europe has increased by 11% amid the fact that the direct injection of gas to Germany via the Yamal-Europe route was stopped and…

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The harsh reality: China is determined to give up coal but must quickly “turn the wheel” because the economy’s electricity consumption demand is too great.

The world's No. 2 economy is so large and still growing so fast that theoretically (let alone political barriers) it is almost impossible for China's leaders to move any faster toward their climate goals. climate…

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Metal prices today 11/1: Aluminum fell to the lowest level in 2 months

Aluminum prices fell to a two-month low in late trade last week as coal prices eased, easing supply concerns in China, where thermal power, coal are key components of the metal's production. . Aluminum prices…

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Gas prices today 1/11: Going down in the first trading of the week

Gas price today dropped to 5.40 USD/mmBTU. Asia's liquefied natural gas (LNG) prices fell for a second straight week, trailing a decline in European wholesale gas prices. World gas prices today. Gas price today (November…

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US, EU end the steel and aluminum tax war under Trump

The US and EU have agreed to end a long-running dispute over steel and aluminum tariffs initiated by former President Donald Trump in 2018. Each transatlantic relationship between Washington and Brussels could now be more…

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Construction steel price today 1/11: Turned down in the first trading of the week

Steel prices today fell to 4,631 yuan / ton on the Shanghai Exchange. The city of Tangshan (China) ordered to limit steel output from October 28 to deal with worsening air quality. Steel prices fell…

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Asian iron ore and steel scrap prices plunge

Giá thép phế liệu nước ngoài chào bán cho khách hàng Việt Nam tuần này đồng loạt giảm mạnh, giá quặng sắt tại Trung Quốc cũng lao dốc do nhu cầu từ ngành thép của…

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Coal prices are in free fall after Beijing exerts force to rein in the market

Coal futures prices in China are constantly falling after the Beijing government signaled that it will continue to control the market to ease the domestic power shortage crisis. On the Zhengzhou Commodity Exchange today (October…

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TransitionZero: The world needs to close nearly 3,000 coal power plants by 2030

TransitionZero says there are more than 2,000 coal-fired capacity in operation worldwide. Almost half of that must be cut. In a report published just days before the United Nations Framework Convention on Climate Change (COP26)…

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Construction steel price today October 29: Increase again, reaching 4,743 yuan/ton

Steel prices today increased to 4,743 yuan / ton on the Shanghai Exchange. In China, the supply of coking coal remains scarce as imports from countries such as Mongolia are affected by the pandemic situation.…

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Iron and steel prices, coal today October 29: Dalian coking coal fell to a 2-month low

China's coking coal futures traded on September 28 fell for a second straight session and plummeted to a near two-month low, as Beijing stepped up measures to cool soaring coal prices. China's National Policymaking Administration, has…

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Metal prices today October 28: Copper, aluminum, and nickel all fell

Copper prices for December delivery, the most traded on the Shanghai Futures Exchange, fell 7.6% to 19,200 CNY/ton. Aluminum prices fell as much as 5% to CNY 20,065/ton, the lowest since August 20. Nickel prices…

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Construction steel price today October 28: Continuing the strong decline on the Shanghai Exchange

Steel prices today fell to 4,568 yuan / ton on the Shanghai Exchange. In China, steel supply is expected to be continuously impacted by energy consumption controls and environmental restrictions. Steel prices today fell sharply…

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World oil prices today, October 28, fell to a two-week low

Oil prices fell sharply on Wednesday morning (October 28), with Brent hitting a two-week low after official data showed an unexpected spike in US crude inventories. Brent crude fell $1.36, or 1.6%, to $83.22 a…

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Russia will “pump” more gas for storage in Europe

Russia will "pump" more gas for storage in Europe Russian President Vladimir Putin ordered the country's energy giant Gazprom to increase the amount of gas entering its storage facilities in Europe "as planned - in…

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Gas and coal production in Australia to drop by 35% by 2050

Australia's gas and coal production will fall by more than 35% by 2050 as global demand for these commodities declines as the world hits carbon neutrality targets, while the value of lithium, nickel and copper…

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Construction steel price today October 27: Dropped below 4,800 yuan/ton

Steel prices today fell to 4,770 yuan / ton on the Shanghai Exchange. The China Iron and Steel Association (CISA) announced it would step up efforts to secure iron ore supplies. Steel prices today maintain…

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The price is 5 times higher than last year, the Australian coal industry makes a lot of money

The price of coal at the port of Newcastle, Australia in September 2020 was $67/ton, but currently, the price is $307/ton. Australia is the world's largest coal exporter in 2020, accounting for 39.5% of the…

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Energy transformation: The world’s long-term “marathon”

The rise in electricity prices in Europe is the result of a hasty energy transition, when policymakers failed to take into account the potential negative consequences. Some economists argue that the recent rise in electricity…

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Minister of Industry and Trade: Stopping coal-fired power in the 2021-2030 period is not feasible

According to Minister Nguyen Hong Dien, coal-fired power is one of the main sources of electricity to meet electricity demand. Therefore, in the period of 2021-2030, it can be affirmed that the desire to completely…

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After coal and gas, the oil market may be entering an era of crisis due to the “double peak” of supply and demand at the wrong time.

The energy transition and the anticipation of peak demand have left oil investors fearful of the possibility that oil production will "peak" sooner than anticipated, accompanied by a price spike. Key climate talks will begin…

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Experts say: Rising gasoline prices will have a strong impact on economic growth

After basically controlling the COVID-19 pandemic, the world economy is facing with commodity prices, input material prices, especially gasoline prices, which are increasing due to the flourishing global economic activities. strongly from the bottom of…

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Construction steel price today 26/10: The downward trend continued, the price of steel bar reached 4,849 yuan/ton

Steel prices today fell to 4,849 yuan / ton on the Shanghai Exchange. In China, concerns about falling steel demand continued to curb the rise in iron ore prices. Steel prices continue to go down…

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Steel market outlook in the last months of the year

Experts forecast that for the rest of 2021, Vietnam's steel product exports show many optimistic signals. The Vietnam Steel Association (VSA) said that in the first nine months of 2021, the production and consumption of…

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Concerned about inflation before the oil price fever?

The world oil price continuously peaked, currently surpassing 86 USD/barrel, leading to domestic gasoline and oil prices. In the coming time, experts are concerned that the higher gasoline prices will put pressure on inflation. In…

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Covid-19 may cause more than $6.6 billion in damage to the wind power market in Vietnam

According to calculations by the Global Wind Energy Council (GWEC), Vietnam will have about 4,000 MW of wind power projects "missing the appointment" for commercial operation (COD). Many "big guys" strongly pour capital into renewable…

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Warning of the risk of power shortage from 2022, the Ministry of Industry and Trade requested to speed up the project construction and import electricity

One of the solutions to ensure electricity supply in 2022 and the following years of the Ministry of Industry and Trade is to review projects that are likely to accelerate construction and operation progress and…

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LME copper inventories hit a 47-year low: Supply is not short, but businesses try to collect goods?

Tight supply, while surging demand is pushing copper prices back near historic highs. However, experts believe that the supply of copper is not actually lacking, but because businesses are panicking. Copper prices climb because LME…

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Construction steel price today October 25: Continuing the downward trend to 4,886 yuan/ton

Steel prices today on the Shanghai Exchange fell to 4,886 yuan / ton. China pledged to deal with unusual behavior that disrupts market order and prevent coal companies from seeking excessive profits. Construction steel prices…

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China ‘suffers’ to get out of power crisis: Plans to import coal from ‘enemy’, ignores climate target to revive old and dirty mines

The world's largest energy consumer faces a huge challenge: overcoming power shortages, limiting price hikes, and keeping climate goals on track. In Ordos, Inner Mongolia (China), drones soar over many congested roads. Meanwhile, police officers…

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Will China’s sudden increase in coal production help cool the energy crisis?

China's coal production suddenly increased sharply in the past week, bringing the country's coal production rate to an all-time high. If China's coal production rate continues at the current rate, it will significantly increase electricity…

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The Ministry of Finance maintains the view of reducing steel import tax to stabilize prices and harmonize benefits with consumers

New preferential import tariff for 3 groups of construction steel products, including reinforced concrete; Angle, mold, profile and flat rolled non-alloy steel can be reduced by 5-10%. The Ministry of Finance has just completed a…

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Market on October 23: Coal prices fell sharply, causing copper, iron and steel to cool down; Oil, gold, gas prices rise

Commodity prices of all kinds, from oil, coal, iron and steel to agricultural products, continued to plunge at the end of the last session of the week, Friday, October 22, in a correcting trend after…

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Metal prices today 10/22: Aluminum fell to the lowest level in more than a month

Aluminum prices in Shanghai on October 22 fell to their lowest in more than a month as a cooling coal price in China eased concerns about a shortage of this metal. Aluminum for November delivery…

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Coal price today 10/22: Coal price slips when there are signs of government intervention

China's thermal coal price fell 11%, continuing the downward trend from Tuesday (October 19) because Beijing signaled intervention to cool down prices. China's thermal coal price on October 22 fell to 1,587.4 CNY (equivalent to…

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How does Vietnamese steel benefit when China cuts production output?

To meet the environmental target, China must reduce steel production by about 15% in the fourth quarter of this year compared to the same period in 2020. According to ACB Securities Company (ACBS)'s Q3 Basic…

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Revealing the key to solving severe bottlenecks in supply chains

According to Reuters, removing bottlenecks at US ports is an effective way to overcome supply chain weaknesses. According to rankings by the World Bank and IHS Markit, the ports of Los Angeles and Long Beach…

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Construction steel price today 10/22: Bar steel price dropped sharply, below the 5,000 yuan/ton mark

Photo: Alibaba Also on Wednesday, the Securities and Exchange Commission said it would require futures exchanges to take a variety of measures, including raising fees and limiting trading limits, in response to rising coal prices.…

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China maximizes coal production, bans mines to close: Will the promise to pursue clean energy come true?

The Chinese government has asked coal mines to produce "as much as possible" to increase output as winter approaches and alleviate the ongoing energy crisis. The announcement by China's National Development and Reform Commission (NDRC)…

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Metal prices increase hot: Flash or will increase sustainably?

Demand for essential metals such as copper and aluminum both spiked while supply took years to balance demand. Therefore, metal prices are not expected to cool down anytime soon. METAL PRICES INCREASE HOT: SUSTAINABLE GROWTH…

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China: Major coal miners pledge not to raise prices

Some of China's major coal producers have pledged not to raise coal prices this winter and next spring, after the government asked state-backed companies to secure electricity supplies. and stable coal "despite the cost". China's…

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Market on October 21: The price of oil, gold, copper, iron and steel … increased sharply, but coal fell

Commodity market for raw materials ended the session on October 20 with the recovery of oil prices and a strong increase in gold; industrial metals such as copper, steel rose Oil recovers as US inventories…

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Metal prices increase hot: Flash or will increase sustainably?

Demand for essential metals such as copper and aluminum both spiked while supply took years to balance demand. Therefore, metal prices are not expected to cool down anytime soon. METAL PRICES INCREASE HOT: SUSTAINABLE GROWTH…

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Does China’s intervention in the coal market really cool down global commodity prices?

China's commodity market plunged on October 20, led by thermal coal prices, after China's state policymaking agency announced it was considering intervention to cool coal prices. The coal market is repeating the same story as…

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Construction steel price today October 21: Continuing the downward trend, recorded at 5,365 yuan / ton

Steel prices today fell to 5,365 yuan / ton on the Shanghai Exchange. The downside risk to iron ore is growing amid a decline in China's steel output and construction numbers. Steel prices continue to…

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Former Australian prime minister: Clean coal is a scam

According to former Australian Prime Minister Malcolm Turnbull, the concept of "clean coal" is a scam. Speaking to CNBC on Tuesday as part of the Sustainable Futures Forum, former Australian Prime Minister Turnbull said the…

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Gas prices today 10/20: Natural gas prices increase again due to reduced inventories

Gas prices today, natural gas prices in this morning session increased again after yesterday's decline supported by weather outlook and reduced inventories. World gas price today Gas price today (October 20) increased by nearly 1%…

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Four scenarios for the global energy crisis

Since the end of August until now, the global energy shortage has become more and more serious, causing price inflation in the international energy market. This has caused a global "domino effect" such as shortages…

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Ho Chi Minh City will invite investment to build three logistics centers

According to the plan, in 2021, Ho Chi Minh City will complete the bidding to call for investment in the Logistics Center of the Hi-Tech Park. By 2023, complete preparation for investment in Cat Lai…

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Steel industry has a trade deficit of more than 700 million USD

According to VSA's statistics, accumulated in 8 months, Vietnam's steel exports reached 7 billion USD while the import of finished steel to Vietnam was equivalent to more than 7.7 billion USD. Thus, the steel industry…

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Construction steel price today October 20: Maintaining the downward momentum on the Shanghai Exchange

Steel prices today fell to 5,373 yuan / ton on the Shanghai Exchange. On Tuesday (October 19), iron ore futures on China's Dalian Commodity Exchange (DCE) recovered after four consecutive declines. Steel prices continue to…

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Coal price increased by 9% in one day, the energy crisis is getting worse

Coal prices in China rose about 9% on October 18, hitting a new record high as supplies remain tight despite Beijing's increased efforts to boost output. the price of coking coal for the term of…

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Market on October 19: Oil and gas prices fell from record highs, gold, iron and steel fell together

Commodity prices for raw materials fell at the close of the session on October 18 due to weak September economic data in both the US and China - evidence that the crises are having a…

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Construction steel price today October 19: Slight decrease, bar steel price reached 5,421 yuan/ton

Steel prices today fell to 5,421 yuan / ton on the Shanghai Exchange. Statistical data show that China's daily crude steel output in September 2021 fell to the lowest level since December 2018. Steel prices…

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Asia’s coal mining frenzy doesn’t mean the energy crisis will end

China, India, Indonesia all increase coal mining in the end of the year, but the shortage of energy will continue this winter. The production crisis in Asia's "coal bowls" such as China and India is…

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Metal prices today October 18: Zinc prices soar due to rising electricity prices

Zinc for November delivery traded on the Shanghai Futures Exchange rose 8% to 27,720 CNY. Three-month zinc on the London Exchange rose 1.1% to $3,835 a tonne, after gaining a record 20.4% last week. Zinc…

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TKV opens a bidding package to import more than 1,000 billion dong of coal when the world is in an energy rush

The global energy crisis originated in Europe and spread to Asia. Recently, Vietnam Coal and Mineral Industries Group (TKV) opened a bidding package to import coal with a value of more than 1,000 billion VND…

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Demand recovers strongly, oil price rises to 85 USD/barrel and the possibility of ‘hit his back with his stick’

While demand and crude oil prices are both in boom times, the wide-ranging energy crisis could have a knock-on effect on the oil market. Explosive demand The global energy crisis is spreading to the oil…

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The metal market is “hot” in the middle of the storm season with record high copper, aluminum and zinc prices

Metals have become the "victims" most affected by the energy crisis when half of the base metals, including copper, aluminum and zinc surged in price while the other half also escaped. price range The wave…

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The world suffers the ‘revenge of the old economy’ for rushing after new energy

Goldman Sachs experts believe that the shift of investment capital from fossil fuels to renewable energy is the main cause of the global energy crisis. Fossil fuel prices are so high globally that some commodity…

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Construction steel price today 15/10: Continue to go up on the Shanghai floor

Steel prices today increased to 4,983 yuan / ton on the Shanghai Exchange. China has asked steel mills in many northern cities to cut output from November 15, 2021 to March 15, 2022. Steel price…

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Asian iron ore prices hit 2-week low as China tightens steel production

Asian iron ore prices, after a sharp downward correction in the third quarter, are expected to continue to face downward pressure due to China's policy of restricting steel output and power shortages in the fourth…

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Coal stocks surged: Many investors made big money

If calculated from the beginning of 2021 until now, NBC shares of Nui Beo Coal have "flipped" from the price of 6,400 VND to 27,000 VND. While investors are still engrossed in the wave of…

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Asia is frantically “hunting” for excess fuel oil from Europe

Over the past month or so, the flow of fuel tankers from Europe to Asia has increased sharply. Asia is looking to more fuel oil sources from Europe to cope with the energy crisis, according…

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China: More steel mills have to reduce output in winter

China recently asked more steel mills in the North of the country to cut output between November 15, 2021 and March 15, 2022 to ensure that the target of reducing steel output is met to…

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Metal prices today October 14: Zinc rose 5% due to energy crisis

• Aluminum prices hit highest level since July 2008 • Nyrstar cuts production by up to half at zinc smelters in EuropeZinc and aluminum prices hit new highs in the session on October 14 as…

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Oil price exceeds 80 USD, how will the commodity market rotate?

Metals will be hardest hit when oil prices rise, partly because fuel accounts for 50% of metal production costs, and partly because countries will find new weighing solutions, which require a lot of metals to…

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President of DP World: Global shipping congestion has no end

Sultan Ahmed bin Sulayem, chairman of logistics giant DP World of the United Arab Emirates (UAE) based in Dubai, said there was a shortage of shipping containers, port congestion and freight rates. The sky-high, which…

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Construction steel price today October 14: Steel bar price increased slightly, reaching 5,481 yuan/ton

Steel prices today increased to 5,481 yuan / ton on the Shanghai Exchange. In China, the indebtedness of real estate companies and a decline in the overall demand outlook have dragged down the price of…

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China’s power shortage crisis will affect industries around the world

China's reliance on electricity leaves the world vulnerable to inflationary pressures. Beijing has found the villain thwarting efforts to rein in energy prices: inefficient, energy-hungry industries. Flooding in major coal-producing province Shanxi has pushed prices…

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Coal prices in China increase

China's thermal coal prices surged to a new record high on Wednesday, as recent flooding in the key coal-producing province exacerbated supply shortages, as well as efforts to Beijing's renewed push to liberalize electricity prices…

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Aluminum price rose to the highest level in 13 years, why are investors still shouting to buy despite?

Aluminum prices are up 50% in 2021, to more than $3,000/ton, but investors believe the price could exceed $4,000 because of severe power shortages in China and Europe right now. Aluminum prices are up 50%…

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Construction steel price today 13/10: Falling sharply, bar steel price dropped below 5,400 yuan/ton

Steel prices today fell to 5,375 yuan / ton on the Shanghai Exchange. China's plan to limit flat steel output this year seems feasible, as it has been accelerated by power shortages. Steel prices today…

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The 20th century is the age of oil, and this will be the “fuel king” of the 21st century!

Switching to an alternative fuel to gas is a much more difficult challenge than not using gasoline. Recently, gas prices have skyrocketed. One of the reasons for this phenomenon is that gas is the easiest…

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Russia became a “bright star”, Putin sat quietly and profited while the world was in turmoil because of the energy crisis

In the context of the world's energy crisis, Russia is emerging as a bright star in the eyes of investors thanks to its position as an oil and gas powerhouse, and also has a fairly…

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China liberalizes thermal power prices to solve energy crisis

China liberalizes thermal power prices to solve energy crisis China's National Development and Reform Commission (NDRC) - the country's policy-making body - announced on October 12 that it will completely liberalize the price of electricity…

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3 crises at the same time caused the production chain to come to a standstill, no one knows when this situation will be overcome

The chip, energy and shipping crisis has created the current scene of chaos in global manufacturing and supply chains. The bad news for global consumers is that problems with the world's supply chains are more…

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Construction steel price today 12/10: Ending the uptrend, the price of steel bar fell to 5,725 yuan/ton

Steel prices today fell to 5,725 yuan / ton on the Shanghai Exchange. Imports are being seen as a serious threat to the European steel market during this period. Steel prices today turned around to…

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Metal prices today 12/10: Nickel hits the highest level in more than 2 weeks

- Nickel for three-month delivery on the London Exchange rose 1.2% to $19,445/ton - The price of nickel for November delivery on the Shanghai Exchange increased to $22,813.20/ton - Aluminum prices increased 1.5% to 3,010 USD/ton,…

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Market on October 12: Oil prices continue to soar, gold falls, aluminum highest in 13 years

At the end of trading session on October 11, oil prices continued to rise to multi-year highs, coal also increased by the global energy shortage, aluminum rose to a 13-year high. Oil continues to hit…

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Oil price’s uptrend has not stopped, WTI oil surpasses 80 USD

Oil prices continued to extend their multi-week rally amid constrained supply by major producers and growing fuel demand as economies struggled to recover from the Covid-19 pandemic. -19. Brent crude oil price on the morning…

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Construction steel price today 11/10: Bar steel price continues to go up on Shanghai floor

Steel prices today increased to 5,783 yuan / ton on the Shanghai Exchange. Asian iron ore prices will continue to face downward pressure due to limited Chinese steel production and power shortages in the fourth…

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How will oil prices behave after reaching multi-year highs?

Oil is often the "king" of the energy market, leading other commodities to follow suit. Over the past few weeks, however, oil has been overtaken by natural gas, an energy that for decades has been…

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Energy crisis covers the world – The consequences can last for many years

The global energy industry is in a difficult situation as some provinces in China have to restrict electricity use, Europeans pay sky-high prices for liquefied natural gas, power plants in India. coal is about to…

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Roots of energy crisis in China, Europe

Covid-19 caused chaos in the supply chain, but it is governments' somewhat drastic policies to reduce carbon emissions that have caused the current crisis. While the world economy was struggling to grow again after the…

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Russian officials commented on energy supplies to Europe

Electricity prices in Europe (EU) have doubled since the start of this year, while natural gas prices have increased by nearly 800%, raising concerns that rising prices could destabilize the region's economy. . Recently, Russia…

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Giá quặng sắt cao nhất một tháng trong ngày giao dịch đầu tiên sau tuần nghỉ lễ ở Trung Quốc

China's iron ore prices rose to a one-month high on Tuesday, amid optimism about the outlook for demand for the raw material in the world's top steel producer. Power shortages in China have raised concerns…

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China asks coal mines to increase output

Chinese authorities have ordered more than 70 mines in Inner Mongolia to increase coal production by nearly 100 million tons, as the country faces its worst coal shortage and electricity shortage in years. The move…

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Europe is becoming a ‘hostage’ of the Russian gas giant

After Russia proposed to increase gas supplies to the European region, experts warn that the old continent is now heavily dependent on Russian energy sources, as the US has warned before. The price of natural…

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Supply crisis and congested transportation forced Walmart to hire its own ship to carry goods – the retail industry is at risk of “breaking up” in the right shopping season

An unprecedented phenomenon, dozens of container ships are stranded at US West Coast ports. The US retail giants are having to charter their own ships amid a tight supply of goods, as companies have to…

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Construction steel price today 8/10: Continuing upward momentum, reaching 5,742 yuan/ton

Steel prices today increased to 5,742 yuan / ton on the Shanghai Exchange. The outlook for iron ore prices has deteriorated as China cuts steel output and ramps up decarbonisation. Steel prices continue to increase…

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World oil price today 8/10 increased

Oil prices rose in the morning session on October 8, due to signs that some industries have begun to switch fuel from high-priced gas to oil. The price of US crude oil (WTI) rose 84…

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Philippines stops investigating 3 global self-defense cases with steel products

The Philippine Department of Trade and Industry (DTI) recently announced that it would stop investigating three global safeguard cases against some steel products imported from countries, including Vietnam. The Department of Trade Remedies (Ministry of…

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Baltic sea freight rates hit a 13-year record high, surpassing 10,000 points

The Baltic Sea Freight Index extended its gains above 10,000 on strong demand and congestion at seaports. This is the highest level in the past 13 years. The overall ocean freight index, which measures charter…

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Gas prices today 7/10: Natural gas prices fell again due to weak demand

Gas prices today, natural gas prices in the morning session fell again after yesterday's increase due to low demand in the market. World gas price today Gas price today (October 7th) decreased by nearly 1% to…

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Coal reserves are sometimes only enough for 4 days, India can recreate China’s power shortage crisis

India's coal supply is increasingly squeezed, risking a power shortage shock similar to the one that is weighing on the Chinese economy right now. At the end of September, coal reserves of power plants in…

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EU calls for consumer support during European energy crisis

According to the website "European News" (euronews.com), the European Commission (EC), on October 6, urged the member states of the European Union (EU) to disburse support funds for consumers affected by rising gas and electricity…

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The energy crisis forced China to release the Australian coal stuck in the bonded warehouse

China is releasing Australian coal from bonded warehouses, although it is still banning coal imports from the supplier - an unofficial ban that has lasted for nearly a year - in an effort to ease…

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Construction steel price today 6/10: Bar steel traded at 5,706 yuan/ton THAO VY10:13 October 6, 2021

Steel prices today increased to 5,706 yuan / ton on the Shanghai Exchange. According to MEPS, stainless steel purchases in Europe were weaker than expected in September. Steel price today reached 5,706 yuan/ton Steel price…

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Beijing urges banks to inject capital for coal industry enterprises

Beijing has ordered commercial banks to increase funding for coal and energy businesses to ease the power shortage crisis and secure supplies next winter. In a new statement, China's Banking and Insurance Regulatory Commission called…

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China struggles due to lack of electricity, will Vietnam’s raw material supply chain be interrupted?

Power shortages in China have forced factories to cut output, posing new risks to the global supply chain, which has already been plagued by difficulties due to the impact of the COVID-19 epidemic. In Vietnam,…

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Although the shipping route is long and expensive, China still manages to collect coal

Although the shipping route is long and expensive, China still manages to collect coal The global energy crisis is reshaping the trade routes of coal, a fuel many see as in decline. Recently, Zhejiang province…

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Construction steel price today 5/10: Bar steel price reached 5,706 yuan/ton

Steel prices today increased to 5,706 yuan / ton on the Shanghai Exchange. India Research and Evaluation (Ind-Ra) has maintained a stable outlook for the domestic steel sector for the second half of FY 2022.…

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India increasingly short of coal, inventories down to ‘extremely low’

As of September 29, 16 of India's 135 coal power plants had no coal reserves, according to the Central Electricity Authority. More than half of factories have stock for less than 3 days, while more…

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Learn about the rules of origin in the CPTPP Agreement

To solve the "pasta bowl" status of the rules of origin in previous FTAs ​​that are causing difficulties for businesses in the region, promote regional supply chains and ensure that CPTPP countries will be the…

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What helped the trade surplus return, cutting off the chain of trade deficits in a row for 5 months?

In September, export turnover of goods reached 27 billion USD, while imports reached 26.5 billion USD. Thus, after 5 consecutive months of trade deficit, the trade balance has returned to the "position" of trade surplus…

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Scrap steel prices continue to soar thanks to China

Scrap steel prices are on the rise in the context that China needs more supply to improve air quality and control steel output in 2021. According to S&P Global Platts, China's imported scrap steel price…

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Coal prices have peaked?

The price of high-quality thermal coal has increased sharply in the past half year. However, the largest coal producer in the Philippines predicts coal prices have reached a threshold and will gradually decrease. According to…

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Why is China still struggling with the problem of lack of electricity for many years?

This year is not the first time China has experienced widespread power shortages and put the economy and supply chains at great risk. So, why is China still struggling with this problem for many years?…

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Construction steel price today 4/10: Maintaining upward momentum on Shanghai Exchange

Steel prices today increased to 5,706 yuan / ton on the Shanghai Exchange. Given adverse fluctuations in iron ore prices, product discounts and freight rates, Mount Gibson Iron Limited will be suspending operations in stages…

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China is about to release 150,000 tons of copper, aluminum and zinc from national reserves

Vietstock - China is about to release 150,000 tons of copper, aluminum and zinc from national reserve China announced plans to release 150,000 tons of copper, aluminum and zinc from national reserves to ensure price…

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Up 400% since the beginning of the year, gas prices in Europe hit unbelievable milestones

The price of gas delivered in November on the Dutch TTF exchange on October 2 was at 97.7 euros/mwh (equivalent to 113.3 USD/mwh), an increase of about 400% since the beginning of the year and…

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After the third quarter of heavy loss, should we continue to invest in iron ore?

Iron ore prices ended the third quarter at a three-week high. However, in September, the price of this mineral fell for the third consecutive month. The third quarter marked a sad milestone when prices fell…

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Why is the ‘specialty’ of lack of electricity causing China to fall into crisis?

China is in an all-electric crisis because there is not enough energy for production and business activities and everything happens in just 6 steps. According to Foreign Policy, China "is going through a difficult time…

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India increasingly short of coal, inventories down to ‘extremely low’

As of September 29, 16 of India's 135 coal power plants had no coal reserves, according to the Central Electricity Authority. More than half of factories have stock for less than 3 days, while more…

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After the third quarter of heavy loss, should we continue to invest in iron ore?

Iron ore prices ended the third quarter at a three-week high. However, in September, the price of this mineral fell for the third consecutive month. The third quarter marked a sad milestone when prices fell…

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Metal prices today 1/10: Copper fell due to the strengthening of the dollar

- Copper price for delivery in 3 months fell 0.4% to 8,903 USD/ton - The price of lead traded on the London exchange increased 0.4% to $2,101/ton - Aluminium price fell 0.1% to $2,855/ton - Nickel prices fell…

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Severe power shortage, China orders energy companies to hoard supplies at all costs

Senior officials in Beijing have ordered state-owned energy companies to ensure winter supplies at all costs. Senior leaders give instructions According to sources familiar with  Bloomberg, senior officials in the capital Beijing have ordered a…

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China’s metal industry had to cut output because of power shortages

China's huge manufacturing industry is being hit hard by power shortages. From steel and cement factories to dyeing factories, they are having to reduce capacity or temporarily suspend operations under the country's order to limit…

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Construction steel price today 1/10: Increases beyond 5,700 yuan/ton

Steel prices today increased to 5,706 yuan / ton on the Shanghai Exchange. Currently, China's steelmaking industry is facing disruption due to the widespread power crisis. Steel prices today increased again Steel prices today January 2022…

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Market on October 1: Oil prices stop rising, gold and iron ore rise sharply, copper falls

Oil prices changed little in Thursday's trading session (September 30), while gold and iron ore rallied strongly due to a weak dollar and an iron ore mine incident. Only copper fell due to concerns about…

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China’s metal consumers hit hard as supply is tight

Output restrictions tied to winter emissions limits are nothing new for China's steel and aluminum producers. However, many metal producers have been ordered to cut operations to conserve energy throughout the summer, resulting in lower…

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China’s metal industry suffers heavy losses due to lack of electricity

Output regulations tied to winter emissions limits are nothing new for China's steel and aluminum producers. However, this year, the prolonged power shortage throughout the summer due to low coal supply and strong demand has…

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Construction steel price today 30/9: Suddenly fell back on Shanghai Exchange

Steel prices today fell to 5,590 yuan / ton on the Shanghai Exchange. In China, stainless steel futures prices continued to decline amid a decline in demand for the metal. Steel prices today fell Steel…

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China’s metal consumers hit hard as supply is tight

Output restrictions tied to winter emissions caps are nothing new for China's steel and aluminum producers. However, many metal producers have been ordered to cut operations to reduce production costs. saving energy throughout the summer…

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[Infographic] Overview of Vietnam’s economy in the first 9 months of the year: Many macro indicators were dragged down by COVID-19

The COVID-19 epidemic, social distancing in many localities has dragged down many Vietnamese economic indicators in the third quarter. For the first time, quarterly GDP recorded negative growth, with a trade deficit of more than…

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Iron and steel products imported from China in 8 months of 2021 increased by 51%

In the first 8 months of 2021, the import turnover of iron and steel products reached nearly 3.45 billion USD, up 27.4% over the same period in 2020. According to calculations from preliminary statistics of…

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Import market of iron and steel scrap in the first 8 months of the year

In the first 8 months of 2021, imports of iron and steel scrap reached 4.53 million tons, equivalent to 1.95 billion USD According to statistics of the General Department of Customs, in August 2021, the…

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India’s coal imports reached 132.3 million tons in September 2021

India, the world's second largest coal importer after China, is expected to import about 13.3 million tonnes of coal in September 2021. India, the world's second-largest coal importer after China, is forecast by Kpler to…

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Coking coal prices jump amid declining supply

The price of coking coal on the Dalian Commodity Exchange on September 28 increased by 4.4% to 2,972 CNY - Thermal coal futures on the Zhengzhou Commodity Exchange rose 5.3% to CNY 1,297/ton - Coke…

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These are the reasons why oil prices will not just stop at 80 USD/barrel

The spike in gas prices led investors to bet that crude oil would benefit as an alternative. North Sea crude oil price has surpassed the 80 USD/barrel mark due to many signs that demand is…

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Not “debt bomb” Evergrande, there is another crisis, originating in Europe and about to spread globally: the invisible “enemy”

This winter, the world will have to fight something invisible but has become indispensable in modern life. Countries are relying more than ever on natural gas to heat their homes or fuel their electricity industry,…

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Metal prices on September 28: Tin, copper and nickel all fell

On the London exchange, tin price fell the most, losing 4.2% to $35,000/ton On the Shanghai exchange, tin for November delivery fell 4.5% to CNY 269,450 Copper price fell 0.2% to $9,346/ton, · Nickel price…

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Metal prices on September 27: Copper prices rise, hitting 12-year lows

Copper prices rose on September 27, and the amount of copper in China's exchange reserves fell to the lowest level in more than 12 years. Nickel prices fell 1% to $19,200 a tonne and zinc…

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Construction steel price today September 27: Steel bar traded at 5,538 yuan/ton

Steel prices today increased to 5,538 yuan / ton on the Shanghai Exchange. Ukraine's metal companies are already beginning to feel the impact of rising natural gas prices on their production costs. Steel prices increased…

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Iron and steel imports in the first 8 months of 2021 decreased in volume but increased in value

In the first 8 months of 2021, imports of iron and steel of all kinds to Vietnam reached over 8.87 million tons, equivalent to over 7.73 billion USD, the average price was 871 USD/ton, down…

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China’s paradox: Banks don’t stop throwing money at coal power plants while the government aims to be carbon neutral

In 2020, China will put into operation coal-fired power plants with a total capacity of 38.4 GW, three times higher than the 11.9 GW capacity of the whole world. The Chinese government and national power…

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Coking coal price skyrocketed to 410 USD/ton, 3 times since the beginning of 2020

Coking coal prices have surged to record levels as trade tensions and border issues push costs to Chinese importers sky-high. Coking coal spiked despite a slump in iron ore prices following China's import ban on…

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Fitch Solutions: Nickel prices will stay low for the next 2 quarters after hitting a 7-year high

Nickel price session on September 10 on the London exchange, the UK at one point touched 20,705 USD/ton, the highest since May 2014. Fitch Solutions predicts nickel prices will fall later this year and in…

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Prices of iron, steel and coal on September 24 simultaneously increased

- Iron ore price on September 24th increased by 3.9% to CNY 667/ton - Shanghai bar steel price increased by 1.3% while hot rolled coil decreased by 0.8%. - The price of coking coal for January 2022…

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Iron and steel exports to the EU in July increased by more than 3,000% over the same period

The items with the highest export turnover to the EU in July include phones and components, computers, electronic products, shoes of all kinds, etc. In which, iron and steel exports continued. strong breakthrough increased by…

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Vietnam’s coal power received $5.6 billion in funding from China, among the top 8 countries

In the list of 8 countries receiving the most Chinese investment capital in the coal power industry, Vietnam ranked 4th with a total capital of 5.6 billion USD. At the United Nations General Assembly in…

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Evergrande debt bomb affects Vietnam’s steel industry?

Before the news that China's leading real estate company Evergrande was at risk of default, many metal products had a rapid price adjustment. Therefore, the question is how will this event affect the steel industry…

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Aluminum prices hit a 13-year high

Aluminum prices are at a 13-year high as China, the world's largest base metal producer, aims to reduce carbon emissions. In addition, the country is facing power shortages, high freight costs impacting aluminum prices. Aluminum…

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Construction steel price today September 23: Continuing upward momentum, surpassing 5,600 yuan/ton

Steel prices today increased to 5,651 yuan / ton on the Shanghai Exchange. Iron ore futures in Asia rebounded with the benchmark contract on the Dalian Exchange rising from a 10-month low. Steel prices today…

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Metal prices on September 23: Copper increases, Evergrande gradually overcomes the consequences

Three-month copper futures on the London Metal Exchange rose 3.9% to $9,322 a tonne, reversing the decline in the previous session. Evergrande agreed to pay interest on a domestic bond on September 23. Copper prices…

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Market on September 23: Copper price increased by nearly 4%, oil and other commodities simultaneously climbed

Ending the session on September 22, oil prices increased as US inventories fell to a 3-year low, gold fell, copper increased by nearly 4%, iron ore also increased from a 10-month low. Oil rises as…

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Import of iron and steel scrap in August decreased by 45%

In August, imports of iron and steel scrap recorded a 45% decrease in volume and value compared to July but prices remained at the highest level in the first 8 months of the year. By…

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Construction steel price today September 22: Rising again, bar steel price reached 5,537 yuan/ton

Steel prices today increased to 5,537 yuan / ton on the Shanghai Exchange. In Iran, iron ore concentrate production in the first five months of the current year increased by 4% compared to the same…

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Iron ore supply has improved in recent months

Prices of steelmaking materials are now down 57.4% from a record high of $235.55 a tonne reached on May 12. The world supply of iron ore has gradually improved in recent months, after an earlier…

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The global metal market was shaken by the “debt bomb” Evergrande

The world market is experiencing a "shock" due to Evergrande. Not only the stock market plunged, the USD soared, but the price of raw materials also fluctuated strongly. Why can Evergrande be so influential? Back…

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Construction steel price today 9/21: Recorded at 5,478 yuan/ton on Shanghai Exchange

GSteel prices today fell to 5,478 yuan / ton on the Shanghai Exchange. The main factor behind the decline in iron ore prices is that China is advocating to cut steel production in the second…

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August: Import and export are still higher than average in the first months of the year

Along with the situation that the COVID-19 epidemic has been gradually controlled, import and export activities have shown signs of recovery, especially in the northern key economic region. According to the General Department of Customs,…

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World coal prices soar

The European Thermal Coal Price Index remained above $170 per tonne, supported by liquefied natural gas (LNG) prices that have re-established highs amid tight inventories at EU LNG storage facilities. As LNG gas prices in…

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Construction steel price today September 20: A sharp drop in the first trading of the week

Steel prices today fell to 5,478 yuan / ton on the Shanghai Exchange. China's steel production cuts reached a rapid pace in September and are expected to widen further in the coming weeks. Steel prices…

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Steel market in August: Steel demand is expected to slow down to balance with rising prices

Steel demand is forecast to decline and will eventually balance itself out to the unusual rise in prices. However, this will be a slow correction rather than a sharp decline. According to World Steel Association…

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Consumption of construction steel “to the bottom”

According to a report from the Vietnam Steel Association (VSA), in August 2021, the consumption of many steel products decreased due to difficulties from COVID-19, construction activities were delayed. Specifically, finished steel production reached 2.35…

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Imported iron ore and mineral prices in August were twice as high as in the same period last year

While the world ore price tends to cool down, the price of iron ore and minerals imported to Vietnam in August still increased slightly, reaching $173/ton, the highest level in the first 8 months of…

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Construction steel price today September 17: The price of bar steel fell to 5,534 yuan/ton

Steel prices today fell to 5,534 yuan / ton on the Shanghai Exchange. China Steel Corp announced it will raise domestic delivery prices by 1.32% next month and next quarter to reflect rising production costs.…

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Maersk: There is no sign that ocean freight will cool down this year

Recently, the Danish shipping giant A.P. Moller-Maersk said that the freight rate fever has not shown any signs of cooling down this year. Global trade volume is expected to grow by 7-8% in 2021. According…

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World supply is scarce, coal exports increase sharply in August

The sharp increase in world coal demand while the decrease in supply from Indonesia also has a positive impact on Vietnam's coal exports. Specifically, in August, coal exports reached nearly 190 thousand tons, worth 22…

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How long will the metal price fever last?

Moody's has just released a detailed report on the medium-term price outlook of commodities: iron ore, steel, coal, aluminum, gold, silver, nickel, copper and zinc, with the content that the outlook for the mining and…

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Coal exports to Indonesia increased by more than 60 times, the Ministry of Industry and Trade requested to tighten, giving priority to domestic consumption

Accumulated in 7 months, coal exports to Indonesia reached 236 thousand tons, up 68 times in volume over the same period in 2020. Faced with this situation, the Ministry of Industry and Trade requested to…

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China – India stir the market, coal price is about to break all-time high

Although coal is a less-loved commodity because of its high carbon footprint, Asia's two largest economies, China and India, are still dependent on this fossil fuel. As a result, coal prices have had a spectacular…

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Hot rolled coil price in the US increased 4 times in just one year

Hot rolled coil price has dropped to $ 485 / ton, the lowest level in many years in August 2020, causing US mills to reduce capacity. However, by September 2021, the price of hot rolled…

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China’s crude steel output fell for the third consecutive month

In August, China's crude steel output fell for the third consecutive month as Beijing continued to ask enterprises to limit production to reduce carbon emissions and power consumption. Crude steel output fell for the third…

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The Economist: When transport costs do not decrease, ships run out of seats, how are businesses forced to change direction?

Will prolonged congestion change global trade patterns? A jam is not just a point anymore Rarely in any other year has the container shipping business become as "dramatic" as this year: From the story of…

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Not following the global trend, coal-fired power is in trouble

Raising capital for coal-fired power projects from public and private financial institutions has become increasingly difficult, and this trend is expected to continue to increase in the coming time. According to the new draft of…

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The world’s largest container ship is about to enter the Suez Canal, the whole world is afraid of the “catastrophe” Ever Given reappears

Ever Ace - the world's largest container ship of the next generation of Ever Given with the same length but slightly greater width and depth Ever Ace, the world's largest container ship, docked at Felixstowe…

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China’s iron ore prices fall to the lowest level in more than 9 months

China's iron ore prices hit a nine-month low on Thursday as the top producer's steel output continued to decline, raising concerns about raw material demand. Data from the National Bureau of Statistics showed that China's…

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Metal prices on September 15: Copper rose as pressure on consumer prices in the US fell

Copper prices in London rose on September 15 as consumer price growth slowed in the US, easing pressure on an early policy cut. On the London Exchange, three-month copper futures rose 0.1% to $9,446.50 a…

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Tokyo Steel will keep steel prices stable in October

Tokyo Steel Manufacturing Co., Ltd., Japan's leading electric arc furnace steelmaker, said it will keep steel product prices stable in October to ensure steel price hikes are realized in the coming weeks. upcoming month. Tokyo…

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Commodity market is hot again

After the summer break, prices of commodities related to fields such as construction, manufacturing, lighting, etc. have all increased sharply. Markets ranging from aluminum to steel all saw strong rebounds, while gas and electricity prices…

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World coal prices soar

South African coal price has increased to 154 USD/ton. The main factor supporting prices remains the problem of supplying raw materials via the railway, linking the coal-producing provinces of South Africa and the troubled port…

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World oil prices today increased on September 15 due to a positive demand outlook

Oil prices rose on Wednesday morning after industry data showed crude inventories in the US fell while demand recovered. Brent crude rose 39 US cents, or 0.5%, to $73.99 a barrel, while US crude (WTI)…

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