HONG KONG/MELBOURNE Rising aluminum prices are enticing smelters in top producer China to restart output, a decision that may snuff out the metal's rally from record lows and stoke global trade tensions.
HONG KONG China may be about to shock the global copper market by unleashing some of its stockpiles of the metal, which are near record highs, onto the global market.
HONG KONG, April 7 Hundred of thousands of
small- and medium-sized factories in China may use a spot
commodity platform that Hong Kong Exchanges and Clearing is
considering building, said the head of one of the biggest metals
merchants in Hong Kong.
HONG KONG Chinese copper importers and investors are starting to hedge currency risk following a sharp spike in the volatility of the yuan, cutting already thin margins for traders and arbitrage players.
HONG KONG China's copper industry is urging the government to allow the blending of raw material copper concentrate imports when they land at the country's ports, which will allow for cheaper though toxic supply to arrive.
HONG KONG/BEIJING China's plans to set up funds to manage coal and steel capacity closures and stockpiling schemes offer nervous markets some clarity on the likely future make-up of the country's sprawling and predominantly state-run metals and mining industries.
HONG KONG, Jan 21 Some large refined zinc
producers in China plan to regularly exchange information on
their imports of concentrate to ensure they receive reasonable
treatment charges, sources at two smelters said on Thursday.
HONG KONG Six large Chinese aluminum producers in China are considering forming a joint venture company that will handle primary aluminum stockpiling, a report by state-backed research firm Antaike said on Tuesday.
HONG KONG/SHANGHAI Chinese commodity funds see further falls in metal prices in 2016, but are eyeing potential buying opportunities in agricultural products and oil as beaten-down prices near the bottom of the cycle, fund sources said.
HONG KONG, Jan 6 China's state stockpiling
agency is expected to start buying up domestic copper supply
this month after local smelters urged it to intervene in order
to support prices, industry sources said.