The purchasing power of Chinese buyers is amazing! Iron ore jumped 10% to a record $226 as demand only grew Iron-ore futures leaped higher as trading opened on Monday, extending a record run amid rampant Chinese demand and a wider surge in commodity prices as the global economy recovers. Futures in Singapore jumped more than …
Norilsk Nickel expects the Nickel market to expand its surplus by 9 per cent in 2021 as Indonesian Nickel pig iron (NPI) production outstrips demand. The surplus of nickel will increase from 87,000 tonnes in 2020 to 95,000 tonnes in 2021, Russian nickel miners said yesterday at the annual conference of the Association of Recycling …
Nickel market to expand its surplus by 9 percent in 2021 Read More »
BREAKING NEWS: China Cancels Steel Export Tax Rebates Beijing has decided to remove the export tax rebates on 146 kinds of steel products commencing May 1, according to an April 28 joint announcement from China’s Ministry of Finance and State Taxation Administration. After the long wait and market speculation, China’s governing bodies have finally announced …
The crazy stone Iron ore futures break 1100 Yuan, is there room for upside? Iron ore has become a “crazy stone”, the main domestic contract broke through the 1100 Yuan mark, and is still going up.As of April 20, the main contract price of iron ore futures in Dalian Commodity Exchange broke through 1100 Yuan/ton. …
Bosch Rexroth won the 2021 Hermes Industrial Technology Innovation Award At the opening ceremony of the Hannover Messe this year, Bosch Rexroth was awarded the top international industry award: Hermes Industrial Technology Innovation Award. The Hermes Award for Industrial Technology Innovation was founded by Deutsche Messe AG and is announced at the opening ceremony of …
Calculation Formula of Weight of Stainless Steel Pipe There are mainly two kinds of decorative stainless steel pipe orifice shape, square rectangular pipe and round pipe.The formula of the two is as follows :(where 0.02491 is converted from the density of stainless steel as a constant) 1. The theoretical weight calculation formula of stainless steel …
The Biden administration lift international travel restrictions in under pressure on May 1 According to a recent report by USA Today, the US airline industry and other travel-related businesses are urging the White House to draft a plan within the next five weeks to lift international travel restrictions that were put in place in the …
