What is going on in the market for basic metals?
Mining News Pro - In July, steel prices dropped by 3 percent to $ 580 per tonne, while coal coke prices dropped dramatically, dropping 13 percent from last month to $ 170 a tonne.


According to Mining News Pro - Iron ore grade 62% has grown one percent to 61 dollars per ton. Also, 58 percent of the total is one percent increase of 44 dollars per ton, indicating that iron ore demand is still stable.

China`s hot rolling price is also roughly constant, with a one-percent increase to $ 699 a ton.

World data shows that industrial growth in China is slower in July, with US sanctions and a $ 34 billion tariff on China`s exports, has slowed China`s economic growth.

The PMI in July 2018 was 51.2, up from 51.5 in June. Of course, demand has been sustained.

Over the last month, the price of long products has been weakened and activists say this is due to seasonal changes.

Analysts believe that steel prices will remain stable as the new constraints will support the price trend of steel.

Supportive measures in most parts of the world will support this price trend and will lead to price stability.

The price of iron ore in India is expected to stabilize. Australian coking coal prices peaked in June, but prices fell by 13% in July to normalize shipping and logistics in Australia and Canada to $ 171 / t.

In addition to improving logistical issues, the decline in Chinese coke imports has been another factor in these cuts. Experts say the price of coal will remain at the same level. In other words, although Chinese demand will suffer further reductions in steel capacity, higher demand from India, however, is likely to partly offset this decline in demand.

Almost all non-ferrous metal prices continued to decline in July for the second consecutive month.

The main reasons for this are the tensions of the business, the strength of the US dollar and, eventually, the weakening of China`s demand.

Copper prices rose to $ 6,225 a ton from late March, due to the slowdown in Chinese production growth.

The zinc price is also down due to falling demand and a drop in supply, reaching $ 2907.

Aluminum prices also began to fluctuate at the beginning of the year but fluctuated in the first half of the year, and unlike steel, environmental restrictions could not have a huge impact on aluminum capacity. That`s why prices were fluctuating in the first half of 2018, and aluminum prices are expected to average between $ 2100 and $ 2,300 per tonne in the medium term.

Regarding the price of gold and silver, the price of these metals was also lowered, and silver per ounce was $ 15.5 and $ 1 128 per ounce.

The war of commerce and the movement of the dollar is key to the precious metals process. However, most metals have a positive outlook, and estimates suggest that prices will stabilize in the short and medium term.

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