China's Ministry of Commerce (MOC) has announced that during last week (Nov. 25- Dec.1) the overall average finished steel price in China remained unchanged week on week.
In the given week, average prices of 12 mm diameter rebar and 16 mm common round bar were both up 0.1 percent week on week, while the average price of 3 mm common hot rolled sheet decreased by 0.1 percent week on week.
In the week ending December 1, prices of minerals in China decreased 0.1 percent compared to the previous week. In particular, the average price of antimony ore, zinc ore and lead ore were down 2.3 percent, 0.5 percent and 0.4 percent respectively. Meanwhile, the average price of iron ore remained stable, while the average price of copper ore was up 1.3 percent, all week on week.
In the given week, the average price of non-ferrous metals was down 0.2 percent compared to the previous week. In particular, the average price of nickel (>=99.2%) was down 1.3 percent week on week.
In addition, average prices of energy in China were up 1.4 percent week on week. The average price of crude oil was up 2.8 percent, while the average prices of brown coal, bituminous coal and anthracite coal were up by 2.2 percent, 1.2 percent and 1.0 percent respectively, all week on week.