On September 17, China's Ministry of Commerce (MOC) announced that during last week (Sept 9-15) the average finished steel price in China was down by 0.2 percent week on week.In particular, in the given week average prices of 145 mm x 2.5 mm hot rolled strip, 12 mm rebar and 3mm hot rolled sheet in China decreased by 0.4 percent, 0.3 percent and 0.3 percent week on week, respectively.
In the week ending September 15, average prices of minerals in China were down 0.2 percent compared to the previous week. In particular, the average prices of copper ore, lead ore and zinc ore were down 0.8 percent, 0.8 percent and 0.4 percent week on week, respectively. The average prices of iron ore and antimony ore were unchanged, while the average price of tin ore was up 0.9 percent, all compared to the previous week.
In the given week, average prices of energy in China were up 0.8 percent week on week. The average price of crude oil and metallurgical coke were up by 1.5 percent and 0.6 percent respectively, while the average price of raw coal declined by 1.2 percent, all week on week.