China's Ministry of Commerce (MOC) has announced that during last week (December 23-29) the overall average finished steel price in China increased by 0.2 percent week on week.
In the given week, the average prices of 16 mm diameter common round bar, 12 mm rebar and 3 mm common hot rolled sheet were down 0.3 percent, 0.3 percent and 0.1 percent week on week, respectively.
In the week ending December 29, the average price of minerals in China was up 0.1 percent compared to the previous week. In particular, the average prices of lead ore, zinc ore and copper ore were up 1.2 percent, 0.9 percent, and 0.7 percent respectively, all week on week.
In the given week, the average price of non-ferrous metals was up 0.4 percent compared to the previous week. In particular, the average price of nickel (>=99.2%) was up one percent week on week.
In addition, in the week in question the average price of energy in China was up 1.1 percent week on week. The average prices of brown coal, bituminous coal and anthracite coal were up 3.5 percent, 2.1 percent and 1.7 percent respectively week on week.