On November 3, China's Ministry of Commerce (MOC) announced that during last week (October 27-November 2) the overall average finished steel price in China remained stable week on week.
In the given week, average prices of both high-speed wire rod and seamless pipe in China increased by 0.2 percent and 0.1 percent respectively, while average prices of steel channels and equal angles declined by 0.3 percent, all week on week.
In the same week, the average price of non-ferrous metals in China increased by 0.6 percent compared to the previous week. The average price of nickel (Ni >= 99.2%) rose by two percent week on week.
In addition, in the week in question, the average price of coal in China increased by 0.2 percent compared to the previous week. In particular, the average prices of thermal coal and coking coal increased by 0.2 percent, while the average price of anthracite coal increased by 0.1 percent, all week on week.