Starting today, August 1, 2021, China increased export tax on iron and steel to a new high, and at the same time removed the reduction of export tax on 23 steel products to ensure domestic supply and output control to limit emissions.

In 2021, base metal prices surged to multi-year record highs as demand recovered from the Covid-19 pandemic and supply problems, amid continued government easing and monetary easing. Speculators have ramped up hoarding, driving up the costs of manufacturers in China - the world's top metal producer...

Nickel price on August 13 increased 1.7% to $ 19,705 / tonne, towards the third consecutive session of price increases. Meanwhile, the September nickel contract in Shanghai closed up 4.6% to 146,720 yuan.

The price of coking coal increased by 5.8%, the price of coking coal increased by 6.5%. Iron ore increased by 6.1%, Singapore iron ore increased by 8.5%.