The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreBeijing Iron Ore Trading Center (Corex), 170,000 tonnes of 61% Fe Pilbara Blend fines, traded at $62.50 per...Read More
Seaborne iron ore concentrate prices dipped on Friday November 23 due to limited demand from major Chinese buyers and weakening high-grade iron ore prices. The weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $95.27 per tonne cfr China on Friday, down by $4.02 per tonne from November 16. The daily 65% Fe Iron Ore Index averaged $91.56 per tonne cfr China last week, compared wi...Read More
Physical iron ore prices plummeted on Monday November 26 following a slump in futures and steel markets, with Chinese steelmakers fearing losses. MB 62% Fe Iron Ore Index: $64.25 per tonne cfr Qingdao, down $5.88 per tonne. MB 62% Fe Pilbara Blend Fines Index: $63.52 per tonne cfr Qingdao, down $5.80 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $68.97 per tonne cfr Qingdao, down $4.10 per tonn...Read More
Increasingly gloomier sentiment in China following a continual decline in its downstream ferrous markets has led to a drop in prices for seaborne coking coal sold into the country.A top Australian brand was heard offered at $221 per tonne cfr China during the day, while a second-tier product was offered at $203 per tonne cfr China, a Chinese end-user source told Fastmarkets on Monday November 26....Read More
The continued strike at Venezuela's Ferrominera Orinoco (FMO) is keeping the domestic hot-briquetted iron (HBI) industry paralyzed."As a result of FMO's sustained strike, all HBI producers have stopped for the moment," a market source in Venezuela told Fastmarkets. "Even Orinoco Iron is completely down due to the shortage of iron ore fines."FMO is the country's only legally authorized domestic pro...Read More
Metal concentrates trading platform Open Mineral has completed a Series B investment round with $5.5 million invested, it announced on Friday November 23.Open Mineral was founded by former Glencore executives Boris Eykher and...Read More
Key data from the pricing sessions in London and Shanghai on Friday November 23. China The Chinese grade 553 silicon price fell by 3.3% week on week amid aggressive bids Inquiries were still thin amid slow trading for much of the week Meanwhile, availability of material was sufficient in the spot market The price range widened, reflecting differing attitudes among suppliers in Chi...Read More
Antimony prices moved down in both Chinese and European markets in the week ended Friday November 23 amid weak consumer demand. In China, Fastmarkets' price assessment for MMTA standard grade-II antimony, delivered, duty-paid, stood at 50,000-50,500 yuan ($7,211 -7,283) per tonne on November 21, down 0.7% from 50,200-51,000 yuan per tonne a week earlier amid persistent weak demand in the domestic...Read More
G20...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Subscr...Read More
Metal price hit by waves of...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it...Read More
Aluminium LME aluminium traded as low as $1,928.50...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download th...Read More
Resilient in spite of unfriendly macro...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
Fundamentals still look stronger than...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
New 2018 low... The slide in nickel prices...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issu...Read More
Technical rather than fundamental sell-off The LME 3M tin price registered a 4.5% loss last week after a sell-off of 4% on Friday – the largest percentage drop since August 15. That made tin the second-worst performer on the LME after nickel (-4.6%). The sharp decline in LME open interest last week suggests that the tin’s sell-off was primarily driven by long liquidation rather than shor...Read More
Supply/demand dynamics weigh on Chinese HDG...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest iss...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points in pre-opening trade. United Technologies slipped $1.98 to $126.00 after announcing plans to spinoff of its Otis and Carrier divisions.Bank of Nova Scotia (BNS $70.09 Cdn) is expected to open lower after reporting slightly lower than consensus fiscal fourth quarter earnings.Apple dropped $3.79 to $170.83 aft...Read More
Prices for steel billet dropped in most global regions last week, due to a return of Chinese producers to the export market and uncertainty in the scrap markets.The scrap market in Turkey declined, with increased fears of a change in the raw material's price trend.Fastmarkets' daily price index for HMS 1&2 (80:20) of Northern Europe origin reached $320.33 per tonne cfr Turkey on Friday November 23...Read More