Import prices for rebar in Singapore decreased over the past week with sellers lowering their offers on weakening market fundamentals.Major Chinese mills had decreased their offers to $555-565 per tonne cfr Singapore from $575-580 per tonne cfr Singapore a week earlier.Turkish mill cargoes were being offered at $555 per tonne cfr Singapore. These offers were also heard in Hong Kong.Forward cargoes...Read More
Import prices for re-rolling-grade hot-rolled coil sold into Vietnam tightened downward over the past week with distressed cargoes dampening spot price negotiations and traders becoming more willing to lower their offers.Metal Bulletin's assessment of HRC import prices in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $600-605 per ton...Read More
Russian aluminium producer Rusal has offered the light metal for July-Septmeber delivery to main Japanese ports (MJP) on cif basis at $160 per tonne premium over London Metal Exchangecash price, according to six trader sources familiar with the matter. The offer is 24% higher than the second quarter MJP premium of $129 per tonne. "We have a tiny business with Rusal, we would have to disc...Read More
Good morning from Metal Bulletin's offices in Asia, bringing the latest news and pricing stories on Monday May 28. Zinc prices rose on the SHFE today, driven by falling inventories.Check Metal Bulletin's live futures report here. SHFE snapshot at 11:14 am Shanghai timeMost-traded SHFE contracts Price (yuan per tonne)Change since previous session's close (yuan)Copper (June)51,480-10Aluminium (...Read More
China's domestic hot-rolled coil prices maintained their upward trend on Monday May 28 on gains in the futures market. Domestic Eastern China (Shanghai): 4,240-4,260 yuan ($663-666) per tonne, up 30 yuan per tonne Northern China (Tianjin): 4,090-4,110 yuan per tonne, up 10 yuan per tonne Rising futures stimulated buying interest during the day and pushed up spot prices. End-users kept their procur...Read More
Taiwan's China Steel Corporation (CSC) has increased its offers for the third quarter of this year due to a bullish outlook for the period."Taiwan has benefited from favorable domestic industrial production as well as overseas export markets. The economy is also expected to continue doing well in the second-half of the year," CSC said.This has been supported by market fundamentals in northeast Asi...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet China,...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: HRCHot-rolled coil East China, domestic,...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
Low grade manganese ore prices rebounded in China after recent low prices attracted fresh consumer appetite and trader interest. Low grade ore prices up nearly 3%High grade prices slide slightlyAlloy prices slide in China and IndiaAlloy prices stable in EuropeFerro-manganese prices hold in United States as silica-manganese weakens.Low grade manganese ore prices ended their two-month slide on Frida...Read More
Prices of ammonium paratungstate (APT) in both Chinese and European markets moved up further over the past week amid massive stoppages in the major production hub of Jiangxi province, while the ferro-tungsten market was quiet as both domestic Chinese and overseas prices declined. Prices of ammonium paratungstate (APT) in both Chinese and European markets moved up further over the past week amid ma...Read More
South Africa's more expensive winter power tariff is likely to push chrome prices higher in China's already tight market. Charge chrome prices keep rising on tighter supplyChrome ore prices follow charge chrome higherChinese domestic alloy prices pause as market awaits June tendersAlloy prices tick up in EuropeAlloy prices hold in Japan, South Korea and United States South African chrome ore...Read More
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 oreRio Tinto, tender, 100,000 tonnes of 61% Fe Pilbara Blend fines, sold at...Read More
The seaborne iron ore concentrate market softened last week with premiums experiencing a decline along with a drop in the index for 65% Fe fines. Metal Bulletin's weekly 66% Fe Iron Ore Concentrate Index was $87.16 per tonne cfr China last Friday May 25, down $3.69 per tonne - or 4% - from a week earlier. The daily Metal Bulletin 65% Fe Iron Ore...Read More
Chinese ferrous futures were mostly softer again during morning trading on Monday May 28, with the exception of the coking coal contracts which moved up. Physical prices had softened on Friday amid declining futures despite gains in the steel market.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,590 yuan ($562) per tonne, down 8 yuan per tonneOctober hot-rolled...Read More
Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Monday May 28, with zinc, nickel and tin registering gains, while aluminium prices were flat and those of copper and lead fell.In zinc this morning, the most-traded July zinc contract on the SHFE was at 23,885 ($3,736.79) yuan per tonne at 11:15 am Shanghai time, rising 195 yuan per tonne from Friday's c...Read More
The Chinese antimony market moved up amid tightness in antimony concentrates, an uptrend in European markets and potential production cuts in Lengshuijiang following the arrival of environmental inspection teams last week. Metal Bulletin assessed Chinese MMTA standard grade II, delivered duty paid, antimony prices at 51,000-51,500 yuan ($7,979- 8,057) per tonne on Wednesday May 23, up from 50,000-...Read More
Chinese silicon export prices continued to trend lower on bearish sentiment resulting from weak domestic consumption, while in Europe prices remained steady in thin trading. The Chinese grade 553 silicon metal export price dropped to $1,840-1,900 per tonne on Friday May 25, down 1.3% from $1,860-1,930 per tonne one week ago. Japanese traders have started extensive procurement since the s...Read More
Some small traders of thinly-traded metals are at risk of being priced out of the market, with less than a week to go for the May 31 deadline for the Registration, Evaluation, Authorisation and Restriction of Chemicals (Reach) program, market participants told Metal Bulletin.A search on the European Chemicals Agency (ECHA)'s database by Metal Bulletin revealed as of 15 May, 2018, only three compan...Read More
FREE LEAD TARGET TIPSFree Lead Target Tips – Mcx Lead JUN Sell Carry Call 9f5 Advised at price 169.40 Achieved 2nd Target 166.80 & 3rd Target 166. CMP 164.80. Total profit of 4.6 x 2 lot = 9.2 Points / Rs 46000TIPS ID 9f5 : Lead Hold call - SELL Lead JUN at 169.40 Add more at price 170.40 for Target 167.80 - 166.80 - 166 with SL Above price 171.10. RISK taker trade 2 lots Read More