The following Metal Bulletin minor metals prices changed on Wednesday April 25:Antimony MB free market regulus, $/tonne: $8,150-8,300 per tonne from $8,200-8,350 Antimony MMTA standard grade II, $/tonne: $8,150-8,300 per tonne from $8,200-8,350 Cobalt MB free...Read More
Key data from the Wednesday April 25 pricing session in Europe. Key drivers - The ferro-titanium spot market has moved up in its trading range and about 650 tonnes of alloy was reported to have been traded. - All but about 20 tonnes of the alloy was reported sold at above $5 per kg delivered duty paid. Traders continue to be more aggressive with their offer prices below that level and around...Read More
CSN's mining unit will put workers on collective holidays at its Casa de Pedra iron ore mine in the city of Congonhas, in Brazil's southeastern Minas Gerais state.The collective holidays will be granted in successive periods of 15 days, from May 7 to July 20, and the...Read More
Turkish steel producers returned to the deep-sea scrap markets for UK-origin cargoes on Wednesday April 25, with prices going down slightly.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $341.07 per tonne cfr, down by $1.53 per tonne day-on-day.The daily index for similar US-origin material closed at $349.67 per...Read More
The latest metal markets news and price moves to start the North American day on Wednesday April 25.Base metals on the London Metal Exchange were broadly lower during morning trading, with zinc the biggest downward mover. Some 30,075 tonnes of zinc was delivered into Antwerp this morning, with overall stocks rising approximately 16%. The metal's three-month price has subsequently fallen 1.6% this...Read More
The seaborne iron ore market continued to weaken on Wednesday April 25, with a cargo of Pilbara Blend fines even offered at a discount against the May average of an index.Metal Bulletin 62% Fe Iron Ore Index: $66.38 per tonne cfr Qingdao, down by $0.88 per tonneMetal Bulletin 58% Fe Premium Index: $55.94 per tonne cfr Qingdao, down by $0.14 per tonneMetal Bulletin 65% Fe Iron Ore Index: $84.70 per...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...Read More
The gap between prices for premium hard coking coal and hard coking coal in the seaborne market narrowed further on Wednesday April 25, and participants are divided about whether they have reached a floor.A shipment of a top Australian brand with an early-June laycan was traded at $186 per tonne cfr China while a cargo of premium mid-vol materials with an end-May laycan changed hands at $182 per t...Read More
China's iron ore, coking coal and scrap imports all fell on the year in March, while scrap and coke exports surged.Read More
China's domestic coking coal market weakened over the past month, with prices tumbling in late March before declining further in the weeks that followed after a period of relative stability due to softening downstream demand.Metal Bulletin's weekly assessment of domestic prices for hard coking coal in Shanxi delivered to Tangshan stood at 1,350-1,750 yuan ($214-277) per tonne last Friday April 20,...Read More
The London Metal Exchange has announced further guidance on treating sanction-affected contracts, highlighting an extended wind-down period for open positions with UC Rusal. Following an April 23 announcement by the US Department of the Treasury's Office of Foreign Assets and Control (OFAC), the LME has extended the period to close out contracts with Rusal from June 5 to October 23 of this ye...Read More
Comex copper prices dipped in morning trading on Wednesday April 25 amid a rising dollar and a lack of fresh catalysts. Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 1.40 cents or 0.4% to $3.1280 per lb. The contract has been unable to set clear price direction over the past few weeks....Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday April 25*Copper -$100.57 (-636.09 yuan) Aluminium -$435.30 (-2,753.17 yuan) Zinc -$81.35 (-514.50 yuan) Nickel -$741.56 (-4,690.14 yuan) *The physical arbitrage numbers...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
CLSA's Andrew Driscoll has topped the base metals leader board in the Apex first-quarter 2018 contest, with an accuracy rating of 98.56%, while Georgette Boele of ANB Amro was top of the precious metals table with 98.20% accuracy.Click on the image below to download the full report. Second in the base metals leader board is Edward Meir of INTL FCStone with 98.43% accuracy, while Citi's Nell Agate...Read More
Export volumes of stainless flat steel products from China rose in March this year in both monthly and annual comparisons, with market activity resuming in the region after February's lull for the lunar new year celebrations.Shipments totaled 316,452 tonnes in March, up by 6.6% from 296,748 tonnes in March 2017, according to Chinese customs data released on Tuesday April 24.This volume was also 30...Read More
Japan's crude steel output increased in March compared with a year earlier, according to the latest data from the Japan Iron & Steel Federation (JISF).The country produced 9.08 million tonnes of crude steel last month, up 2.2% on the year. Electric-arc furnaces accounted for 25.3% of this output while the remainder was produced using...Read More
Despite its potential impact on nickel ore supply, the latest development in the Philippine mining industry is having lesser impact on Shanghai Futures Exchange nickel prices while market participants focus on demand-side issues. SHFE nickel prices have trended down since the most-traded SHFE July nickel contract hit a high of 109,790 yuan ($17,396) per tonne on April 18, the highest since May 201...Read More
All MB non-ferrous UK scrap and foundry ingot prices were unchanged on Wednesday April 25.NB: prices...Read More
Zinc – Zinc BUY Call 6af given at price 215.90 Triggered SL at price 214.90. Total 1 points SL hit in Zinc tips6af : Free Zinc Tips - BUY Zinc at CMP 215.90 for Target 217 - 217.80 with SL below price 214.90AFTER POST CONTENT Read More