Base Metal Stock Articles

CHINA TUNGSTEN SNAPSHOT: Concentrates price rises on low availability; robust demand boosts APT export price

March 01, 2018 / Anna Xu

Key data from Metal Bulletin's Wednesday February 28 pricing session in China.Tungsten concentrates 65% WO3 in warehouse China RMB/tonne Key drivers- The tight supply of tungsten concentrates continued and may become more severe throughout March, with many miners halting production during the National Committee of the Chinese People's Political Consultative Conference and the National People's Con...Read More

Brazilian iron ore exports down 7.6% in February amid lower prices

March 01, 2018 / Ana Paula Camargo

Brazilian iron ore export volumes dropped by 7.58% year-on-year in February, according to figures released by national foreign trade ministry MDIC on Thursday March 1.Iron ore shipments came to 23.78 million tonnes, compared with 25.73 million tonnes a year before.Over the same period, export revenues declined by 14.28%, to $1.26 billion from $1.47 billion, due to lower iron...Read More

IRON ORE PRICES: Benchmark index returns to $79-per-tonne-cfr-China level

March 01, 2018 / Sophie Zhao

Iron ore prices recovered some losses on Thursday March 1 and returned above $79 per tonne though demand remained sluggish.Metal Bulletin's 62% Fe Iron Ore Index Today: $79.39 per tonne cfr Qingdao Daily change: up by $0.78 per tonne Month-to-date average: $79.39 per tonne Metal Bulletin's 58% Fe Premium Index Today: $62.05 per tonne cfr QingdaoDaily change: up by $0.43...Read More

COKING COAL DAILY: Seaborne prices set to strengthen amid tight supply

March 01, 2018 / Deepali Sharma

Trading activity in the seaborne coking coal market remains thin, though some buyers are expecting prices to rise amid a paucity of Australian supply. A cargo of tier-two product was heard offered around $195-200 per tonne fob Australia while top-tier materials were said to be available at $240-250 per tonne cfr China. "It is definitely a sellers' market at this stage with very few seaborne cargoe...Read More

Steelmaking Raw Materials Trade Log, March 1, 2018

March 01, 2018 / Staff reporter

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. ...Read More

Iron ore market yet to escape holiday lull

March 01, 2018 / July Zhang

Trading activity remained lackluster in the physical iron ore market on Thursday March 1 despite a slight increase in prices.Key driversChina's steel and iron ore futures rose slightly from their values a day earlier, while spot rebar and hot-rolled coil prices performed better in comparison, increasing by 10-60 yuan ($1.60-9.50) per tonne.Iron ore prices - at Chinese ports and in the seaborne mar...Read More

LIVE FUTURES REPORT 01/03: LME base metals continue to slide; lead hits new 2018 low

March 01, 2018 / Alice Mason

Base metals on the London Metal Exchange were lower across the board during morning trading on Thursday March 1.A significant recovery in the dollar over the past few days has continued to curb investors' appetite for the base metals, and the dollar index hit its highest since January 18 overnight. The three-month copper price has plummeted back below $6,900 per tonne and hit a fresh two-and-a-hal...Read More

SHFE vs LME physical arbitrage 01/03: Copper, aluminium, zinc, nickel

March 01, 2018 / Anna Xu

Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday March 1*Copper -$69.77 (-443.42 yuan) Aluminium -$430.48 (-2,735.85 yuan) Zinc -$157.99 (-1,004.10 yuan) Nickel -$673.47 (-4,280.17 yuan) * Metal Bulletin calculates the...Read More

NORTH AMERICAN MORNING BRIEF 01/03: LME prices continue slide; Oyu Tolgoi lifts force majeure; world manganese ore supply rises

March 01, 2018 / Justin Yang

The latest metal markets news and price moves to start the North American day on Thursday March 1.Metals on the London Metal Exchange continued to slide on the back of a strengthening dollar, with the dollar index hitting its highest since January 18. The three-month copper contract fell below the $6,900 per tonne mark and a fresh two-and-a-half week low.Here is how the LME base metals complex loo...Read More

Oyu Tolgoi lifts force majeure; sales impact to be made up later this year

March 01, 2018 / Julian Luk

Oyu Tolgoi, one of the world's largest copper-gold-silver mines, has lifted its one-and-a-half-month long force majeure on concentrates delivery with effect from March 1, operator Turquoise Hill said on Wednesday February 28. The Vancouver-based company, majority-owned by Rio Tinto, is confident that any force majeure-related sales impact will be "made up over the next few quarters," according to...Read More

CHINA GALLIUM SNAPSHOT: Suppliers raise offers on expectation of further price increases due to supply shortage

March 01, 2018 / Anna Xu

Key data from Wednesday February 28 pricing session in Shanghai.Gallium metal MB Chinese free market 99.99%, in-warehouse (RMB per kg) Key drivers- Demand surpasses supply, especially with the development of a high-speed 5G network in China- Market sentiment is very...Read More

Speculative buying pushes Chinese cobalt metal price higher; differential between international prices narrows

March 01, 2018 / Susan Zou

The price of cobalt metal in China has played a quick game of catch-up with international prices following the Chinese New Year break (February 15-21), with a strong rally seen since the start of this week on increased speculative buying.China's cobalt metal price jumped to 620,000-650,000 yuan per tonne (equivalent to $38.03-39.8 per lb, ex-China value-added tax) on Wednesday March 1, up 2.4% fro...Read More

METALS MORNING VIEW 01/03: Metals prices consolidate, albeit on a back footing

March 01, 2018 / William Adams

Base metals traded on the London Metal Exchange are for the most part consolidating after recent weakness, the exceptions are aluminium prices that are up by 0.7% at $2,147 per tonne and lead prices that are down by 0.5% at $2,490 per tonne. The rest are little changed, with copper prices recently quoted at $6,943 per tonne.Volume has been average with 8,708 lots traded as of 07.12 am London time....Read More

TRADE CASE MONITOR: Around the world in February 2018

March 01, 2018 / Ana Paula Camargo

As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in February 2018.The case list below includes only updates. For other continuing cases this year, see the update for January.1.HDG.2.Stainless coil, sheet. 3.OCTG. 4.Welded pipe. 5.Cold-rolled, coated flat-rolled steel. Read More

East Asian stainless steel prices up on tighter supply, costlier nickel

March 01, 2018 / Fiona Lam

Robust nickel prices and fewer firm offers pushed prices up in East Asia's stainless steel markets over the past week despite weak demand.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm cold-rolled coil was $2,250-2,330 per tonne cif East Asian ports for the week ended Wednesday February 28, widening upward by $10 per tonne from a week earlier.Metal Bulletin's assessment of p...Read More

BUZZ-MoF flow data-Some Japanese for-bond bargain hunting

Feb 28 2018 8:05PM / Reuters

* MoF flow data for week-ended Feb 24 - Tentative Japan moves intofor-bonds. * Bargain-hunting by some as JPY strengthened, offshore bond prices fell. * Net Y201.3 bln foreign bonds bought against Y512.6 bln sales previousweek. * January saw Japanese buy a net Y1.3887 trln in foreign bonds. * Volume as of late in foreign bonds off, some await stronger JPY, @105.00. * Japanese also bought net Y45 b...Read More

New Chairman Might Accelerate The Timeline Of Rate Hikes

Feb 28 2018 6:24PM / Kitco Commentary

Yesterday’s testimony by Jerome Powell, the recently appointed chairman of the Federal Reserve, significantly underlined the fact that we are now deeply immersed in a period of quantitative normalization.In response to the economic meltdown and the recession that resulted from bank failures, an outcome of their lending practices, starting in 2008 the Federal Reserve initiated a systematic ap...Read More

Goldcorp Names 4 Finalist Vying For $1 Million To #Disruptmining

Feb 28 2018 2:55PM / Kitco News

(Kitco News) - In its continued attempted to promote innovation in the mining Sector, Goldcorp is giving four companies the opportunity to present their ideas to #disruptmining and win $1 million in potential investment capital.Luis Canepari, vice-president of technology at Goldcorp (NYSE: GG, TSX: G,) said the company went through hundreds of submissions to find the best of the best in innovation...Read More

Gold Prices See Tepid Recovery From Tuesday's Losses

Feb 28 2018 1:28PM / Kitco News

Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More

Flash: China's manufacturing PMI down to 50.3 in Feb

Feb 28 2018 01:20 AM / Staff reporter

SHANGHAI, Feb 28 (SMM) - China’s official manufacturing purchasing managers’ index (PMI) stood at 50.3 in February, down from 51.3 in January, according to data released by the National Bureau of Statistics on Wednesday February 28. The country’s non-manufacturing PMI this month stood at 54.4, down from 55.3 in January.  For editorial queries, please contact Daisy Tseng...Read More

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