The global vanadium pentoxide (V2O5) and ferro-vanadium markets continued upward on strong momentum to start 2018, with prices surging amid concerns over thinning supply availabilities. Chinese V2O5, ferro-vanadium prices surge on low availability, robust demandEuropean ferro-vanadium prices follow Chinese market, run wild amid trader frenzyUS FeV market follows overseas markets upward amid low in...Read More
Chinese low-grade manganese ore prices have continued to rally on stronger silico-manganese futures markets; while the European and US manganese alloy markets have followed strong ore markets upward.Low-grade ore price rises on higher silico-manganese futures, while high-grade price dips amid demand lullChinese alloys prices continue backslide on lackluster demandEU alloys prices bolstered by stea...Read More
UK ferrous scrap prices for monthly deliveries to consumers in January have settled with increases of around ?15-20 per tonne compared with December's settlements, trade sources told Metal Bulletin this week.One main factor in settling January contracts was the steady increase in the scrap import price into Turkey, a key export market for British steel scrap, sources said. Metal Bulletin's daily...Read More
Prices for short-sea scrap imports arriving in Spain have fallen by ?,?10 ($12) per tonne over the past week, which could lead to a dip in Turkish deep-sea import scrap prices, market sources told Metal Bulletin on Tuesday January 16. Weaker demand from Spanish mills has led to a fall in short-sea import prices for United Kingdom-origin HMS 1&2 (80:20), which was ?,?280-283 per tonne cfr northern...Read More
Iron ore prices dropped below $76 per tonne cfr China on Tuesday January 16 on a lack of trading in the seaborne market.Metal Bulletin's 62% Fe Iron Ore Index Today: $75.71 per tonne cfr QingdaoDaily change: down by $0.88 per tonneMonth-to-date average: $77.00 per tonneMetal Bulletin's 58% Fe Premium Index Today: $61.76 per tonne cfr QingdaoDaily...Read More
The seaborne coking coal market continues to await transactions to underline price direction, although expectations of a weakening market are gathering momentum. "Any buying interest would be below $250 per tonne fob Australia now," a seller source said, adding that enquiries for second-tier materials remain robust. A buyer source said that the lack of interest from China, coupled with alleviating...Read More
Seaborne iron ore market continued to weaken on Tuesday January 16 amid limited trading activity, with high inventory levels at Chinese ports and mills' smaller margins capping prices for the steelmaking raw material.Key drivers There were few inquiries made for seaborne cargoes, including high-grade fines, during the day, according to trading sources. A few mills were also heard to be reselling t...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
London Metal Exchange base metals prices were weaker across the board during morning trading on Tuesday January 16, with nickel prices falling the most. The complex is correcting this morning after Monday's rally, which saw copper and nickel prices close up over $100 per tonne on support from the weaker dollar. Nickel prices have plummeted $480 per tonne this morning, while copper prices retreated...Read More
China's rebar market regained some stability on Tuesday January 16 amid sparse trading. Domestic Eastern China (Shanghai): 3,710-3,760 yuan ($576-584) per tonne, widened downward by 10 yuan per tonne Northern China (Beijing): 3,750-3,780 yuan per tonne, unchanged Traders attempted to prop up prices in the morning on seeing the gains in the billet and futures markets earlier in the day.But buyers r...Read More
China's domestic prices for hot-rolled coil increased slightly on Tuesday January 16 after several days of decline.DomesticEastern China (Shanghai): 4,140-4,180 yuan ($643-649) per tonne, up 10-20 yuan per tonne Northern China (Tianjin): 3,940-4,960 yuan per tonne, up 10-20 yuan per tonneSpot prices recovered some losses on Tuesday after falling for the last three working days.The spot market rece...Read More
Base metals traded on the London Metal Exchange are edging lower this morning, Tuesday January 16, posting an average loss of 0.7% on subdued trading volumes. Nickel prices, down by 1.6%, are the weakest, while copper and tin prices, both down by 0.2%, are showing the most resilience.This bout of profit-taking seems to be driven by a rebound in the dollar, pushing most commodity prices lower, in s...Read More
Rio Tinto shipped 330.10 million tonnes of iron ore (on a 100% basis) from its Pilbara operations in Australia in 2017, in line with its guidance of 330 million tonnes.The total is up 1% from its 2016 total of 327.60 million tonnes, it said in its latest production results statement on Tuesday January 16.The increase was helped by the October-December quarter when it shipped 90 mill...Read More
Summary of Rio Tinto's fourth-quarter production results for the three months ended December 31: (Rio Tinto share unless otherwise indicated, year-on-year change)Iron ore shipments (100% basis) 90 million tonnes, +3% Iron ore...Read More
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Aluminium x Lead ...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 pu...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
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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