Ample supply and weak demand continued to push ammonium paratungstate prices down in the week ended Friday August 10. ...Read More
Market participants in Asia are anticipating a surge in deliveries of lower-priced Turkish ferrous scrap and rebar in the coming weeks as Turkey's economic troubles continue."With the Turkish lira plunging... it is highly possible that ferrous scrap prices in Asia may drop further, [leading to] cheaper rebar offers to Asia," a trader based in Southeast Asia said.The Turkish lira has lost abou...Read More
Base metals prices on the London Metal Exchange were lower across the board at the close of trading on Monday August 13, hindered by widespread risk aversion amid escalating trade tensions and a tumbling Turkish lira. ...Read More
Buyers that are active in the export markets for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States have been rejecting high offers because of slow demand and the threat of price declines in Turkey....Read More
Metal Bulletin's manganese ore indices lacked direction in the week ended Friday August 10 prior to September offers, while market participants queried whether fundamentals or traders taking positions had supported alloys on the Chinese spot market. ...Read More
The deep-sea scrap market remained quiet on Monday August 13, with the political crisis between the United States and Turkey sendng the Turkish lira even further down against the US dollar....Read More
The latest metal markets news and price moves to start the North American day on Monday August 13. ...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday August 13.Base metals prices on the Shanghai Futures Exchange were mixed during morning trading on Monday, with a firmer dollar and uncertainty surrounding escalating global trade tensions fueling a reduction in investors' appetite for the base metals.Check Metal Bulletin's live futures...Read More
Market participants in Asia are anticipating a surge in deliveries of lower-priced Turkish ferrous scrap and rebar in the coming weeks as Turkey's economic troubles continue."With the Turkish lira plunging... it is highly possible that ferrous scrap prices in Asia may drop further, [leading to] cheaper rebar offers to Asia," a trader based in Southeast Asia said.The Turkish lira has lost abou...Read More
Base metals prices on the London Metal Exchange were lower across the board at the close of trading on Monday August 13, hindered by widespread risk aversion amid escalating trade tensions and a tumbling Turkish lira. ...Read More
Iron ore prices rose at Chinese ports but softened in the seaborne market on Monday August 13, following news of tighter restrictions on blast furnaces at some mills in China....Read More
Concerns over long vessel queues at various shipping ports in Queensland, Australia have again emerged among participants of the seaborne coking coal market. ...Read More
The Turkish domestic scrap market has plunged with the latest downturn in the country's currency in the past week, sources said on Monday August 13. ...Read More
UK ferrous scrap prices for deliveries in August have dropped due to a combination of seasonally slower domestic demand and lower dock prices to destinations such as Turkey and the Indian subcontinent, trade sources told Metal Bulletin this week....Read More
The principal trade union representing workers at Chile's Caserones copper mine has voted to go ahead with strike action to begin at 8am local time on Tuesday August 14....Read More
Comex copper prices moved higher on Monday August 13 with geopolitical chaos in Turkey shaking up markets. ...Read More
South32 Ltd has completed the acquisition of Arizona Mining, building further on the Perth, Australia-headquartered zinc portfolio at a time of relatively limited greenfield mine supply. ...Read More
The latest metal markets news and price moves to start the North American day on Monday August 13. ...Read More
The Sukpo zinc smelter in South Korea, which has links to major producer Korea Zinc, has been closed and will remain so until September for environmental reasons, a company source told Metal Bulletin....Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday August 13*...Read More