The latest metal markets news and price moves to start the North American day on Monday August 6. Base metals on the London Metal Exchange were lower across the board during morning trading on Monday August 6, limited by a firm uptick in the dollar index while the market continues to adjust to intensifying United States-China trade relations.Edging lower over the morning, zinc's three-month price...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. ...Read More
While August traditionally sees markets enter the summer lull, action so far has been far from slow while increasingly fractious US-China trade relations drive volatility higher. No let-up is expected any time soon after China's finance ministry unveiled retaliatory tariffs on $60 billion of goods from the United States and accused the country of blackmail. As a result, July trade figures from Chi...Read More
Chinese ferro-silicon prices are holding ahead of an expected upturn in prices later this month on higher-priced tenders from steel mills, a jump in futures and reduced supplies from pollution controls, while the US and European markets keep steady....Read More
Ample supply continued to push ammonium paratungstate prices down in the week ended Friday August 3 following the end of environmental-related suspensions in Jiangxi province. ...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday August 6.Base metals prices on the Shanghai Futures Exchange were up across the board during morning trading on Monday, with a retreat in the dollar index and stronger yuan providing support to the complex.Check Metal Bulletin's live futures report here.Canadian resource firm Cobalt Blo...Read More
SATURDAY, AUGUST 4, 2018 WITH YOUR HOST, MARK LEIBOVIT GUESTS INCLUDE: DON VIALOUX, JIM ROHRBACH, RAY MERRIMAN, SINCLAIR NOE, HARRY BOXER, AND HENRY WEINGARTENhttps://tinyurl.com/ycjrpdte The Bottom LineThe summer swoon in North American equity markets continued last week. Seasonal influences normally turn Negative from the third week in July to mid-October. More signs of a seasonal peak appe...Read More
Turkish domestic ship scrap prices have gone down over the past week due to the weakening lira and poor demand for finished steel, while auto bundle scrap prices have remained largely stable, sources said on Monday August 6....Read More
Physical iron ore was traded at markedly higher prices on Monday August 6 following a surge in futures price attributed to concerns about reductions in shipments by one miner supplying the seaborne market....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. ...Read More
Sentiment in the seaborne coking coal spot market appears to be improving following a series of trades last week, which mostly involved end-users. ...Read More
Japanese trading house Mitsui & Co Ltd will participate in the feasibility study of the Hawsons Iron Project in Australia, the development of which is meant to target the high-grade market. Under the agreement, the Japanese trading house will contribute A$5.4 million ($3.99 million) toward the cost of the project's bankable feasibility study for an option over two million tonnes per annum in offta...Read More
China's ferrous futures were mixed during morning trading on Monday August 6, with steel and iron ore contracts ending the session lower while those for coke and coking coal posted some gains.Futures closing prices - morning sessionShanghai Futures Exchange October rebar: 4,142 yuan ($606) per tonne, down 30 yuan per tonneOctober hot-rolled coil: 4,185 yuan per tonne, down 27 yuan per tonne Dalian...Read More
The London Metal Exchange has fleshed out some of the key components put forward in its strategic pathway last September, notably the decision to trial nickel closing prices electronically for three months in the first quarter of 2019, the exchange said in a note to members on August 1....Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Monday August 6*Copper -$46.48 (-318.81 yuan) Aluminium -$413.86 (-2,838.91 yuan) Zinc $42.81 (293.65 yuan) Nickel -$103.79 (-711.97 yuan) *Metal Bulletin calculates the physical arbitrage for import into China...Read More
Key data from the Friday August 3 pricing session in Shanghai.Cobalt metal - China's domestic cobalt metal price dropped to 490,000-530,000 yuan ($71,718-77,572) per tonne ($28.10-30.40 per lb China VAT-free), with the seasonal lull continuing to the downside. - Spot sales and quotations for Jinchuan cobalt stood around 490,000-505,000 yuan per tonne, while those for imported cobalt were around 52...Read More
Antimony prices in Europe and China were under pressure again last week amid weak summer demand....Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Turkey's finished steel output increased 9% year on year in January-June 2018, while consumption increased 11.5%, according to the latest data published by the Turkish Steel Producers Assn (T???oeD). Finished steel output reached 20.5 million tonnes in the first six months of 2018, up from 18.8 million tonnes in the corresponding period of 2017, while consumption was 18 million tonnes up from 16.2...Read More
The Turkish steel mills have returned to the deep-sea scrap markets following a downturn in prices, sources said on Monday August 6....Read More