Iron ore prices remained steady above $78 per tonne cfr China on Monday February 19 amid inactivity with Chinese market participants away for the Lunar New Year.Metal Bulletin's 62% Fe Iron Ore Index Today: $78.43 per tonne cfr QingdaoDaily change: unchangedMonth-to-date average: $76.56 per tonneMetal Bulletin's 58%...Read More
Seaborne coking coal spot prices were largely static on Monday February 19 with market participants mostly away for the Chinese New Year celebrations. Indicative bids for March-laycan cargoes of second-tier hard coking coal were around $190-195 per tonne fob...Read More
Import prices for containerized heavy melting scrap (HMS) in Taiwan were stable last week on thin trading due to a major holiday in the territory. Metal Bulletin's assessment of import prices for United States-origin HMS 1&2 (80:20) into Taiwan was $320-325 per tonne cfr for the week ended Friday February 16, the same as a week...Read More
The metals complex on the London Metal Exchange is down an average of 0.1%, with the exceptions of aluminium that is off 0.6% ($2,186 per tonne) and nickel that is up 0.8% ($13,775 per tonne). Copper prices are off 0.1% at $7,177 per tonne. Volumes have been light with 2,354 lots traded as of 07:53 am London time. This follows a mixed performance on Friday when aluminium and tin prices were up 2.1...Read More
The LME aluminium price dipped 0.61% during early Asian trading on Monday February 19, reversing gains seen last Friday.China's markets are closed from today till Wednesday for the Chinese New Year holiday, and will re-open on Thursday February 22.The three-month aluminium contract on the London Metal Exchange was at $2,194.50 per tonne at 12:07 pm Shanghai time, down 0.61%, or $13.50 per tonne, f...Read More
Low- and high-grade cobalt prices continued to overlap in the latest price assessment, with a supply squeeze coupled with strong demand for cobalt broken cathodes and briquettes for chemical applications at the core of new higher prices. Metal Bulletin assessed benchmark low-grade cobalt prices at $38-39.30 per lb, in-warehouse on Friday February 16, up by 25 cents on the low end of the range...Read More
Silicon grade 441 prices in Europe jumped by 5.7% on Friday February 16 due to the absence of Chinese sellers from the market for the Lunar New Year holidays, which compounded concerns about supply in the coming weeks. Metal Bulletin assessed grade 441 silicon, in-warehouse Rotterdam prices at ?,?2,300-2,500 ($2,855-3,103) per tonne on Friday, up from ?,?2,215-2,325 previously, while gra...Read More
The European antimony market continued to be supported last week by tightening supplies in Rotterdam while activity in the Chinese market slowed down due to the week-long Lunar New Year holidays.Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,400-8,700 per tonne on Friday February 16, unchanged from Wednesday when prices had moved up from $8,400-8,6...Read More
China is set to lead the way forward in the development of electric vehicles (EVs) in the next 10 years and become the development destination for technology and innovation in the space, according to Anthony Milewski, chief executive officer of Cobalt 27.Milewski told Metal Bulletin that it's still tricky to determine exactly which automotive firm might win in the race to develop commercial EVs. Y...Read More
The closure of some induction furnaces in China in 2016 followed by the government's crackdown on all unlicensed IFs in mid-2017 freed up some scrap volumes, albeit arguably of low-quality material. Chinese domestic scrap prices came under pressure from the increased supply, which prevented them from keeping pace with the rise in steel and other raw material markets in the fourth quarter of 2016;...Read More
The closure of some induction furnaces in China in 2016 followed by the government's crackdown on all unlicensed IFs in mid-2017 freed up some scrap volumes, albeit arguably of low-quality material. Chinese domestic scrap prices came under pressure from the increased supply, which prevented them from keeping pace with the rise in steel and other raw material markets in the fourth quarter of 2016;...Read More
The closure of some induction furnaces in China in 2016 followed by the government's crackdown on all unlicensed IFs in mid-2017 freed up some scrap volumes, albeit arguably of low-quality material. Chinese domestic scrap prices came under pressure from the increased supply, which prevented them from keeping pace with the rise in steel and other raw material markets in the fourth quarter of 2016;...Read More
The closure of some induction furnaces in China in 2016 followed by the government's crackdown on all unlicensed IFs in mid-2017 freed up some scrap volumes, albeit arguably of low-quality material. Chinese domestic scrap prices came under pressure from the increased supply, which prevented them from keeping pace with the rise in steel and other raw material markets in the fourth quarter of 2016;...Read More
The closure of some induction furnaces in China in 2016 followed by the government's crackdown on all unlicensed IFs in mid-2017 freed up some scrap volumes, albeit arguably of low-quality material. Chinese domestic scrap prices came under pressure from the increased supply, which prevented them from keeping pace with the rise in steel and other raw material markets in the fourth quarter of 2016;...Read More
The closure of some induction furnaces in China in 2016 followed by the government's crackdown on all unlicensed IFs in mid-2017 freed up some scrap volumes, albeit arguably of low-quality material. Chinese domestic scrap prices came under pressure from the increased supply, which prevented them from keeping pace with the rise in steel and other raw material markets in the fourth quarter of 2016;...Read More
The closure of some induction furnaces in China in 2016 followed by the government's crackdown on all unlicensed IFs in mid-2017 freed up some scrap volumes, albeit arguably of low-quality material. Chinese domestic scrap prices came under pressure from the increased supply, which prevented them from keeping pace with the rise in steel and other raw material markets in the fourth quarter of 2016;...Read More
The closure of some induction furnaces in China in 2016 followed by the government's crackdown on all unlicensed IFs in mid-2017 freed up some scrap volumes, albeit arguably of low-quality material. Chinese domestic scrap prices came under pressure from the increased supply, which prevented them from keeping pace with the rise in steel and other raw material markets in the fourth quarter of 2016;...Read More
The closure of some induction furnaces in China in 2016 followed by the government's crackdown on all unlicensed IFs in mid-2017 freed up some scrap volumes, albeit arguably of low-quality material. Chinese domestic scrap prices came under pressure from the increased supply, which prevented them from keeping pace with the rise in steel and other raw material markets in the fourth quarter of 2016;...Read More
The closure of some induction furnaces in China in 2016 followed by the government's crackdown on all unlicensed IFs in mid-2017 freed up some scrap volumes, albeit arguably of low-quality material. Chinese domestic scrap prices came under pressure from the increased supply, which prevented them from keeping pace with the rise in steel and other raw material markets in the fourth quarter of 2016;...Read More
The closure of some induction furnaces in China in 2016 followed by the government's crackdown on all unlicensed IFs in mid-2017 freed up some scrap volumes, albeit arguably of low-quality material. Chinese domestic scrap prices came under pressure from the increased supply, which prevented them from keeping pace with the rise in steel and other raw material markets in the fourth quarter of 2016;...Read More