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 its 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 its 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 its 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 its published.SubscribeRead 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 its published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS 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 lat...Read More
HONG KONG, Jan 16 (Reuters) - Aluminium products maker China Hongqiao Group Ltd said on Tuesday it plans to sell HK$6.24 billion ($800 million) worth of new shares to its controlling shareholder to cut its debt.The mainland China-based company will issue 650 million new shares to its chairman-controlled China Hongqiao Holdings Ltd at HK$9.60 apiece, representing a 10.45 percent discount to the pr...Read More
* Australian shares hit 2-week low* Weak iron ore prices drag material stocks* NZ marks biggest intraday percentage gain in over 5 weeks By Christina MartinJan 16 (Reuters) - Australian shares slipped to their lowest in two weeks on Tuesday, with materials weighing on the index on weak iron ore and coking coal prices.Chinese iron ore futures fell 2 percent on Monday as stockpiles of the steelmak...Read More