Base Metal Stocks Articles

IRON ORE PRICES: Benchmark index falls below $76 per tonne

January 16, 2018 / Sophie Zhao

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

Seaborne coking coal market retreats further

January 16, 2018 / Deepali Sharma

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 slides further amid thin trading

January 16, 2018 / Metal Bulletin Editorial

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

Steelmaking Raw Materials Trade Log, January 16, 2018

January 16, 2018 / Staff reporter

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

LIVE FUTURES REPORT 16/01: LME base metals down; nickel falls 3.8% after unsustainable rally

January 16, 2018 / Alice Mason

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 REBAR: Domestic prices largely flat amid sparse trading

January 16, 2018 / Jessica Zong

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 HRC: Domestic prices regain some strength

January 16, 2018 / Gladdy Chu

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

METALS MORNING VIEW 16/01: Base metals take a break

January 16, 2018 / Boris Mikanikrezai

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's Pilbara iron ore shipments exceed 2017 target of 330 mln tonnes

January 16, 2018 / July Zhang

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

RIO TINTO AT A GLANCE: Q4 production results

January 16, 2018 / Kyle Docherty

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