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DAILY STEEL SCRAP: Rebar exports support $9/tonne increase in Turkey scrap prices

April 22, 2021 / www.metalbulletin.com

Turkish deep-sea scrap import prices have rebounded once again with fresh bookings done following successful Turkish export rebar and billet sales, market participants said on Wednesday April 21. A steel mill in the Iskenderun region booked a European cargo, comprising 22,500 tonnes of HMS 1&2 (80:20) and 12,500 tonnes of a mixture of plate and structural (P&S) and HMS 1 at an average price of $42...Read More

IRON ORE DAILY: Seaborne prices retreat amid limited liquidity

April 22, 2021 / www.metalbulletin.com

Iron ore seaborne prices dipped on Wednesday April 21 due to limited trading activity, while prices at Chinese ports gained on better demand, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $188.23 per tonne, down $1.38 per tonne62% Fe low-alumina fines, cfr Qingdao: $188.67 per tonne, down $1.36 per tonne58% Fe fines high-grade premium, cfr Qingdao: $161.23 per tonne, down $3....Read More

CHINA STEEL SCRAP: Prices edge up amid bullish sentiment in Japan

April 22, 2021 / www.metalbulletin.com

Offer prices for ferrous scrap imports into China increased sharply on Wednesday April 21 amid bullish sentiment in the key supplier, Japan.The highest offers heard were at $520-530 per tonne cfr north China, equivalent to $510-520 per tonne cfr east China.Bid prices were heard at $495-500 per tonne cfr north China, equivalent to $485-490 per tonne cfr east China.Sentiment in the Japanese market h...Read More

COKING COAL DAILY: Seaborne premium coking coal prices diverge in cfr, fob market

April 22, 2021 / www.metalbulletin.com

The seaborne premium hard coking coal price in the cfr China was relatively flat and fell in the fob market on Wednesday April 21.The low offer level and combined sale of two cargoes in one deal attracted some buying interest in the fob market while buyers in the cfr market were cautious amid the high offers, market sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBC...Read More

BHP lowers coking coal production guidance for FY2021

April 22, 2021 / www.metalbulletin.com

Over July 2020 to March 2021, BHP's metallurgical coal production volume came to 29 million tonnes, down by 2% year on year, BHP's latest quarterly report on April 21 shows.BHP adjusted its production guidance for metallurgical coal in its 2021 financial year to 39-41 million tonnes, down from 40-44 million tonnes, as a result of significant wet weather during December 2020 and the first quarter o...Read More

AT A GLANCE: Rio Tinto's iron ore production down 2% in Q1, Pilbara shipments up 7%

April 22, 2021 / www.metalbulletin.com

A summary of multinational mining company Rio Tinto's first-quarter 2021 production results from its latest production report released on Tuesday April 20. In brief Iron ore production at Pilbara (100% basis) in the first quarter of 2021 was 2% lower year on year due to fixed plant reliability and above average wet weather at the mines. In the first quarter, labor resource availability and weather...Read More

AT A GLANCE: BHP expects to achieve upper half of FY2021 iron ore production guidance

April 22, 2021 / www.metalbulletin.com

A summary of BHP's operational review for iron ore for its financial third quarter ended March 31, 2021, as released on Wednesday April 21.In briefTotal production of iron ore for the nine months ended March 31 was 188.3 million tonnes (211.3 million tonnes on 100 % basis), up by 4% year on year. Iron ore production in January-March was at 59.9 million tonnes, down by 4%...Read More

CHINA HRC: Prices narrow upward on inventory falls

April 22, 2021 / www.metalbulletin.com

China's hot-rolled coil prices narrowed upward on Wednesday April 21 amid inventory decreases, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,500-5,520 yuan ($847-850) per tonne, narrowing upward by 30 yuan per tonneMarket sentiment was lifted on Wednesday on futures gains, especially after talk circulated that HRC inventory in Shanghai had decreased over the past week, several Shang...Read More

GLOBAL COPPER WRAP: Shanghai premiums at 7-mth low; Europe, US markets flat

April 22, 2021 / www.metalbulletin.com

China's import premiums for copper cathode are in free fall, and market sentiment remained very low in current unfavorable import condition. Premiums in other regions held unmoved.Shanghai premiums in free fall; equivalent grade (EQ) market trades at a bigger discount.United States and European copper premiums steady.China premiums collapse to seven-month low; EQ market deepens in discountThe prem...Read More

LIVE FUTURES REPORT 21/04: Recovering dollar nudges LME zinc, lead prices lower in morning session

April 22, 2021 / www.metalbulletin.com

A recovery in the US dollar index weakened London Metal Exchange zinc and lead prices in the morning of Wednesday April 21, while nickel and aluminium prices regained some of the previous day's losses. The dollar index was at 91.32 on Wednesday morning, up from Tuesday's reading of 90.96. It hit its lowest since March 4 on Tuesday morning when it fell to 90.85, which had allowed for some price rec...Read More

MORNING VIEW: Base metals prices up on LME, down on SHFE; haven assets in demand

April 22, 2021 / www.metalbulletin.com

Base metals prices on London Metal Exchange were up across the board this morning, Wednesday April 21, but those on the Shanghai Futures Exchange were mainly weaker, as were broader markets, while haven assets were bid for.The spread of the Covid-19 pandemic is becoming polarized on a regional basis......this could threaten the global recovery and travelTension rises on Russia-Ukraine border Base...Read More

CONSUMER ELECTRONICS MARKET REPORT 21/04: China cobalt tetroxide dips on slow buying

April 22, 2021 / www.metalbulletin.com

An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi...Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 21/04: Weak end-user demand, good availability pressure ferro-tungsten price

April 22, 2021 / www.metalbulletin.com

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

April 22, 2021 / www.metalbulletin.com

The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

April 22, 2021 / www.metalbulletin.com

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More

Trade log: Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne

April 22, 2021 / www.metalbulletin.com

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More

Trade log: Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end)

April 22, 2021 / www.metalbulletin.com

The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt hydroxide p...Read More

China's FeCr price downtrend continues despite new production cuts

April 22, 2021 / www.metalbulletin.com

The spot ferro-chrome market in China continued its downward trend in the week to Tuesday April 20, despite some newly implemented production cuts in southern parts of the country.Following Inner Mongolia's energy cuts, a couple of other regions issued notices about dual control of energy consumption and intensity in the past week.Some smelters in Guangxi province were heard to have idled their fu...Read More

Bunker Hill updates PEA for namesake zinc-lead-silver project in Idaho

April 21, 2021 / www.northernminer.com

Bunker Hill Mining (CNSX: BNKR; US-OTC: BHLL) has updated a preliminary economic assessment (PEA) for its zinc-lead-silver Bunker Hill mine project in northern Idaho.The Bunker Hill mine is located in the Coeur d'Alene silver district, in Kellogg, Idaho, and was a past-producer for almost century, operating from 1885 until 1981. After finally being shut down in 1991, it was eventually acquired by...Read More

Marathon releases first resource for Berry gold deposit in Newfoundland

April 21, 2021 / www.northernminer.com

Marathon Gold Corp. (TSX: MOZ) has released its first inferred resource estimate for the Berry deposit at the Valentine gold project in Central Newfoundland. Based on 42,000 metres of drilling, it totals 638,700 oz. of gold in 11.3 million tonnes averaging 1.75 grams gold per tonne.About 89% of the total - 566,400 oz. in 10.7 million tonnes at 1.65 grams gold per tonne - lie within a potential ope...Read More

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