The CIS export rebar and wire rod market have not seen any significant price changes over the week ended Monday June 25 amid limited trading activity.Some participants from the Middle East and Africa returned to the market by the middle of last week after the Eid-al Fitr celebration, marking the end of the Islamic holy month of Ramadan, while some are returning to business only this week so purcha...Read More
China's domestic hot-rolled coil prices have fallen to their lowest in a month on Tuesday June 26 following successive days of decreases.DomesticEastern China (Shanghai): 4,230-4,240 yuan ($647-649) per tonne, down 30 yuan per tonneNorthern China (Tianjin): 4,120-4,140 yuan per tonne, down 30 yuan per tonneHRC futures declined for a fourth day and ended at a month's low, which continued to put pre...Read More
The latest metal markets news and price moves for the start of the North American day on Tuesday June 26. Nickel prices on the London Metal Exchange were down by more than 3% at the close of trading on Monday June 25, while other base metals prices also slumped. Here's how LME prices looked at 12:36pm in London. Hassan...Read More
The European charge and high carbon ferro-chrome benchmark has settled at $1.38 per lb for the third quarter of 2018. The settlement represents a reduction of 4 cents compared with the second quarter of the year. Metal Bulletin reported on June 18 that the widely-anticipated price reduction would be smaller than early estimates, due to rising spot ferro-chrome prices in Europe and China. Metal Bul...Read More
Prices for vanadium pentoxide (V2O5) jumped in China and Europe in the week ended Friday June 22, buoyed by tight supply in the spot market, while US ferro-vanadium quotations stabilized though low availability persists there. China's vanadium export prices jump on domestic tightnessEuropean vanadium market moved higher owing to tight spot cargoes US ferro-vanadium market largely was stable,...Read More
LONDON, June 26 (Reuters) - Orion Resource Partners is raising up to $500 million in a fund financing potash, tungsten and iron ore mines, sources close to the matter said, meeting miners' need for funding and investors' appetite for long-term assets.Miners are turning to alternative sources of finance as the industry has struggled to woo back traditional financiers, even though commodity prices a...Read More
Ferro-chrome prices are rising in China amid domestic smelters shutdowns and South African supply concerns. Domestic ferro-chrome production shutdowns push up alloy prices in China South African charge chrome prices jump Ore prices continue to edge higher No impact from China tightness on Japan, South Korea European prices hold at 2018 high Imported ferro-chrome prices kept rising in China on Frid...Read More
Turkish steel producers extended their silence in the deep-sea scrap markets on Tuesday June 6 amid ongoing uncertainty, given the general elections that took place in the country this past weekend.Most market participants believed that the mills in Turkey would remain out of the deep-sea markets until next week, at which point they are expected to start bookings for August deliveries."The mills a...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 Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines, sold at $62.92 per tonne cfr China,...Read More
Gold futures continues to trade under pressure, and as of 3:15 PM Eastern standard time is currently trading down $8.50 at $1,260.40. Today's lower pricing is a combination, a one-two punch, of sellers and strong U.S. dollar. The dollar is currently up 43 points (+0.47%) at 94.385. After testing and unsuccessfully trading above the current resistance at 95, the dollar traded under pressure for the...Read More
(Kitco News) - Gold and silver prices are weaker in early-afternoon U.S. trading Tuesday. However, prices have moved well up from their daily lows that saw gold hit a six-month low and silver hit a seven-week low. A surge in Nymex crude oil prices above $70.00 did helped to lift gold and silver markets up from their session lows just before midday. August gold futures were last down $6.90 an ounce...Read More
Iron ore prices remained rangebound on Tuesday June 26, with the sudden depreciation in the yuan's value against the US dollar causing some jitters in the market.Metal Bulletin 62% Fe Iron Ore Index: $66.62 per tonne cfr Qingdao, up $1.13 per tonneMetal Bulletin 58% Fe Premium Index: $52.77 per tonne cfr Qingdao, down $0.29 per tonneMetal Bulletin 65% Fe Iron Ore Index: $90.40 per tonne cfr Qingda...Read More
The seaborne coking coal market softened on Tuesday June 26, with some sellers heard to have lowered their offers.A cargo of premium mid-vol materials with a mid-July laycan was heard offered "below $200 per tonne cfr China," a mill source in northeast China said. "Sentiment is not too good now. We want to wait a...Read More
Trade...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 it’s published.Subs...Read More
Brazilian iron ore pellet producer Samarco has reached a final agreement with Brazilian authorities and its shareholders - Vale and BHP - to settle legal action that resulted from a tailings dam disaster in 2015. The agreement was signed by Samarco, Vale, BHP, and the Brazilian prosecution offices of the federal government and the states of Minas Gerais and Esp?-rito Santo, as well as other govern...Read More
HOUSTON (Reuters) - The United States risks losing time and competitiveness the longer it continues its trade spat with Mexico and Canada and fails to focus on threats from China, a U.S. central banker said on Tuesday.“Intellectual property rights and technology transfer are very big issues, where China is using the joint ventures to get technology and then compete globally,” U.S. Dall...Read More
China's ferrous futures tumbled in the first hour of trading on Tuesday June 26 but went on to recover most of those losses before the end of the morning session. Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,681 yuan ($563) per tonne, down 9 yuan per tonne October hot-rolled coil: 3,812 yuan per tonne, down 9 yuan per tonne Dalian Commodity Exchange September...Read More
Backwardation continues to weigh on European...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 is...Read More
Bulls are exiting from “stale” positions in gold futures, says INTL FCStone. The market is sliding and has lost the upward momentum from earlier in the year. INTL FCStone analysts say “we are quite surprised to see a big selloff hitting gold,” with prices falling to a six-month low. “The fact that the precious metal has not been moving higher despite falling global eq...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 Tinto, tender, 190,000 tonnes of 61% Fe Pilbara...Read More