Lower November ferro-chrome tender prices from major stainless steel mills caused ore and alloy markets to stall or weaken in the regions Fastmarkets follows in the week ended Friday October 26. UG2 chrome ore prices stall, Turkish lumpy chrome ore prices dropChinese domestic spot ferro-chrome prices pauseCharge chrome import prices weakenAlloy prices hold in Japan, South KoreaAlloy prices weaken...Read More

Chinese ferro-silicon prices held firm, with market participants awaiting further direction from November tender purchase prices, while the European and US spot markets continued to suffer from inactivity amid 2019 contract negotiations. Chinese domestic market awaits November tender prices for direction Chinese export offers flat on inactivity European ferro-silicon market dips to new...Read More

Baowu Steel Group Corp, China's largest steelmaker, reported increases in its net profit and revenue for the first nine months of 2018.Its net profit during the January-September period totaled 15.75 billion yuan ($2.26 billion), up 35% from 11.67 billion yuan a year earlier, according to the mill's latest financial report released late on Monday October 29.Its revenue increased by 1% to 225.32 bi...Read More

Vanadium prices in Europe and the United States continued their upward run in the week ended Friday October 26, amid constrained supply, while Chinese export activity fell dormant with prices remaining at a premium to the global markets. Chinese export price stabilizes on weak buying interest amid premium offer prices EU FeV prices firm despite limited activity EU V2O5 prices strengthen on renewed...Read More

CIS export slab prices continued to trend downward in the week ended Monday October 29, because there was no support in most of the customers' markets.Recent offers from Russsia's major slab producer were heard at $465 per tonne fob Black Sea.Customers in Turkey were ready to pay around $470 per tonne cfr for CIS-origin slab, which would be equivalent to $450-455 per tonne fob Black Sea.Meanwhile,...Read More

Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Tuesday October 30, with broad strength in the US dollar index prompting sharp drops in the three-month copper and zinc prices, while aluminium drifts to levels unseen since August 2017.Reaching a low of $1,966 per tonne, the three-month aluminium price has come under increased pressure over the latter hal...Read More

The Turkish deep-sea scrap market was quiet on Tuesday October 30 with the country's steel mills staying out of the market due to the firm prices on offer, sources said.The mills have booked a number of cargoes over the past week, pushing prices upward.The latest deals put the price for HMS 1&2 (80:20) from the Baltic Sea region at $335 per tonne cfr.But...Read More

The latest news and price moves to start the Asian day on Wednesday October 31.Base metal prices on the London Metal Exchange were mostly lower at the close of trading on Tuesday October 30, with broad strength in the US dollar index prompting sharp drops in the three-month copper and zinc contract prices while aluminium drifted to levels not seen since August 2017. Read more in our live futures r...Read More

The latest metal markets news and price moves to start the North American day on Tuesday October 30.Base metal prices on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Tuesday October 30 due to a firm dollar index, with nickel the only metal to gain on investor dip-buying.A firm dollar put downward pressure on the SHFE base metals this morning. The dollar index ha...Read More

Good morning from Fastmarkets' offices in Asia, bringing the latest news and pricing stories on Tuesday October 30. Base metal prices on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Tuesday October 30 due to a firm dollar index, with nickel the only metal to gain on...Read More

Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Tuesday October 30, with broad strength in the US dollar index prompting sharp drops in the three-month copper and zinc prices, while aluminium drifts to levels unseen since August 2017.Reaching a low of $1,966 per tonne, the three-month aluminium price has come under increased pressure over the latter hal...Read More

London Metal Exchange members will be permitted to clear via London even if no Brexit deal is reached, although it remains unclear whether this reprieve would also apply in the event of Brexit being agreed with a deal on March 29, 2019.European Commission vice-president Valdis Dombrovskis said in media reports on Tuesday October 30 that the move was designed to ensure a catastrophic impact on clea...Read More

Comex copper prices tumbled to a mid-September low on October 30 morning in the US amid rising bearish sentiment in the equity market, a rising dollar and ongoing worries regarding the trade war between the US and China.The copper price for December settlement on the Comex division of the New York Mercantile Exchange tumbled 5.70 cents to $2.6835 per lb. Earlier in intraday trading, the contract h...Read More

* RBI "looked the other way" when banks lent excessively - Jaitley* Banks lent indiscriminately in 2008-2014 - Jaitley* Comments come after RBI official's call for more independence (Updates with quotes, background, details)By Manoj Kumar and Suvashree ChoudhuryNEW DELHI/MUMBAI, Oct 30 (Reuters) - India's Finance Minister Arun Jaitley blamed the Reserve Bank of India on Tuesday for failing to stop...Read More

* Trump expects "great deal" with China, but more tariffs if not* IEA's Birol says fuel demand could take a hit* US crude stocks up 5.7 mln bbls, more than forecast-API (Adds API data on U.S. crude inventories)By Stephanie KellyNEW YORK, Oct 30 (Reuters) - Oil prices dropped more than 1 percent on Tuesday on signs of rising supply and concern that global economic growth and demand for fu...Read More

NEW DELHI, Oct 30 (Reuters) - India's finance minister Arun Jaitley criticised the Reserve Bank of India (RBI) for failing to prevent lending excess in a speech on Tuesday."The central bank looked the other way when banks gave loans indiscriminately during 2008 to 2014," Jaitley said while speaking at an event in New Delhi.Tensions between the finance ministry and the RBI have risen since the bank...Read More

Investing.com - Gold prices fell on Tuesday as the safe haven demand for the dollar was boosted by concerns over the pending trade dispute between the U.S. and China.At 10:25 AM ET (14:25 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange lost $6.80, or 0.55%, to $1,225.80 a troy ounce.Meanwhile, the U.S. dollar index, which measures the greenback&rs...Read More

* European stocks stumble back into the red* French consumer spending data, Italian GDP weighs* Dollar at 2 1/2-month high, Wall Street futures point higher* Yuan at 10-year low, metals sink on trade war worries* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Marc JonesLONDON, Oct 30 (Reuters) - European shares laboured in the red and China's yuan hit a 10-year low on Tuesday as the pr...Read More

Prices for rebar imported into the United Arab Emirates decreased in the week to Tuesday October 30 with demand remaining weak.The billet import market was also slow because the mills in the UAE have enough billet in stock to last for more than two months, sources told Fastmarkets.Domestic rebarLocal producers were still offering rebar at 2,016 dirhams ($549) per tonne ex-works this week.And Fastm...Read More

London Metal Exchange members will be permitted to clear via London even if no Brexit deal is reached, although it remains unclear whether this reprieve would also apply in the event of Brexit being agreed with a deal on March 29, 2019.European Commission vice-president Valdis Dombrovskis said in media reports on Tuesday October 30 that the move was designed to ensure a catastrophic impact on clea...Read More