Recent News

IRON ORE DAILY: Benchmark ends day up after mixed start to week

July 16, 2018 / www.metalbulletin.com

The physical iron ore markets were mixed on Monday July 16, with a few brands fetching higher prices at Chinese ports while seaborne cargoes performed worse in comparison....Read More

CHINA HRC: Buyers await new offers before committing

July 16, 2018 / www.metalbulletin.com

China's hot-rolled coil prices were mixed on Monday July 16 amid thin trading, with buyers taking a wait-and-see approach before most mills release their offers on Tuesday....Read More

Raptor fund profits from price volatility while sanctions swing metals complex in 2018

July 16, 2018 / www.metalbulletin.com

Base metal market volatility is here for the long haul, according to a fund that has banked profits from the violent sanction-led price swings that have characterized market movements in the first half of 2018. The Raptor Commodities fund, launched by Arion Investment Management in October 2017, has locked in returns of 6.98% since its inception, the company told Metal Bulletin in a recent intervi...Read More

Why You Should Discount Discounting

July 16, 2018 / www.diamonds.net

RAPAPORT... It used to be that price was determined by supply anddemand. That's no longer the case; price is now used as a marketing tool todrive sales. In a world dominated by the likes of Amazon and Zara, today'sconsumer is motivated by low prices and fast fashion. However, the assumption that fine jewelry retailers andbrands should adopt similar competitive pricing or discounting strategies iss...Read More

GLOBAL CHROME WRAP: Ore, alloy prices soften further amid subdued Chinese demand

July 16, 2018 / www.metalbulletin.com

Ferro-chrome prices continued to fall in China on Friday July 13 after smelters restarts boosted the domestic supply outlook. ...Read More

Swarovski Unites Its Lab-Grown Jewelry

July 16, 2018 / www.diamonds.net

RAPAPORT... Swarovski has transferred its lab-grown diamond line,Diama, to its Atelier Swarovski division as part of a restructuring of itsproducts. The move comes as part of the company's efforts toconsolidate all its "created-diamond" jewelry under one brand. The category waspreviously part of Swarovski Gemstones, which includes sapphires, rubies, topaz,smoky quartz and marcasite. Under the new...Read More

Victoria McKay to Leave London Diamond Bourse

July 16, 2018 / www.diamonds.net

RAPAPORT... Victoria McKay has resigned as chief operating officer of the London Diamond Bourse (LDB), the exchange said Monday. Executive assistant Stacey Aylott will become operationsmanager, taking over the day-to-day management of the bourse. McKay (pictured) - who held the position for six years - will remain with the boursein the short term to complete ongoing projects, such as moving the e...Read More

Second Edition of Bharat Diamond Week to Take Place From October 23-25

July 16, 2018 / www.idexonline.com

(IDEX Online) - The Bharat Diamond Bourse (BDB) in Mumbai, India, said it will be holding the second edition of its Bharat Diamond Week from October 8-10. The BDB said it aims to build on the huge success of the first Bharat Diamond Week, held from April 23-25, which saw more than 1,000 visitors from India and across the world who did business with 150 Indian exhibitors of polished goods. Bharat...Read More

IGI Italy Hosts First Alumni Association Meeting

July 16, 2018 / www.idexonline.com

(IDEX Online) - The International Gemological Institute (IGI) recently held its first alumni meeting for its Italy association since the launch of the program in 2017.  Designed to foster continuing education and promote professional collaboration, the meeting spotlighted achievements made by the association during its first year in market - as well as reinforced its objectives and membership...Read More

Talks to resolve Mount Polley copper mine strike resume this week

July 16, 2018 / www.metalbulletin.com

Discussions with representatives of unionized workers at the Mount Polley copper mine are scheduled to resume this week in a bid to resolve a near two-month strike, according to mine owner Imperial Metals Corp. ...Read More

SHFE vs LME physical arbitrage 16/07: Copper, aluminium, zinc, nickel

July 16, 2018 / www.metalbulletin.com

The arbitrage for copper, aluminium, zinc and nickel imported into China on Monday July 16*...Read More

NORTH AMERICAN MORNING BRIEF 16/07: LME zinc price falls 3%; China's HRC prices mixed; China's ferrous futures moving up

July 16, 2018 / www.metalbulletin.com

The latest metal markets news and price moves to start the North American day on Monday July 16....Read More

Chinese copper imports up 15% y-o-y in June; copper ore, concentrates soar by 25%

July 16, 2018 / www.metalbulletin.com

China imported 448,000 tonnes of unwrought copper and copper products in June, from 390,000 tonnes last June, according to preliminary data released by China Customs on Monday July 16. ...Read More

LIVE FUTURES REPORT 16/07: LME base metals pressured by trade woes, China economic slowdown; zinc price falls 3.2%

July 16, 2018 / www.metalbulletin.com

Zinc prices on the London Metal Exchange edged over 3% lower during morning trading on Monday July 16, weighed down by poor economic data from China amid growing unease surrounding the trade conflict between the US and China. ...Read More

Chinese aluminium exports up 34% y-o-y in June; global demand growth steady

July 16, 2018 / www.metalbulletin.com

Chinese exports of unwrought aluminium and aluminium products in June increased by 33.5% year on year and 5.2% in a month, according to preliminary Chinese customs data released on Friday July 13. ...Read More

Salzgitter submits offer to buy two ArcelorMittal EU flat steel sites

July 16, 2018 / www.metalbulletin.com

The executive board of steelmaker Salzgitter has submitted a purchase offer for a number of ArcelorMittal steelmaking sites in Europe, the German company said on Monday July 16....Read More

Italy anti-corruption probe into Ilva sale 'could be complete by end-July'

July 16, 2018 / www.metalbulletin.com

An investigation was begun last week by Italian anti-corruption authority ANAC into the intended sale of steelmaker Ilva, a tender for which was won by a consortium led by steelmaker ArcelorMittal in June 2017....Read More

CIS LONG STEEL: Prices under pressure from low demand

July 16, 2018 / www.metalbulletin.com

CIS export rebar and wire rod prices declined in the week ended Monday July 16 amid low demand in the major sales outlets as well as generally unfavorable market conditions for long steel products....Read More

Singapore rebar import prices stable as buyers resist higher offers

July 16, 2018 / www.metalbulletin.com

Singapore rebar import prices were stable this week, with buyers resisting higher offers in the spot market. ...Read More

CIS STEEL BILLET: Price downtrend persists amid lack of activity

July 16, 2018 / www.metalbulletin.com

CIS export billet prices continued to decline in the week ended Monday July 16 amid reduced buying activity in the major sales outlets....Read More

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