Big gains in the billet market over the weekend gave support to tender prices on the seaborne iron ore market on Monday April 2, though premiums for the most-liquid Pilbara Blend fines continued to weaken.Metal Bulletin 62% Fe Iron Ore Index: $65.80 per tonne cfr Qingdao, up by $0.81 per tonne Metal Bulletin 58% Fe Premium Index: $52.49 per tonne cfr Qingdao, up by $0.49 per tonne Metal Bulletin 6...Read More
The seaborne coking coal market was quiet on Monday April 2 with prices for premium hard coking coal falling by 5% - about $10 per tonne - over the past week. Metal Bulletin's fob Australia Premium Hard Coking Coal Index ended the day at $193.05 per tonne, while the cfr China index was at $195.78 per tonne, both unchanged from last Thursday.The indices were not published last Friday due...Read More
China's hot-rolled coil prices gained some strength on Monday April 2 though trading thinned after the paper market lost its steam during the day.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($615-618) per tonne, up 40 yuan per tonneNorthern China (Tianjin): 3,850-3,870 yuan per tonne, up 60 yuan per tonneHRC prices increased after the futures contract for the flat steel product opened high....Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Monday April 2.Base metals traded on the Shanghai Futures Exchange were all higher during Asian morning trading but gains were somewhat limited in some of the metals following the release of two sets of Chinese manufacturing data showing mixed results. China's Caixin manufacturing purchasi...Read More
Regardless of the merits or demerits of the Amazon business model, prosecutors could bring a case against "bigness" per se as an example to the rest of Corporate America and to demonstrate that the antitrust laws are an effective government tool.And it all begins with a letter.Antitrust suits do not start with full-blown litigation on day one. They begin with a letter of inquiry. This notifies the...Read More
President Trump has ratcheted up his war of words against Amazon.Late last week, Trump tweeted that Amazon is having a negative impact on competing retailers, as well as the federal and local governments:I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tr...Read More
Big gains in the billet market over the weekend gave support to tender prices on the seaborne iron ore market on Monday April 2, though premiums for the most-liquid Pilbara Blend fines continued to weaken.Metal Bulletin 62% Fe Iron Ore Index: $65.80 per tonne cfr Qingdao, up by $0.81 per tonne Metal Bulletin 58% Fe Premium Index: $52.49 per tonne cfr Qingdao, up by $0.49 per tonne Metal Bulletin 6...Read More
The seaborne coking coal market was quiet on Monday April 2 with prices for premium hard coking coal falling by 5% - about $10 per tonne - over the past week. Metal Bulletin's fob Australia Premium Hard Coking Coal Index ended the day at $193.05 per tonne, while the cfr China index was at $195.78 per tonne, both unchanged from last Thursday.The indices were not published last Friday due...Read More
China's hot-rolled coil prices gained some strength on Monday April 2 though trading thinned after the paper market lost its steam during the day.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($615-618) per tonne, up 40 yuan per tonneNorthern China (Tianjin): 3,850-3,870 yuan per tonne, up 60 yuan per tonneHRC prices increased after the futures contract for the flat steel product opened high....Read More
Peter KrauthGold prices took a hit last week, giving back most of the previous week's gains, but that was only a temporary pullback.After the best week in nearly two years, the price of gold took a hit after a small relief rally in the U.S. dollar.But the dollar's strength won't last much longer.The dollar is likely still in the midst of a longer-term bear market, and bouts of strength tend to be...Read More
China's rebar prices experienced big gains on Monday April 2, especially in the domestic segment, following a surge in the billet market over the weekend.Domestic Eastern China (Shanghai): 3,700-3,740 yuan ($589-595) per tonne, up 140-150 yuan per tonneNorthern China (Beijing): 3,780-3,800 yuan per tonne, up 60-70 yuan per tonneBillet prices rose sharply during the weekend due to strong demand, wh...Read More
The Chinese silicon export market weakened further this past week, with exporters again lowering their quotations to attract business amid continued sluggish demand.The Chinese grade 553 silicon export price slipped to $1,940-1,980 per tonne on Friday March 30, from $1,960-2,000 per tonne a week earlier. The majority of quotations that buyers received from Chinese suppliers were around $1,950 per...Read More
Copper stocks in the Shanghai-bonded zone rose amid a closed import arbitrage while nickel and zinc stocks fell in March, according to Metal Bulletin's assessments.Copper Copper stocks in Shanghai-bonded warehouses were at 500,000-510,000 tonnes on Monday March 26, up from 460,000-470,000 tonnes a month earlier, according to Metal Bulletin's assessment. Import arbitrage opportunities bef...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Monday April 2.Base metals traded on the Shanghai Futures Exchange were all higher during Asian morning trading but gains were somewhat limited in some of the metals following the release of two sets of Chinese manufacturing data showing mixed results. China's Caixin manufacturing purchasi...Read More
Base metals traded on the Shanghai Futures Exchange were all higher during Asian morning trading on Monday April 2, but gains were somewhat limited in some of the metals following the release of two sets of Chinese manufacturing data showing mixed results.The most-traded copper contract on the SHFE was at 50,210 yuan ($7,994) per tonne as of 10.56am Shanghai time, up by 30 yuan per tonne from Frid...Read More
Demand for flat steel in Turkey will remain moderate through April; and no price increases are expected, because end-user demand is not strong, market participants told Metal Bulletin. "Everyone expects prices to fall, but if demand from Europe remains good, producers may not decrease [their prices]. The market is uncertain for now," one market participant said on Thursday March 29. "Prices need t...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: Hot-rolled coilHot-rolled coilEast China,...Read More
With competition in the global steel markets remaining fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in March 2018.The case list below includes only updates. For other continuing cases...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet China,...Read More
Chinese tungsten concentrates market continued to fall, and exporters in ammonium paratungstate (APT) and ferro-tungsten markets adjusted offers lower accordingly. European ferro-tungsten went down again, but APT was flat over the past two weeks. Expectations that more miners will restart press down the tungsten concentrates prices in China Buying interest in APT decreased European mar...Read More