The manganese ore price-trend outlook was firmly above $8 per dry metric tonne unit (dmtu) on Friday March 9, while producers reckon consumer interest will act as support, though there was a downbeat assessment among consumers. Ore producers say they are sold out through April But Chinese consumers signal otherwise Europe holds, awaits quarterly deals US markets held in rangesMajor manganese ore p...Read More
The prices for imported rebar in the United Arab Emirates and Saudi Arabia increased this week with higher offers, but demand for imports was still very low, sources told Metal Bulletin on Tuesday March 13.Demand for locally produced rebar in the UAE, however, remained strong.Domestic rebarThe major rebar producers in the UAE rolled over their prices for March and April production late in February...Read More
Cross-border trading, which makes up a significant portion of the volume of the futures industry, is becoming increasingly more challenged, according to Futures Industry Association (FIA) president and chief executive officer Walt Lukken.This is one of several unintended consequences of solving the global financial crisis of 2008-09 that is having a negative impact on futures markets, Lukken said,...Read More
China is set to dominate global financial trading in the next decade, with that country finally opening up direct access to its futures markets while deepening its footprint further in the West, according to Futures Industry Association (FIA) president and chief executive officer Walt Lukken. While China's potential to play a major role in the financial markets has been long-documented, the countr...Read More
A summary of base metals premiums across the globe for the week to Tuesday March 13.Click on...Read More
Early starts to the slew of labor negotiations due at Chilean copper mines this year could mitigate the risks to supply, Antofagasta chief executive officer Iv??n Arriagada said today.Arriagada added that he was positive of the company's own negotiations with miners at its Los Pelambres project."What we've seen, which is positive, is that many companies have advanced negotiations, which has given...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday March 13* Copper -$111.71 (-708.72 yuan) Aluminium -$446.11 (-2,830.28 yuan) Zinc -$94.05 (-596.69 yuan) Nickel -$517.84 (-3,285.41 yuan) *Metal Bulletin calculates the physical...Read More
Import volumes of steel products from China into Latin American countries dropped by 50% year-on-year in January, according to figures released by regional steel association Alacero on Tuesday March 13.Latin America imported 412,000 tonnes of steel from China during the month, compared with 822,000 tonnes a year before.Meanwhile, China's total steel exports decreased by 39% to 4.40 million tonnes...Read More
Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) forecasts a rise in special steel long product demand and prices in 2018, the company said after reporting successful results for 2017.Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) forecasts demand and price growth for special steel long products in 2018, the company said after reporting successful result...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. ...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 transactions: HRC, CRC, HDGHot-rolled coilIndia, export, hot-rolled coil (2mm), offered at $640-650 per tonne cfr, to the UAE. China, export, hot-rolled coil (2mm), offered at $620-630...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebar Turkey, export, rebar, offered at $615-620 per tonne cfr on theoretical weight basis, to...Read More
The latest metal markets news and price moves to start the North American day on Tuesday March 13. Base metals prices on the London Metal Exchange edged higher during morning trading, with most metals recovering from Monday's lull."The LME complex is a mixed bag with zinc and nickel finding some [arbitrage]-related buying and aluminium [finding] some light consumer demand to help lift [prices] off...Read More
Upper group two (UG2) chrome ore and charge chrome prices were firmer on good demand and appreciation of the South African rand, while Asian ferro-chrome prices were mixed and US and European ferro-chrome prices were stable. UG2 chrome ore and charge chrome prices rise in ChinaChine ferro-chrome prices widen as stocking activity continues in East and South ChinaEurope and US ferro-chrome prices st...Read More
Due to an administration error, the Metal Bulletin 44% manganese ore index was calculated incorrectly on March 9. Metal Bulletin has corrected its 44% manganese ore index, which was published incorrectly on Friday due to an administrative error.It was incorrectly published at $8.81 per dmtu on Friday, which has now been corrected to 8.63 cents per dmtu. Metal Bulletin's price book a...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price quotations, follow the links below:China- APT, fob China- Ferro-tungsten, fob ChinaEurope- APT, cif Rotterdam- Ferro-tungsten, in-warehouse Rotterdam...Read More
Traders in China are playing a key role in continuing the rally in manganese ore prices, nearly two weeks after end-users met to agree a price ceiling, market sources told Metal Bulletin.Manganese alloy smelters held a meeting earlier this month and agreed not to buy ore above $8.00 per dry metric tonne unit (dmtu), on a cif basis in China. The agreement has so far failed to cap prices, which shot...Read More
The Chinese vanadium market edged upward despite limited trading activity, while the European and US ferro-vanadium markets surged on significant supply concerns. Chinese vanadium suppliers raise offers despite limited activity European market surges on increasingly tight supply US ferro-vanadium market strengthens again, supply squeeze supportsChinese ferro-vanadium export prices continued to tre...Read More
Iron ore prices stayed above $69 per tonne cfr China on Tuesday March 13 on a lack of trading activity. Metal Bulletin's 62% Fe Iron Ore Index Today: $69.78 per tonne cfr Qingdao Daily change: down by $0.15 per tonne Month-to-date average: $74.41 per tonne Metal Bulletin's 58% Fe...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...Read More