RAPAPORT... Alrosa's sales surged 38% to $504.5 million in January, as a strong holiday season boosted market sentiment. "We have seen good demand for the whole assortment of ourdiamond products," Yury Okoemov, deputy CEO of Alrosa, said Monday. "[Demand was]supported by positive trends in the major sales markets, backed by good retailsales results in 2017, including the Christmas season, and grow...Read More
(IDEX Online) - Mountain Province Diamonds Inc. said its recently completed first diamond sale of 2018 produced the highest result to date in total dollar terms, with total sales of $27.3 million for an average value per carat of $78, and $83 on a normalized basis. Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku?(C) diamond mine located in Canada's Nort...Read More
MOSCOW – Russia's Alrosa said on Monday it had sold rough and polished diamonds worth $504.5-million in January.Rough diamond sales had amounted to $499-million and polished diamond sales to $5.5-million, it said in a statement.Advertisement“Earlier this year, we have seen good demand for the whole assortment of our diamond products," said deputy CEO Yury Okoemov."It was...Read More
Steel traders in Russia expect rebar producers to review their prices downward due to poor demand in the secondary market, Metal Bulletin has heard.In winter, construction activity is low in Russia because of the poor weather conditions, so demand for rebar normally falls.Metal Bulletin's price assessment for Russian domestic 12mm A500C rebar was 35,000-35,500 roubles ($603-612) per tonne cpt Mosc...Read More
RAPAPORT... India's gem and jewelry exports will grow by adouble-digit percentage this year, Pramod Agrawal, the newly elected chairman ofthe Gem & Jewellery Export Promotion Council (GJEPC), predicted this week. The high quality of Indian manufacturing and arecovery in US and European markets will drive the growth, Agrawal explained atthe Signature India International Jewellery Show (IIJS) in...Read More
(IDEX Online) - ALROSA sold $499 million of rough diamonds last month. ALROSA Deputy CEO Yury Okoemov said the miner saw "good demand for the whole assortment of our diamond products". It was supported by positive trends in the major sales markets backed by good retail sales results in 2017, including the Christmas season, and growing polished diamond prices in January," commented on the Ja...Read More
Turkish steel producers skipped Tuesday February 13 with no deep-sea bookings, amid high offer prices, market participants told Metal Bulletin.Scrap suppliers in the Baltic Sea region were heard offering HMS 1&2 (80:20) at around $355 per tonne cfr, but mills in Turkey were not willing to pay such high prices, sources said.The most recent deals, heard at the end of the last week, were from the Uni...Read More
The latest metal markets news and price moves to start the North American day on Tuesday 13 February.Aluminium prices on the London Metal Exchange have retreated from early morning highs after a significant delivery into LME-listed warehouses in Asia caused on-warrant stock to surge by 18%.The three-month price was trading at a high of $2,151 per tonne - a $27 per tonne increase compared to Monday...Read More
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Good morning from Metal Bulletin's offices in Shanghai as we bring you the latest news and pricing stories on Tuesday February 13.Base metals prices on the Shanghai Futures Exchange were broadly stronger during Asian morning trading on Tuesday, with nickel prices leading on the upside with a gain of 0.8%, while lead (-0.3%) was the only metal to lose ground.The May nickel contract on the SHFE stoo...Read More
Aluminium prices slumped last week With...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 a...Read More
SHANGHAI, Feb 13 (SMM) – Base metals futures on the SHFE performed strongly today with nickel leading the gains with some 2% rise. Copper was up 1.5% while aluminium and zinc climbed close to 1%. Lead, however, edged down slightly.Ferrous metals prices rose across the board as iron ore increased by over 1% and coking coal went up 0.6%. Hot-rolled coil was up 0.53% while rebar and coke inched...Read More
SHANGHAI, Feb 13 (SMM) – Base metals futures on the SHFE performed strongly today with nickel leading the gains with some 2% rise. Copper was up 1.5% while aluminium and zinc climbed close to 1%. Lead, however, edged down slightly.Ferrous metals prices rose across the board as iron ore increased by over 1% and coking coal went up 0.6%. Hot-rolled coil was up 0.53% while rebar and coke inched...Read More
SHANGHAI, Feb 13 (SMM) – Base metals futures on the SHFE performed strongly today with nickel leading the gains with some 2% rise. Copper was up 1.5% while aluminium and zinc climbed close to 1%. Lead, however, edged down slightly.Ferrous metals prices rose across the board as iron ore increased by over 1% and coking coal went up 0.6%. Hot-rolled coil was up 0.53% while rebar and coke inched...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points in pre-opening trade. AmerisourceBergen gained $12.00 to $101.45 on reports that Walgreen is in discussions to take over the company.ADT added $0.37 to $13.05 after RBC Capital initiated coverage with an Outperform rating. Target is $16.Under Armour jumped $1.12 to $14.30 after reporting higher than consensus...Read More
Aluminium Aluminium prices are consolidating, but direction is indecisive, favouring...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 a...Read More
SHANGHAI, Feb 13 (SMM) –Copper: Copper prices rebounded following the global stock market rally and further upward room remains. We see SHFE copper trading at 51,300-51,900 yuan/mt with LME copper at $6,850-6,900/mt today. In the physical market, thin trading liquidity may see spot discounts widen to 300-250 yuan/mt.Aluminium: The increase in LME aluminium inventory reflected growing Chinese...Read More
SHANGHAI, Feb 13 (SMM) – Strikes are expected to be the biggest factor affecting copper ore supply in 2018, with 30 labour negotiations already planned this year in Chile alone.In addition, such negotiation at Escondida scheduled in August and a share transfer programme at Grasberg would also create uncertainties over output at the world’s two largest copper mines.Following a decrease...Read More
Listen to this podcast on our site by clicking here or subscribe on iTunes here.Storm on the HorizonThe recent spike in volatility and market losses is likely just a passing squall, but there is something more lurking behind it, says Financial Sense's Jim Puplava.The nature of this shift lies in the beginning phase of a new bear market in bonds, which is remarkable because we haven'...Read More
SHANGHAI, Feb 13 (SMM) –Copper: Copper prices rebounded following the global stock market rally and further upward room remains. We see SHFE copper trading at 51,300-51,900 yuan/mt with LME copper at $6,850-6,900/mt today. In the physical market, thin trading liquidity may see spot discounts widen to 300-250 yuan/mt.Aluminium: The increase in LME aluminium inventory reflected growing Chinese...Read More