Base Metal Stock Articles

DAILY SCRAP REPORT: Newly heard trades raise indices on Turkish holiday

October 30, 2018 / Staff reporter

Turkish steel producers have continued to book cargoes in the deep-sea scrap trade, with two more transactions coming to light, pushing prices up further on Monday October 29.These two deals were heard on Friday after the data submission deadline for the day.A steel mill in the Iskenderun region booked a Baltic Sea cargo comprising HMS 1&2 (80:20) at $335 per tonne, shredded at $340 per tonne and...Read More

IRON ORE DAILY: Seaborne prices rangebound amid expectations of looser restrictions

October 30, 2018 / Staff reporter

Iron ore prices were largely steady on Monday October 29, with limited liquidity in the spot market amid expectations of a loosening of steelmaking restrictions in China.MB 62% Fe Iron Ore Index: $76.48 per tonne cfr Qingdao, unchanged.MB 62% Fe Pilbara Blend Fines Index: $75.51 per tonne cfr Qingdao, unchanged.MB 62% Fe Iron Ore Index-Low Alumina: $80.23 per tonne cfr Qingdao, down $0.17 per tonn...Read More

Steelmaking Raw Materials Trade Log, October 29, 2018

October 30, 2018 / Staff reporter

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 oreBeijing Iron Ore Trading Center (Corex), 20,000 tonnes of 61.82% Fe Pilbara...Read More

COKING COAL DAILY: Stagnant seaborne prices in China keep sellers at bay

October 30, 2018 / Staff reporter

Sellers of seaborne coking coal appear to be less willing to sell to the Chinese market, with cargoes of premium products fetching a higher fob Australia price than cfr China ones.A November-laycan cargo of a top Australian brand was traded at $219.50 per tonne cfr China while a December-laycan shipment of the same product changed hands at $220 per tonne cfr China. The last transaction involving t...Read More

Limited demand in China drives down iron ore pellet prices for third week

October 30, 2018 / Staff reporter

Seaborne iron ore pellet prices dipped for the third consecutive week on Friday October 26, on limited demand from China according to market participants.Fastmarkets' MB 65% Fe Iron Ore Pellet Index (MBIOI-PT) was $152.47 per tonne cfr China on Friday, down by $3.16 per tonne from a week earlier.The fall in the MBIOI-PT is based on the visible market activity detailed below.A 65% Fe Indi...Read More

China AM: Futures fall after central govt hits out at 'crude' measures to cut emissions

October 30, 2018 / Staff reporter

China's ferrous futures fell during morning trading on Monday October 29 after the central Chinese government voiced its objection over what it considered to be indiscriminate restrictions to cut emissions.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,168 yuan ($600) per tonne, down 34 yuan per tonneJanuary hot rolled coil: 3,854 yuan per tonne, down 41 yuan p...Read More

Rio Tinto's deal with Chinalco over Simandou stake lapses

October 30, 2018 / Staff reporter

A non-binding agreement between the Aluminum Corp of China (Chinalco) and Rio Tinto for the former to acquire the latter's entire stake in the Simandou iron ore project in Guinea has lapsed."Rio Tinto and Chinalco, who respectively own 45.05% and 39.95% of Simandou, will continue to work with the government of Guinea, in West Africa, to explore other options to realize value from the world-class S...Read More

SILICON SNAPSHOT: Chinese export price flat on weak demand; European price steady on oversupply

October 30, 2018 / Staff reporter

Key data from the pricing sessions in London and Shanghai on Friday October 26.China Compared with last week, stockpiling activity among traders eased. In addition, domestic consumption was stable due to there being enough stock in the downstream secondary aluminium alloys sector. Spot export deals were rare, but market participants suggested that momentum would be regained when consumers started...Read More

GLOBAL ANTIMONY WRAP: Chinese, European prices stable; weak demand persists

October 30, 2018 / Staff reporter

Global antimony continued to trade last week amid weak demand for the metal, with prices remaining unchanged in both China and Europe on scarce spot market activity.In China, Fastmarkets MB's price assessment for Chinese Minor Metals Trade Association (MMTA) standard grade-II antimony price, delivered, duty-paid, was 51,000-51,500 yuan ($7,341-7,412) per tonne on Wednesday October 24, unchang...Read More

Chinese cobalt metal price drops on lower offers for imported material; sulfate price trends lower

October 30, 2018 / Staff reporter

A lack of demand for imported cobalt material weighed on the Chinese domestic cobalt metal price last week, while the price for cobalt salts widened downward on lower offer prices in a weak market. Fastmarkets assessed the Chinese domestic cobalt metal price at 445,000-465,000 yuan per tonne ($25.07-26.20 per lb) on Friday October 26, down 2.2% from 450,000-480,000 yuan per tonne during the m...Read More