Vanadium trade log including business, bids and offers reported to Fastmarkets MB.To view the latest price quotations, click the links below:Europe- Ferro-vanadium delivered duty-paid in Europe- Vanadium pentoxide in-warehouse RotterdamChina- Ferro-vanadium, 78% min, fob China, $ per kg V- Vanadium pentoxide, 98% min, fob China, $ per lb V2O5Wednesday October 17Ferro-vanadium - Prices indicated at...Read More
China's metallurgical coke market experienced a rapid rebound in October following losses a month earlier.East China's Rizhao Iron & Steel and north China's Hesteel - two major buyers of coke in the country - had both lowered their purchase prices in mid- and late-September, cuts that amounted to 200-230 yuan ($29-33) per tonne.Those followed six rounds of increases totally about 640 yuan per tonn...Read More
Seaborne iron ore prices were rangebound on Thursday October 18, with the market showing signs of cooling off from Wednesday's bullishness.MB 62% Fe Iron Ore Index: $73.58 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Pilbara Blend Fines Index: $72.61 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $78.60 per tonne cfr Qingdao, down by $0.15 per tonne.MB...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 oreBHP, Global Ore, 90,000 tonnes of 62% Newman fines, sold at...Read More
Participants remain divided over how they think the seaborne coking coal market would trend following a recent price surge.The MB Premium Hard Coking Coal Index fob Australia breached the $220-per-tonne mark on Wednesday October 17, its highest since March 12 this year. The index was unchanged on Thursday, at $222.71 per tonne, with no trades confirmed by the data collection cut-off time for the d...Read More
China's ferrous futures ended morning trading slightly higher than their opening prices on Thursday October 18, having been trending downward since during Wednesday night's session. Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,168 yuan ($602) per tonne, up 3 yuan per tonne January hot rolled coil: 3,921 yuan per tonne, up 2 yuan per tonne Dalian Commodity Exc...Read More
The latest news and price moves to start the Asian day on Friday October 19.Base metal prices on the London Metal Exchange fell at the close of trading on Thursday October 18 due to a firmer US dollar index, although zinc was relatively steady thanks to low stocks and the threat of more sanctions by the United States. Read more in our live futures report.Here are how prices looked at the...Read More
Vale's cobalt production fell 31% in the third quarter of 2018 mainly due to decreased output from its Sudbury and Voisey's Bay operations. Vale produced 1,028 tonnes of cobalt in the three months to the end of September compared with 1,489 tonnes in the same quarter of 2017. A 22.5% fall in third-quarter production from Voisey's Bay to 371 tonnes from the previous quarter was caused by scheduled...Read More
Ningxia Tianyuan, the world's largest manganese flake producer, is expected to resume production at its 800,000-tonne-per-year capacity site in December, sources told Fastmarkets MB. The company is currently operating at a reduced capacity of 600,000 tpy after it suspended one of its production lines in May, according to the sources. Ningxia Tianyuan, which accounts for around 40% of global mangan...Read More
Chinese cobalt metal and salts prices fell in the midweek pricing session following an 17.8% drop in local futures contract prices, which dented buying sentiment. Fastmarkets MB's Chinese domestic cobalt metal price fell by 3.6% to 450,000-490,000 yuan per tonne ($25.52-27.68 per lb, China-VAT free) on Wednesday October 17, from 475,000-500,000 yuan per tonne on Friday. Market participants at...Read More
Import prices for stainless steel in East Asia fell over the past week amid sluggish regional demand and the emergence of lower offers.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil was $2,050-2,150 per tonne cif East Asian ports for the week ended Wednesday October 17, down $10-50 per tonne from a week earlier.Fastmarkets MB's assessment of import prices f...Read More
China's domestic stainless steel prices moved down over the past week amid low demand and high inventory levels. Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 15,600-15,900 yuan ($2,252-2,296) per tonne including VAT for the week ended Wednesday October 17, down 200 yuan per tonne from a week earlier.Demand remained soft over the pas...Read More
Three-month base metals prices on the London Metal Exchange were for the most part firmer with gains averaging 0.6% on the morning of Friday October 19, but this follows a general down day on Thursday, when the complex closed down by an average of 0.8%. This morning, prices range from slightly lower on lead to up by 2.1% for nickel, while copper is up by 0.7% at $6,174 per tonne. Volume has been a...Read More
Buyers have been bidding up gold to higher values over the last two days, although you would never would that by looking at the net change in prices. Renewed and elevated concern over the trade dispute that is now being labeled as a trade war between the United States and China has continued to be highly supportive of the U.S. dollar. Geopolitical concerns about Saudi Arabia, concerning the disapp...Read More
NEW YORK (Reuters) - The U.S. dollar rose to one-week highs against the euro on Thursday after the European Commission said Italy’s 2019 budget draft is in serious breach of EU budget rules.The step prepares the ground for what would be an unprecedented rejection of a member state’s fiscal plan.The euro EUR= tumbled to $1.455, its lowest against the greenback since Oct. 9, on the new...Read More
(Reuters) - U.S. stocks sank more than 1 percent on Thursday as weak industrial earnings raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve’s minutes.The markets hit session lows after U.S. Treasury Secretary Steven Mnuchin pulled out of a conference in Saudi Arabia, as the Trump admin...Read More
(Kitco News) - Gold prices are trading modestly higher in early-afternoon U.S. trading Thursday. Today, a host of worries on the geopolitical front rose to the surface to put strong pressure on the U.S. stock market and produce some safe-haven demand for gold, which began to surface in late-morning action. December gold futures were last up $3.00 an ounce at $1,230.50. December Comex silver was la...Read More
(Kitco News) - Investors in China need to allocate up to 6% of their portfolios to gold, according to the World Gold Council (WGC), which sees the yellow metal as minimizing the negative effects of volatility.Chinese traders have had a tough year, with losses in both the equity and bond market spaces, said WGC Investment director Fred Yang.“China’s leading index, the CSI 300, has under...Read More
Iamgold Corp. (TSX: IMG; NYSE: IAG) is upbeat about results from a 2018 drilling program at the Diakha deposit on the Siribaya project in western Mali. Officials report assay results for 100 drill holes totaling 14,634 meters. Among the highlights are five infill drill holes with gold grading anywhere from 1.61 grams per tonne to 10.15, as well as three expansion holes ranging from 1.39 to 12.46 g...Read More
(Kitco News) - Gold prices ticked up after the index for current general activity in the Philadelphia Federal Reserve’s manufacturing business outlook survey posted a decline to 22.2 in October following a rebound to 22.9 in September, suggesting slightly slower economic growth. The consensus expectations compiled by news organizations were for a reading of somewhere around 19.7.Gold prices...Read More