Base Metal Stocks Articles

TURKEY FERROUS SCRAP: Prices fall on downbeat demand

September 03, 2019 / Staff reporter

Domestic prices for auto bundle steel scrap and shipbreaking scrap in Turkey have decreased because of poor demand, sources said on Monday September 2.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,520-1,770 ($260-303) per tonne on September 2, widening downward from last week's TRY1,580-1,770 per tonne.A number of steel mills have dec...Read More

IRON ORE DAILY: Iron ore prices move back above $90/t

September 03, 2019 / Staff reporter

Physical iron ore prices surged on Monday September 2 on news that Chinese mills were likely to face 'looser' production restrictions in the September-October period.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90.58 per tonne, up by $5.92 per tonne.62% Fe Pilbara Blend Fines, cfr Qingdao: $90.97 per tonne, up by $5.93 per tonne.62% Fe low-alumina fines, cfr Qingdao: $87....Read More

Tacora ships first iron ore concentrate cargo

September 03, 2019 / Staff reporter

Iron ore miner Tacora Resources (Tacora) shipped its first iron-ore concentrate cargo from its Scully Mine from the Port of Sept-Iles in Quebec, Canada, the company announced on Friday August 30.The MV Rio Tamara was loaded with 69,770 tonnes of high-grade iron ore concentrate - branded "Tacora Premium Concentrate" - which has more than 65% iron content, the company said.The shipment will be deliv...Read More

COKING COAL DAILY: Seaborne prices have steady start to September

September 03, 2019 / Staff reporter

Seaborne coking coal prices were stable on Monday September 2, after a month of sharp decreases in August. Fastmarkets indicesPremium hard coking coal, fob DBCT: $154.01 per tonne, unchanged Premium hard coking coal, cfr Jingtang: $167.54 per tonne, unchanged Hard coking coal, fob DBCT: $134.01 per tonne, unchangedHard coking coal, cfr Jingtang: $153.75 per tonne, unc...Read More

Seaborne iron ore concentrate, pellet values dip amid general retreat in prices

September 03, 2019 / Staff reporter

Seaborne iron ore concentrate and pellet prices continued to fall last week amid a general decline in prices across the iron ore market.ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao was at $89.25 per tonne on Friday August 30, down $3.87 per tonne from the previous week. The price movement was based on the visible market activity detailed below, w...Read More

China Minmetals wins auction for entire Fanya antimony stock for $76mln

September 03, 2019 / Staff reporter

China Minmetals Rare Earth Co Ltd has won 18,661 tonnes of antimony ingots held by the defunct Fanya Metal Exchange in an auction that ended at 10am Beijing time on Sunday September 1.As the only bidder at the auction, it came as no surprise that China Minmetals won the auction of the entire antimony stock at a price of around 546 million yuan ($76.28 million), according to the official auction re...Read More

COBALT HYDROXIDE SNAPSHOT: Payables, index up on healthy demand, rising metal price

September 03, 2019 / Staff reporter

Key data from the Friday August 30 pricing session in Shanghai and London. Key driversCobalt hydroxide payables rose in the second half of August following news that Glencore will close its copper-cobalt Muntanda mine by the end of this year.Demand increased when consumers intended to secure units before the hydroxide price...Read More

GLOBAL SILICON SNAPSHOT: Chinese price up on supply tightness; Europe 4-4-1 suffers from weak demand

September 03, 2019 / Staff reporter

Key data from the pricing sessions in London and Shanghai in the week ended Friday August 30. China Key drivers The Chinese export silicon price moved up for the second consecutive week in response to tight supply in domestic market due to increased buying from Chinese secondary aluminum alloy producers who are ramping up production before China's National Day holiday (October 1-7) when prod...Read More

PRICING NOTICE: Proposal to discontinue 5 precious metals prices

September 03, 2019 / Staff reporter

Fastmarkets proposes to discontinue five of its precious metals prices to focus attention on our core markets. The prices being proposed for discontinuation are as follows:Platinum min 99.9% Europe Free Market $ per troy oz in warehousePalladium min 99.9% Europe Free Market $ per troy oz in warehouseRhodium min 99.9% Europe Free Market $ per troy oz in warehouseIridium ingot min 99.9% Europe Free...Read More

GLOBAL ANTIMONY SNAPSHOT: Chinese prices continue fall; European traders reluctant to cut offers

September 03, 2019 / Staff reporter

Key data from the pricing sessions in Asia and Europe during the week ended Friday August 30.ChinaKey drivers The price for antimony, MMTA standard grade II, ddp China, continued to soften over the week after some domestic suppliers slashed their offer prices further to encourage sales amid sluggish demand. A few Chinese antimony producers, which refused to make a further compromise on the prices...Read More