The Chinese antimony price continued to trend down for the fourth consecutive week amid persistently weak demand and abundant supply in the latest assessment period ended Wednesday March 20. Fastmarkets' price assessment for MMTA standard-grade II antimony, delivered duty-paid in China, fell 1.6% week on week to 45,000-46,000 yuan ($6,723-6,872) per tonne on Wednesday March 20, from 46,000-46,500...Read More
The Chinese ferro-silicon price was stable in the past week in line with fundamentals, while the downturn in the European price persisted against weak spot demand. China supported on lower production Europe drops to 2016 low with more weakness expected US market holds, weakness may loom ahead Chinese ferro-silicon prices have been steady in the past week in line with demand from steel...Read More
Long-term contract and import prices for ferro-chrome rose again in China in the week ended Friday March 22 on higher tenders from stainless steel mills and load shedding by South Africa electricity company Eskom. April tenders push up long-term contract prices in ChinaCharge chrome import prices rise on protracted power constraintsAlloy prices rise in South KoreaEuropean alloy prices flatline de...Read More
China's leading stainless steel mills announced increases in their April tender prices for high-carbon ferro-chrome by 300 yuan ($45) per tonne month on month on Friday March 22.The rises will be imposed by Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel, Fastmarkets heard.After this adjustment, Tisco's April tender price for high-carbon ferro-chrome will be 6,950 yuan ($1,038) per tonn...Read More
China's copper scrap imports in February dropped by 63% month on month and by half compared with February 2018, according to the latest Chinese customs data released on Monday March 25. China imported 64,622 tonnes of copper scrap in February 2019, a sharp drop of 63.5% from 176,900 tonnes in January. This was attributed to a fall in activity during the week-long Lunar New Year holiday in February...Read More
Sentiment soured – hiccup or turning point? There has been a feel-good factor pervading the base metals so far this year due to US-China trade optimism and Fed dovishness. But after poor economic data again last week, sentiment began to sour. This may prove transitory, however, as the fundamentals of the base metals generally remain tight, and demand should pick up to help highlight this in Q...Read More
Prices back under broad-based pressure on...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...Read More
Aluminium The initial buying pressure seen in the...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...Read More
Global growth concerns surge Weaker-than-expected manufacturing...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 dow...Read More
Prices now back in consolidation...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 as soon...Read More
Share this articleA 76-kg gold-rich specimen from the Beta Hunt mine in Western Australia. Source: RNC Minerals.RNC Minerals [RNX-TSX; RNKLF-OTCQX], aka Royal Nickel Corp., shares were active Tuesday March 26 after the company announced a $12 million bought deal financing, and a purchase option on a gold processing facility in Australia.RNC said the potential purchase of the Higginsville mill an...Read More
Fresh Ambatovy woes another reminder of HPAL frailties As the LME nickel price slipped below $13,000 per tonne last week in line with the risk-off sentiment that returned to the complex, this market is finding support from its own fundamentals in the form of still-falling stocks and fresh supply disruptions. On the latter point, we heard of a further 9% downward revision to Ambatovy’s annual...Read More
Impressive tin price resilience While most...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 issu...Read More
SHFE stock outflows may signal start...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 as s...Read More
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 as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS 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 lat...Read More
Three-month base metals prices on the London Metal Exchange had a mixed start to trading on Tuesday March 26 while recessionary fears subsided. The US 10-year bond yield has rebounded off the 2017 lows reached on Monday, providing global markets with some relief and allowing Asian equity indexes to trade confidently higher on the back of improved risk sentiment. In terms of volume, a total of 4,49...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points in pre-opening trade. Index futures were virtually unchanged following release of the February Housing Starts report at 8:30 AM EDT. Consensus was a slip to 1.218 million units from upwardly revised 1.270 million units in January. Actual was 1.162 million units.Bed Bath & Beyond gained $2.56 to $16.42 aft...Read More
Key data from the Friday March 22 pricing session in London.Key drivers - Some sellers continued to offer aggressively to get stock off their books, but others took a step back and held their offers within range. - Consumers were emboldened to bid aggressively after...Read More
Ukraine steelmaker Metinvest will redirect some of its merchant pig iron output to steel production, increasing slab and hot-rolled coil exports, chief executive officer Yuriy Ryzhenkov told Fastmarkets in an interview."This year we expect the increase of steel production at Ilyich [Iron & Steel Works] by 800,000 tonnes - that will lead to a reduction of our merchant pig iron sales," Ryzhenkov sai...Read More