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, 110,000 tonnes of 62.8% Fe Newman fines, traded at the October average of a...Read More
Physical iron ore trading was lackluster on Monday September 10, although some index-linked cargoes of Australian fines were traded at slightly improved prices.Metal Bulletin 62% Fe Iron Ore Index: $67.81 per tonne cfr Qingdao, down by $0.67 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $66.84 per tonne cfr Qingdao, down by $0.67 per tonne.Metal Bulletin 62% Fe Iron Ore Index Low Alum...Read More
Following a one-month consultation period, Metal Bulletin launched two low-vol pulverized coal injection (PCI) indices on a cfr China and fob Australia basis on Monday September 10. The specifications are as follows: Metal Bulletin Low-Vol PCI Indices Location: cfr China and fob Australia Timing: Daily Currency: US$ per tonne Payment Terms: LC on sight Volatile Matter: 13% Ash: 9% Sulphur: 0....Read More
Metal Bulletin launched two daily low-vol pulverized coal injection (PCI) indices on Monday September 10 in response to market feedback on the need for references tracking this segment of the coking coal market.Metal Bulletin's cfr China Low-vol PCI Index stood at $141.05 per tonne during the day, while the fob Australia index was at $129.89 per tonne."There is appetite in China for mid-vol PCI th...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Monday September 10*Copper $19.76 (135.86 yuan) Aluminium -$813.21 (-5,591.7 yuan) Zinc $489.66 (3,366.97 yuan) Nickel $392.06 (2,695.88 yuan) *Metal Bulletin calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
China's hot-rolled coil prices were largely stable on Monday September 10 despite gains in the futures market, with demand remaining weak.DomesticEastern China (Shanghai): 4,400-4,420 yuan ($643-646) per tonne, unchangedNorthern China (Tianjin): 4,300-4,310 yuan per tonne, up 10 yuan per tonneHRC prices were largely unchanged amid "extremely thin" trading during the day, a Shanghai-based trader sa...Read More
The spot price for grade-553 silicon in the United States has continued to tumble, falling for a sixth consecutive month in American Metal Market's latest assessment, due to scrap metal-derived silicon supply piling up and buyers remaining disinterested in spot volumes.The grade-553 silicon price plunged to $1.27-1.29 per lb on Monday September 10, down 5 cents from $1.32-1.34 per lb in August. Th...Read More
Benchmark low-grade cobalt prices rose for the first time since April last week when consumers working with reduced stock levels came back to the spot market. Metal Bulletin assessed the low-grade cobalt price at $33.35-33.95 per lb, in-warehouse, on Friday September 7, up 0.7% from the midweek assessment."The real floor has been established. It all got a bit tense around $33-33.50," a producer sa...Read More
Key data from the pricing sessions in London and Shanghai on Friday September 7. China Chinese grade 553 silicon export prices were steady week on week, but they are still vulnerable due to weak consumption in both domestic and international markets. Spot inquiries are thin after Japanese buyers concluded purchases for materials for delivery in the fourth quarter; meanwhile, there is n...Read More
Antimony prices continued upward in Europe last week, with availability of material still a concern amid China's intensifying smuggling crackdown; prices in China followed international markets up despite continued weak demand. Metal Bulletin's price quotation for antimony with bismuth content below 100 ppm in-warehouse Rotterdam climbed to $8,400-8,600 per tonne on Friday September 7, up fro...Read More
Cobalt trade log including business, bids and offers reported to Metal Bulletin.Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back.Metal Bulletin prices Click here for Metal Bulletin's price assessment for low-grade cobalt, in-warehouse, $ per lb Click here for Metal Bulletin's price assessment for high-grade cobalt, in-warehouse, $ per lb In...Read More
Undeniably the most important economic data to be released this month is the U.S. Labor Department's jobs report which came out today. Economic estimates for new nonfarm jobs for the month of August came in at 190,000. The actual data released today came in above expectations and forecasts revealing that 201,000 new nonfarm jobs were added last month. These solid numbers are the last and most impo...Read More
(Kitco News) - With U.S. wage growth back in the game, the Federal Reserve could be on “auto-pilot” to raise rates, according to analysts, who worry what this might mean for gold.August’s employment data, which sent gold to daily lows of just below the $1,200 an ounce level on Friday, is likely to play a big role in gold’s price direction next week. December Comex gold futu...Read More
(Kitco News) - Wall Street and Main Street tilted toward bullish in the weekly Kitco News gold survey, although not by much, with the largest bloc of voters coming in at less than 50% in both polls.Gold was nearly unchanged for the week going into the New York trading session Friday, before falling modestly after the Labor Department reported that U.S. nonfarm payrolls rose by 201,000 during Augus...Read More
(Kitco News) - Since Vanguard announced a major restructuring of its Vanguard Precious Metal and Mining Fund (VGPMX) on July 27th, the sell-off in the GDX has increased much more than the selling in gold. The fund’s investment strategy is shifting from investing 80% in mining companies and 20% directly in precious metals, to 25% in mining companies and 75% broad global stock market exposure...Read More
(Kitco News) - Gold prices are modestly down in early U.S. trading Friday, following a U.S. employment report that was slightly stronger than market expectations. The U.S. dollar index rallied on the upbeat jobs data. December gold futures were last down $3.00 an ounce at $1,201.40. December Comex silver was last down $0.011 at $14.17 an ounce.Arguably the most important U.S. economic report of th...Read More
(Kitco News) - Gold prices has given up some of its modest gains but continues to hover around the psychological level of $1,200 an ounce as the labor market added more jobs than expected last month and wages sharply increased.The Bureau of Labor Statistics said 201,000 jobs were created in August; economists were expecting to see job gains of around 191,000. While the August numbers were better t...Read More
The latest news and price moves to start the Asian day on Friday September 7.Copper prices on the London Metal Exchange rose at the close of trading on Thursday September 6, propelled by a raft of fresh buying and a softer dollar index. Meanwhile, a downswing in aluminium prices came amid escalating trade tensions between the United States and China. Read more in our live futures report....Read More
The latest news and price moves to start the Asian day on Friday September 7.Copper prices on the London Metal Exchange rose at the close of trading on Thursday September 6, propelled by a raft of fresh buying and a softer dollar index. Meanwhile, a downswing in aluminium prices came amid escalating trade tensions between the United States and China. Read more in our live futures report....Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More