U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade. Crude Oil gained $1.38 to $71.18 per barrel in pre-opening trade. Strength partially is related to Tropical Storm Gordon entering oil and gas producing areas in the Gulf of Mexico.TransOcean (RIG $12.11) plans to purchase Ocean Rig (ORIG $28.08) in a cash and stock deal valued at $2.7 bi...Read More
China's largest steel mill, Hebei Steel, has increased its monthly purchase price for silico-manganese again, following a rise in its tender price for August.The mill has offered to buy silico-manganese at 9,200 yuan ($1,347.36) per tonne for September delivery. The price includes delivery costs and payment through an acceptance draft, according to market sources in China.The latest tender is a ma...Read More
Manganese ore prices gave up recent gains on Friday August 31 amid buyer resistance to recent offer prices, while alloy prices were steady or higher week on week. Ore prices drop as much as 10 cents in ChinaChinese physical manganese alloys markets tick up, futures weakenSilico-manganese prices rise in IndiaEuropean manganese alloys prices flatline Manganese ore prices dripped on Friday on poorer...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Tuesday September 4.With the exception of lead, base metals prices on the Shanghai Futures Exchange were down during Asian morning trading on Tuesday, with rising trade tensions and disappointing economic data from China dampening market sentiment. Lead managed to buck the general weakness, wi...Read More
Turkish steel producers have continued to book scrap from the deep-sea market for September deliveries, with prices slightly firmer, sources said on Tuesday September 4.A steel mill in the Iskenderun region booked a cargo from the United States late on September 3, comprising 18,000 tonnes of HMS 1&2 (80:20) at $320 per tonne, 12,000 tonnes of shredded at $325 per tonne and 2,000 tonnes of plate a...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 transactions: iron oreIron oreVale, Global Ore, 170,000 tonnes of 62%...Read More
Seaborne iron ore trading stayed thin on Tuesday September 4, while transaction activity at Chinese ports increased.Metal Bulletin 62% Fe Iron Ore Index: $66.62 per tonne cfr Qingdao, up by $0.57 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $65.65 per tonne cfr Qingdao, up by $0.57 per tonne.Metal Bulletin 62% Fe Iron Ore Index Low Alumina: $71.95 per tonne cfr Qingdao, up by $0.20 p...Read More
Prices for seaborne coking coal sold outside China picked up on Tuesday September 4 after higher bids emerged.On Global Coal, a cargo of branded materials was traded at $187 per tonne fob Australia during the day, according to various market sources.Meanwhile, a trading source based in Australia said that the Queensland Competition Authority (QCA) has postponed its final decision - original slated...Read More
Brazilian iron ore export volumes increased by 4.38% year on year in August amid a higher average export price during the month. Brazil shipped a total of 35.62 million tonnes of iron ore last month, compared with 34.13 million tonnes in August 2017, according to figures released by the country's foreign trade ministry, MDIC, on Monday September 3. In a...Read More
Steel futures in China rose during morning trading on Tuesday September 4 despite the Tangshan government's U-turn a day earlier on planned production cuts for this month.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,116 yuan ($603) per tonne, up 31 yuan per tonne January hot-rolled coil: 4,128 yuan per tonne, up 32 yuan per tonne Dalian Commodity Exchange Jan...Read More
China's hot-rolled coil prices rose on Tuesday September 4 in line with strengthening futures, with participants expecting construction demand to rebound in the coming months.DomesticEastern China (Shanghai): 4,360-4,390 yuan ($639-643) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 4,250-4,270 yuan per tonne, up 10-20 yuan per tonneTransactions were mostly concluded around 4,360-4,37...Read More
First Cobalt has acquired the Iron Creek property in Idaho, US and eliminated its outstanding royalty, the company said.The move streamlines future permitting and development activities and accelerates the mine planning process, with the North American pure play cobalt company having begun a consultation process and collecting baseline data for future permitting requirements, it noted. The Iron Cr...Read More
Metal Bulletin is inviting market feedback on its proposals to increase the minimum tonnages for some of its benchmark minor metals price assessments. Certain market participants have expressed concerns that pricing data points relating to small lots are neither representative of typical market practice nor mainstream, repeatable spot prices. As such, they have suggested an increase in the minimum...Read More
Metal Bulletin proposes to increase the minimum tonnage for its benchmark in-warehouse Rotterdam germanium metal and germanium dioxide price assessments.At present, Metal Bulletin's minimum lot size for its in-warehouse Rotterdam germanium metal and germanium dioxide price assessments is 50kg. Certain market participants have expressed concerns that pricing data points relating to small lots are n...Read More
Metal Bulletin proposes to increase the minimum tonnage for its benchmark in-warehouse Rotterdam gallium price assessment.At present, Metal Bulletin's minimum lot size for its in-warehouse Rotterdam gallium price assessment is 50kg. Certain market participants have expressed concerns that pricing data points relating to small lots are neither representative of typical market practice nor mainstrea...Read More
Metal Bulletin proposes to increase the minimum tonnage for its benchmark in-warehouse Rotterdam indium price assessment.At present, Metal Bulletin's minimum lot size for its in-warehouse Rotterdam indium price assessment is 50kg. Certain market participants have expressed concerns that pricing data points relating to small lots are neither representative of typical market practice nor mainstream,...Read More
Three-month base metals prices on the London Metal Exchange were mixed this morning, Tuesday September 4, with price changes ranged between up by 0.7% for aluminium and down by 0.3% for nickel.Copper and zinc prices were up by 0.2%, with the former at $5,959 per tonne, while lead and tin prices were off by 0.2%.Volume has been low with 4,568 lots traded as at 06.28am London time. Precious metals p...Read More
** Graphite explorer Magnis Resources Ltd rises asmuch as 5.3 pct to A$0.400, its highest since June 27 ** AL Capital to invest A$11.1 mln ($7.99 mln) at A$0.37 pershare for 4.98 pct equity holding in Magnis** Placement was made under co's existing placement capacityof 30 mln shares issued at A$0.37 per share ** Stock posts biggest intraday pct gain since Aug 28** Stock down 17.4 pct this year, as...Read More
03 Sep 2018China Moly today's Margin Long Amount is 6,373 (x10000) yuan, Short Selling Volume is 38 (x10000) shares. Detail information is as followsMargin long Margin Long Margin Long Short Selling Short Selling Short close Balance Amount Close Balance Volume Volume Amount Amount Volume ----------- ----------- ----------- ------------- ------------- -------------...Read More
03 Sep 2018Jinduicheng today's Margin Long Amount is 670 (x10000) yuan, Short Selling Volume is 1 (x10000) shares. Detail information is as followsMargin long Margin Long Margin Long Short Selling Short Selling Short close Balance Amount Close Balance Volume Volume Amount Amount Volume ----------- ----------- ----------- ------------- ------------- ------------- 46...Read More