Signs of bottoming out emerged in chrome ore and charge chrome markets over the seven days to Friday August 31 despite a softening of domestic ferro-chrome prices. ...Read More
The Chinese ferro-silicon market was steady in the week to Friday August 31, with sufficient spot buying interest to support prices ahead of expected tenders issued by steel mills; while a lack of buying interest in Europe so far this quarter has seen suppliers cut their offers to encourage buying interest. ...Read More
Ammonium paratungstate (APT) prices continued to fall in the week ended Friday August 31 amid good availability and lackluster demand. ...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday September 3.Base metals prices on the Shanghai Futures Exchange were mostly drifting lower during Asian morning trading on Monday, with lead the only metal to register any gains.An escalation in the trade spat between China and the United States shook sentiment in the base metals market...Read More
Turkish domestic scrap prices continued to rise over the past week, sources said on Monday September 3, mostly due to the weakening lira and falling demand for imported scrap....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. ...Read More
Seaborne iron ore trading stayed muted on Monday September 3 with participants waiting for more clarity on production restrictions in China's steelmaking hub of Tangshan....Read More
Positive sentiment among participants in the seaborne coking coal spot market, particularly those in China, bolstered prices across the board on Monday September 3....Read More
Seaborne iron ore pellet prices saw little change last week, amid continued demand due to restrictions on pelletizing and sintering operations in China. ...Read More
China's steelmaking raw materials futures, particularly those for coking coal and coke, retreated on Monday September 3 though physical prices remain supported. ...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Monday September 3*...Read More
China's domestic rebar prices moved higher on Monday September 3 amid a pick-up in demand. ...Read More
The fledgling rebounds in the base metals seen in the second half of August have stalled and in the case of nickel have been reversed with prices setting fresh lows this morning, Monday September 3.China's Caixin manufacturing purchasing managers' index (PMI) disappointed with a drop to 50.6 for August, after a 50.8 reading in July, although Japan's final manufacturing PMI came in at 52.5, after 5...Read More
Spot prices for high-grade cobalt rose for the first time in 19 weeks on Friday August 31, with sellers successfully hiking their offers in response to an uptick in consumer demand, alongside a more positive backdrop from China. ...Read More
Antimony prices continued their upward move in Europe and China in the week ended August 31 amid tightening availability....Read More
As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in August 2018.The case list below includes only updates. For other continuing cases this year, see the updates for January, February,...Read More
China's steelmaking raw materials futures, particularly those for coking coal and coke, retreated on Monday September 3 though physical prices remain supported. Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,096 yuan per tonne, down 5 yuan per tonneJanuary hot-rolled coil: 4,099 yuan per tonne, up 19 yuan per tonne Dalian Commodity Exchange January iron ore: 48...Read More
Gold prices continue to be pulled by outside factors such as a strong dollar and dynamic U.S. equities markets creating a favorable and continued risk-on market sentiment. Today traders and investors bid gold prices higher with a strong U.S. dollar of equal force negating any realized gains. According to the KGX (Kitco Gold Index) as of 4:15 PM Eastern standard time, spot gold is currently trading...Read More
(Kitco News) - With gold heading for its fifth consecutive monthly decline, analysts are looking at the U.S. dollar for direction, adding that the greenback has a solid hold over the precious metal’s prices.Even though gold is slightly up on the day, with December Comex gold futures last trading at $1,206.30, up 0.11%, the yellow metal is still going to mark its longest monthly losing streak...Read More
(Kitco News) - Gold prices are now holding only modest gains in late-morning trading Friday. The metals have given back about half of their daily advances as the U.S. dollar index has pushed to its daily high and is trading moderately up. The safe-haven gold and silver markets probably won't see a lot of downside pressure the rest of the session, heading into a three-day U.S. holiday weekend that...Read More