Production of manganese ore at South32's South Africa Manganese operation rose by 28% quarter on quarter and 22% on an annual basis in the second fiscal quarter ended December 31, 2017, the company said last week. South Africa Manganese produced 633,000 tonnes of manganese ore in the December quarter last year, up from 517,000 tonnes in the same period of 2016. This brought total output for the ha...Read More
Due to a technical issue, Metal Bulletin's weekly assessment of the European tungsten APT price did not appear in the Metal Bulletin price book on Friday January 19. The price book has since been updated with the correct prices appearing for this date. Price affected: Tungsten APT European free market $ per mtu The price continues to be a weekly price published every Friday by 3pm London time. If...Read More
Manganese ore buyers secured cheaper offers for low-grade ore last week when they returned to the market for March material. Low-grade manganese ore prices falter even as activity picks upHigh-grade ore quotations stand firmOre buyers favor seaborne cargoes over port stocksAlloy prices stable in India and EuropeUS alloy prices strengthen on spot activity uptick amid harsh weather conditions Low-g...Read More
Turkish steel mills continued their deep-sea scrap bookings for February and March on Monday January 22 with prices remaining largely stable.A steel mill in the Iskenderun region booked a US cargo, comprising 12,000-15,000 tonnes of plate and structural scrap (P&S) at $373 per tonne and 6,000 tonnes of shredded at $368 per tonne, while the rest of the 38,000-tonne cargo was HMS 1&2 (80:20) at $363...Read More
Turkish domestic scrap prices continued to increase amid strong demand over the past week, sources said on Monday January 22.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) was $1,300-1,440 ($342-379) per tonne delivered, up from last week's $1,260-1,400 per tonne.The upward movement came after several steel mills raised their buy prices for the materi...Read More
Iron ore prices experienced little movement on Monday January 22 amid inactivity in the seaborne market. Metal Bulletin's 62% Fe Iron Ore Index Today: $76.61 per tonne cfr Qingdao Daily change: down by $0.14 per tonne Month-to-date average: $76.65 per tonne...Read More
The seaborne iron ore market saw little activity on Monday January 22, but premiums for index-linked cargoes of high-grade fines have fallen below $2 per tonne while those for lumps continue to rise. Key drivers Premiums for Pilbara Blend fines and Carajas fines have both fallen below $2 per tonne now that most mills have completed their restocking of seaborne cargoes scheduled for delivery in Feb...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 transaction: iron oreIron oreRio Tinto, 70,000...Read More
The seaborne coking coal market was stable on Monday January 22 with buyers still not budging despite offers falling slightly. Metal Bulletin's indices were all unchanged for the day, at $212.66 per tonne cfr China and $232.13 per tonne fob Australia for premium hard coking coal, and $193.85 per tonne cfr China and $187.29 per tonne fob Australia for hard coking coal."Offers for premium cargoes ha...Read More
The seaborne iron ore concentrate market softened last week on subdued demand after prices rose to their highest since March 2017 a week earlier.The Metal Bulletin 66% Fe Iron Ore Concentrate Index was at $96.82 per tonne cfr Qingdao for the week ended last Friday January 19, down $4.01 per tonne from a nine-month high of $100.83 per tonne cfr China in the preceding seven days. Metal Bulletin's 65...Read More
China's ferrous futures ended below their opening during morning trading on Monday January 22 after a major mill lowered the prices for its long steel products amid a subdued steel market.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,922 ($613) per tonne, down 21 yuan per tonne May hot-rolled coil: 3,885 yuan per tonne, down 27 yuan per tonne Dalian Commodity Exch...Read More
Total volumes in all of the London Metal Exchange's futures and options contracts rose by 0.5% last year, which is hardly a dramatic result one way or the other, although it did at least halt a run of annual declines.Declines in aluminium and copper turnover were to an extent offset by increases in zinc, nickel and lead. As well, the exchange's new gold and silver contracts chipped in with some us...Read More
Key data from Metal Bulletin's Friday January 22 pricing session in Europe.Key data from Metal Bulletin's Friday January 22 pricing session in Europe.Chromium Metal MB free market $/kg Key drivers: - Lack of offers...Read More
Marex Spectron has hired experienced trader Warren Capps to strengthen its precious metals trading sector, where he will be based in New York.Capps was previously executive director at UBS Investment Bank, a position he held since 2013. Prior to UBS, Capps managed the...Read More
European antimony prices continued to edge higher last week due to tightening spot availability while the Chinese market began to wind down ahead of the upcoming Lunar New Year holiday.Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,100-8,400 per tonne on Friday January 19, unchanged from Wednesday's assessment, when prices had moved from $8,050-8,350 pe...Read More
Silicon metal prices in China jumped during last week's market assessment on recent currency moves against the dollar, while European prices remained stable though they are expected to increase. Chinese suppliers of silicon metal have raised their quotations due to the recent strong performance of the Chinese yuan against the US dollar. This meant Chinese silicon metal price jumped further in the...Read More
Total volumes in all of the London Metal Exchange's futures and options contracts rose by 0.5% last year, which is hardly a dramatic result one way or the other, although it did at least halt a run of annual declines.Declines in aluminium and copper turnover were to an extent offset by increases in zinc, nickel and lead. As well, the exchange's new gold and silver contracts chipped in with some us...Read More
Total volumes in all of the London Metal Exchange's futures and options contracts rose by 0.5% last year, which is hardly a dramatic result one way or the other, although it did at least halt a run of annual declines.Declines in aluminium and copper turnover were to an extent offset by increases in zinc, nickel and lead. As well, the exchange's new gold and silver contracts chipped in with some us...Read More
Total volumes in all of the London Metal Exchange's futures and options contracts rose by 0.5% last year, which is hardly a dramatic result one way or the other, although it did at least halt a run of annual declines.Declines in aluminium and copper turnover were to an extent offset by increases in zinc, nickel and lead. As well, the exchange's new gold and silver contracts chipped in with some us...Read More
Total volumes in all of the London Metal Exchange's futures and options contracts rose by 0.5% last year, which is hardly a dramatic result one way or the other, although it did at least halt a run of annual declines.Declines in aluminium and copper turnover were to an extent offset by increases in zinc, nickel and lead. As well, the exchange's new gold and silver contracts chipped in with some us...Read More