Physical iron ore prices rebounded on Friday July 19 amid gains in the futures markets.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $121.79 per tonne, up by $1.89 per tonne.Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $121.71 per tonne, up by $1.89 per tonne.Fastmarkets' index for iron ore 62% Fe low-alumina fines, cfr Qingdao: $122.81 per dry metric tonne...Read More
China's hot-rolled coil market softened on Friday July 19, but overseas buyers appear to be stepping up their purchases on expectations that export prices would stabilize or rise in the near term.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($561-564) per tonne, down 20 yuan per tonneNorthern China (Tianjin): 3,840-3,850 yuan per tonne, narrowing downward by 10 yuan per tonneSpot prices drop...Read More
Lake Resources prepares to make a splash in lithium SPONSOREDlake resourcesStars aligning at Stellar for PolarXSPONSOREDpolarxMetro Mining promises low-cost bauxite for Chinese smeltersSPONSOREDmetro miningNamdini moves toward 300,000ozpa realitySPONSOREDcardinal resourcesThe PFS envisions a 110,000 tonnes per day throughput rate, a life of mine strip ratio of 1.66: 1 to produce a copper concentra...Read More
Chinese buyers continue to procure seaborne coking coal cargoes, keeping prices in the segment supported in the face of downward pressure in the rest of the market.A cargo of premium hard coking coal was traded at around $184 per tonne cfr China, Fastmarkets learned on Friday July 19.Another cargo of a different brand in the same segment changed hands at around $180 per tonne fob Australia, source...Read More
Lake Resources prepares to make a splash in lithium SPONSOREDlake resourcesStars aligning at Stellar for PolarXSPONSOREDpolarxMetro Mining promises low-cost bauxite for Chinese smeltersSPONSOREDmetro miningNamdini moves toward 300,000ozpa realitySPONSOREDcardinal resourcesASX-listed Ausdrill (ASL) has had a good week, climbing nearly 6%, though it dipped today. The company's shares are up about 27...Read More
China's rebar prices dipped on Friday July 19 after selling pressure picked up in the market. Domestic Eastern China (Shanghai): 3,960-3,990 yuan ($576-580) per tonne, down 10 yuan per tonneNorthern China (Beijing): 3,880-3,920 yuan per tonne, down 10-20 yuan per tonneSellers lowered their prices during the day in an attempt to secure more orders ahead of the weekend, sources said.A trader in Shan...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumIn the Pilbara, unit costs for 2019 have been increased by US$1 a tonne to $14-$15/t.Read More
Nickel's three-month price on the London Metal Exchange was lower during morning trading on Friday June 19, with the metal's weeklong price rally cooling across Asian trading hours. Nickel futures were recently seen trading around $14,745 per tonne, with volume traded lower than in recent days at some 3,900 lots exchanged as of 9.00am London time. Price action in nickel had surpassed $15,000 per t...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Comments from US Federal Reserve officials overnight appeared dovish after New York Federal Reserve president John Williams stressed at the annual meeting of the Central Bank Research Association that “it is better to take preventative measures than to wait for disaster to unfold”. With the market already pricing in a 25-basis-point cut in the central bank’s benchmark interest rate...Read More
The following Fastmarkets minor metals prices changed on Friday July 19:Minor metalsAntimony max 100ppm Bi, in-whs Rotterdam $/tonne: $5,950-6,150 per tonne from $5,950-6,200Bismuth 99.99% Bi min, in-whs China, yuan/tonne: 41,000-42,000 yuan per tonne from 40,500-41,500 yuanChromium alumino-thermic 99% min, in-whs Rotterdam, $/tonne: $7,350-7,600 from...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade. Microsoft jumped $4.08 to $140.50 after reporting higher than consensus fiscal fourth quarter earnings. JP Morgan raised its target price to $155 from $145.Boeing gained $7.68 to $368.79 despite announcing a $4.9 billion write off. Boeing also announced plans to relaunch its 737 Max aircr...Read More
Comments from US Federal Reserve officials overnight appeared dovish after New York Federal Reserve president John Williams stressed at the annual meeting of the Central Bank Research Association that "it is better to take preventative measures than to wait for disaster to unfold". With the market already pricing in a 25-basis-point cut in the central bank's benchmark interest rate at the Federal...Read More
Summer is in full swing, and vacation season is upon us! That means a lot of traveling. From road trips, cruises and flights people are seeking their summer time rest and relaxation.With so many people looking to go to an exotic location, or visit far away family, many of us turn to flying to get around safely and quickly.Business, being business, means that airlines in turn are scrambling for way...Read More
Austenitic alloy steel scrap prices increased over the week to Friday July 19 following a spike in the price of nickel, sources told Fastmarkets.The London Metal Exchange three-month nickel price increased strongly throughout the week, although by Friday it had begun to retreat again. Scrap traders were conscious that the price increase was unlikely to sustain and so were buying cautiously because...Read More
Spot prices for ferrous scrap in Asia picked up some strength this week on steady demand from end users in the region.While rising prices for scrap in Turkey provided support to the region's market, weak downstream demand for steel capped the increases.Fewer Japanese scrap offers were made to the region this week because scrapyards in Japan were making their domestic market a priority over the exp...Read More
Campaigners say full consultation was not carried out before 2014 reopening of European-owned Fenix siteRead full newsRead More
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