Aluminium stocks at Shanghai-bonded warehouses surged by over 200% year on year in October on a profitable import arbitrage, while zinc inventories and copper inventories grew on both annually and quarterly comparisons. Open arb window and good demand support aluminium stocks increase Fastmarkets assessed Shanghai-bonded aluminium stocks at 30,000-30,500 tonnes on Friday October 30, up by 203...Read More

Ray Mennin has joined United States-based commodities trading company and agent Toroza as vice president, Fastmarkets learned.Mennin previously worked as an assistant portfolio manager...Read More

Spot copper concentrate treatment and refining charges (TC/RCs) dipped marginally while the market began annual contract negotiations at a price level where the benchmark may settle, Fastmarkets heard.Smelters are still actively buying clean tonnes at and just below $50 per tonne/5 cents per lb, with a premium on certain qualities of material rather than just the percentage copper grade, sources s...Read More

Chile's state-owned copper miner, Codelco, has named Carlos Alvarado permanent vice president of its commercial marketing team, according to a briefing seen by Fastmarkets that was dated Friday October 30 and signed by company president Octavio Araneda.Alvarado had been in the role on an interim basis since January...Read More

An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in...Read More

Prices for domestic steel beams in the United States were flat on Thursday October 29 despite modestly rising demand, while prices for offshore material also held steady amid continuing weak import volumes, market participants said.Fastmarkets' price assessment for steel beams 8 x 8-inch, fob mill US again held at $35.25 per hundredweight ($705 per short ton) on October 29, where it has remai...Read More

Prices for galvanized steel sheet in the United States have strengthened, with hot-dipped galvanized made from hot-rolled coil base now equal to HDG made from cold-rolled coil.Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US was unchanged at $42 per hundredweight ($840 per short ton) on Thursday October 29, breaking a streak of 10 consecutive weeks of increase...Read More

Hot-rolled coil prices in the United States ended the week to Friday October 30 above $34 per hundredweight ($680 per short ton), holding mostly flat after weeks of steady increases.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $34.13 per cwt ($682.60 per ton) on October 30, down by 3 cents from $34.16 on Thursday October 29 but up by 3 cents from $34.10 per cwt at...Read More

Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfoot"We are going to upgrade the Cobriza mine with a view to developing its export by January or February.Read More

Drill results multiply value options in front of YandalSPONSOREDyandal resourcesGlencore's coal production fell 20% year-on-year in Q3 to 83.Read More

The copper miner, listed in London but which looks set to go private if a £3 billion takeover announced Wednesday by its two major shareholders goes ahead, said copper volumes were set to tipRead More

Check Point (CHKP), a NASDAQ 100 stock moved below $114.89 completing a double top pattern. Hong Kong iShares moved below $21.51 setting an intermediate downtrend. Pre-opening Comments for Friday October 30thU.S. equity index futures were lower this morning. S&P 500 futures were down 29 points in pre-opening trade.Index futures were virtually unchanged following release of economic news a...Read More

The market for imported pig iron in the United States improved during the week to Friday October 30 on new deals at higher prices, Fastmarkets has heard.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $377 per tonne on Friday, up from $369-373 per tonne a week earlier.Late last week, a booking of Russia-origin material was heard at $377 per tonne cfr. This sale was...Read More

Turkish steel mills finished the week to Friday October 30 with no further purchases heard following a public holiday in the country on the Thursday, market sources have said.In addition to the public holiday on October 29, attention in the country was drawn to a powerful earthquake which struck the Izmir region, resulting in a number of deaths and injuries as well as causing damage to buildings.A...Read More

Brazilian pig iron suppliers were bullish about the export market because of possible higher charcoal costs and good local demand, but no serious negotiations have been heard at the offer level, sources said on Friday October 30.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil, at $355 per tonne on Friday, unchanged from a week earlier.Offers were announced at pr...Read More

The price of shredded steel scrap imported into India moved up on Friday October 30 as a result of tight material supply, sources have told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $321.21 per tonne on Friday, up from $316.16 per tonne one week earlier.Deal prices heard during the week were in the range of $322-324 per tonne, up from $...Read More

Prices for inter-merchant light iron scrap in the UK market were stable over the week to Friday October 30 on tight supply, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?95-105 ($123-136) per tonne on October 30, unchanged from the week before.Scrap collection has been 40% below the usual level for th...Read More

The price paid for pig iron exported from the Commonwealth of Independent States (CIS) rose in the week to Thursday October 29 on a new sale to the United States and Asia amid low availability, sources said.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $355-360 per tonne on October 29, up from $350-353 per tonne a week earlier.A sale of...Read More

A summary of Glencore's 2020 third-quarter production report for the coal sector, released on Friday October 30, where the company maintained its 2020 full-year production guidance except coal, which was adjusted for the extended strike at the Cerrejon mine.In brief The company's year-to-date (YTD) coal production of 83.5 million tonnes was 20.5 million tonnes or 20% lower than the comparable prio...Read More

The London Metal Exchange will finalize the last stage in the relaxation of its queue-based rent capping (QBRC) rule on Sunday November 1, when the rule moves to 80 days full rent.The threshold has been extended under a phased implementation over the past nine months. It began on February 1, 2020, when the rule moved to 50 days full rent, from the original rule of 30 days full rent and 20 days hal...Read More