Most market participants expect the China domestic alumina price to fall further as more imported cargoes arrive in an already oversupplied market, delegates at the aluminium conference held in Qingdao on November 13-15 told Fastmarkets.Sources estimated the average monthly surplus on domestic alumina would reach 200,000 tonnes in second half of the year."Roughly, I would say, the surplus each mon...Read More

An overview of the minor metals markets and their latest price moves.Read More

An overview of the battery raw materials markets and their latest price moves. Read More

Rio, already ERA's largest shareholder with a 68.39% holding, is likely to have to dig deep for the 6.Read More

Scrap prices in the global markets have been firm during the working week from Monday November 11 to Friday November 15 thanks to demand from mills in Turkey and Southeast Asia and to seasonal factors that raised costs. Turkish mills continue to book scrap for December, but concerns persist over weak long steel demand US suppliers seek higher prices for exports Chinese demand for downstream billet...Read More

The inter-merchant spot price for light iron scrap in the UK narrowed higher in the week ended Friday November 15, with firm demand possibly pushing up prices in the near term, trade sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?75-90 ($96-116) per tonne on Friday, up by ?5 per tonne at the low end...Read More

Suppliers in the UK have won a round of price increases for their monthly intake of ferrous scrap from domestic suppliers for November delivery contracts, paring losses made the month before.This was in line with a recovery in export prices, Fastmarkets heard on Friday November 15.The UK monthly steel scrap market to domestic consumers has settled with prices up by an average of ?15 ($19) per ton...Read More

There are cross currents flowing through broader markets, risk-on is still evident in equities, base metals are generally pulling back in countertrend moves from the stronger tone seen in October and early November and there is some nervousness around judging by the pick-up in demand for havens in recent days.Another record close for the S&P500.LME three-month nickel price down by around 20% from...Read More

An overview of the battery raw materials markets and their latest price moves. Read More

Increases in global population, urbanization, and economic development are set to drive world energy demand higher in 2020 and beyond.Global oil demand is forecast to reach a record-setting 100 million barrels per day next year.Meanwhile, the demand for natural gas is expected to overtake "king" coal as the world's second-largest contributor to the energy mix thanks to the development of the LNG i...Read More

China's domestic battery-grade lithium market remains under downward pressure, with lower offers for carbonate bringing the assessment down by 1.8% week on week on Thursday November 14, while the downtrend in Chinese prices is weighing on the seaborne Asia market, market sources said. Chinese lithium carbonate price fell again due to slow buying activities from downstream buyers. Chinese lith...Read More

European steelmakers increased their offer prices on hot-rolled coil at the end of this week, and transaction prices were also expected to rise, sources told Fastmarkets on Friday November 15.Some Northern European mills announced a price rise for the product of about ?,?30 ($33) per tonne, according to market sources.Fastmarkets' weekly price assessment for steel HRC, domestic, exw Northern Europ...Read More

Turkish flat steel producers increased their prices during the week ended Friday November 15 because of rising raw material costs, but demand was better in the market because of the belief that prices may increase even further.Raw material prices, especially those for scrap, have gone up recently.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $260.03 per...Read More

Turkish prices for hot-dipped galvanized coil (HDG), and color-coated coil or pre-painted galvanized iron (PPGI), increased in the week to Friday November 15, with demand improving on low stocks and expectations that prices will rise further, sources told Fastmarkets.They attributed the rise in steel prices to higher raw materials prices.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix...Read More

Domestic rebar prices in Poland have increased over the past week in response to higher costs for scrap raw material, sources told Fastmarkets on Friday November 15.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 1,980-2,000 zloty ($508-513) per tonne on November 15, compared with 1,950-1,970 zloty per tonne ex-works last week.The assessment reflec...Read More

Domestic prices for secondary steel billet in India over the week to Friday November 15 fell by 400 rupees ($6) per tonne, with makers of long steel products reducing their purchases of semi-finished material on a lack of sustained demand for products such as rebar.The price of steel billet, domestic, exw India, was assessed by Fastmarkets on November 15 down by 400 rupees per tonne to 26,000-26,2...Read More

By Valentina ZaMILAN, Nov 15 (Reuters) - The Bank of Italy has beencollecting data on how efficiently the unpaid loans sold off bybanks are being recouped, reflecting concerns about slowprogress and the potential fallout for taxpayers, two sourcesfamiliar with the matter said.Pushed by European supervisors to clean up their balancesheets after a brutal recession, Italian banks have shed some180 bi...Read More

Prices in Southeast Asia's steel billet market were given a boost during the week to Friday November 15 due to limited cargoes available in the spot market after Chinese buyers resumed billet imports. At least 140,000 tonnes of billet from various origins including India, Iran, Malaysia and Vietnam have been booked at $405-415 per tonne cfr China over the past week, sources told Fastmarkets.A trad...Read More

Pig iron export prices from Brazil have risen again on higher deal prices and full order books through the end of the year, market sources told Fastmarkets during the week ended Friday November 15. Fastmarkets' weekly price assessment for pig iron export, fob port of Vitoria/Rio, Brazil stood at $292-295 per tonne on November 15, narrowing upward from $287-295 per tonne a week before.One...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 323,18956,123107,486210,067511,535640,742675,144 Change from Prior Reporting Period -21,402-8,6408,96228,37912,70915,93913,031 Traders 18774825154272183 Small Speculators LongShortOpen Interest 67,72133,319708,463 2,3435,25118,282 non reportable positions...Read More