More than 200,000 tonnes of aluminium have been delivered into London Metal Exchange warehouses in Asia over the past week, pushing LME on-warrant stock levels back above 1 million tonnes.Despite the large deliveries inward, including 92,875 tonnes on Monday November 18, the backwardation in the LME's December-to-January spread remained.Total on-warrant LME aluminium stocks were now 1,009,700 tonn...Read More

Industry figures at the International Ferro-alloys conference in Budapest this week will be discussing future developments in the manganese markets after a dramatic turn in the manganese flake price over the past year; Fastmarkets looks at the key reasons behind the slump. The manganese 99.7% electrolytic manganese flake, in-whs Rotterdam price fell to $1,610-1,670 per tonne on November 8, down by...Read More

The three-month lead price on the London Metal Exchange was lower at the close of trading on Monday November 18, with the price settling below the $2,000 per tonne support level for the first time since September, while continued inflows pushed aluminium futures lower.Lead's outright price closed at $1,953.50 per tonne in the afternoon, its lowest close since August 2, while turnover was at its hi...Read More

More than 200,000 tonnes of aluminium have been delivered into London Metal Exchange warehouses in Asia over the past week, pushing LME on-warrant stock levels back above 1 million tonnes.Despite the large deliveries inward, including 92,875 tonnes on Monday November 18, the backwardation in the LME's December-to-January spread remained.Total on-warrant LME aluminium stocks were now 1,009,700 tonn...Read More

Fastmarkets will host a free web seminar on Monday November 25 at 9:30am London time, to introduce the new Fastmarkets-settled London Metal Exchange cash-settled main Japanese ports (MJP) aluminium premium contract.The webinar will cover how Fastmarkets assesses its spot MJP aluminium premium, an insight into current market dynamics and how you can manage your risk with the new LME cash-settled co...Read More

More than 200,000 tonnes of aluminium have been delivered into London Metal Exchange warehouses in Asia over the past week, pushing LME on-warrant stock levels back above 1 million tonnes.Despite the large deliveries inward, including 92,875 tonnes on Monday November 18, the backwardation in the LME's December-to-January spread remained.Total on-warrant LME aluminium stocks were now 1,009,700 tonn...Read More

Key data from the pricing sessions in Asia and Europe in the week to Friday November 15. China Key drivers  The antimony, MMTA standard grade II, ddp China price fell for the second consecutive week after some of the country's suppliers slashed offer prices further to secure business amid scant inquiries from consumers.  Chinese antimony consumers either procured on a hand-to-mouth...Read More

Here are five Fastmarkets MB stories you might have missed on Monday November 18 that are worth another look.The outlook for the Asian hot-rolled coil market in the early part of 2020 is bullish, with prices for January-shipment materials already moving higher, an official at a leading Japanese steelmaker has told Fastmarkets.More than 200,000 tonnes of aluminium have been delivered into Lond...Read More

Fastmarkets will host a free web seminar on Monday November 25 at 9:30am London time, to introduce the new Fastmarkets-settled London Metal Exchange cash-settled main Japanese ports (MJP) aluminium premium contract.The webinar will cover how Fastmarkets assesses its spot MJP aluminium premium, an insight into current market dynamics and how you can manage your risk with the new LME cash-settled co...Read More

The three-month aluminium price on the London Metal Exchange was lower during morning trading on Monday November 18, with continuing inflows of material into LME-registered warehouses in Asia fueling selling pressure.The light metal was recently at $1,746 per tonne, down by around 0.65% from Friday's closing price of $1,755 per tonne. Turnover was moderately high for aluminium over the mornin...Read More

Base metals prices on the Shanghai Futures Exchange were down across the board during the morning trading session on Monday November 18, with nickel giving the worse performance of the complex while the metal's prices continue to correct following a strong run-up between June and September.The most-traded February nickel contract stood at 116,120 yuan ($16,566) per tonne as at 10.06am Shanghai tim...Read More

RAPAPORT... Zimbabwe plans to reduce the percentage of sales diamond miners must pay to the state, aiming to promote investment in more costly operations at the Marange fields.The government proposed a new royalty rate of 10% in theannual budget last week. Diamond producers currently pay 15% of gross revenues,but their overall costs have escalated as they shift toward hard-rock - or"conglomer...Read More

RAPAPORT... Sales and profit slumped at Indian diamond manufacturerAsian Star in the second fiscal quarter as weak rough demand prompted it to reduceits trading activities. The Mumbai-based company supplements its core cuttingbusiness by reselling rough through its subsidiaries, Pranav Kapadia, AsianStar's chief manager for accounts and tax, explained to Rapaport NewsMonday. Revenue from that...Read More

RAPAPORT... De Beers has released the dates of the 10 sights it willhold in Gaborone, Botswana, next year. The miner sells around 90% of its roughat those sales, with the rest available at auctions. The January sight will be the first in De Beers' newintention-to-offer (ITO) period, which is switching to a calendar-year format.Prospective long-term buyers, or sightholders, tell De Beers how m...Read More

(IDEX Online) - With its publication in Arabic, "The Diamond Terminology Guideline" is now available in 10 languages. The latest version, which was published by the DMCC, ensures unity in diamond terminology across Arabic-speaking countries.The guideline sets a universal standard for the diamond and jewelry trade when communicating about diamonds and laboratory-grown diamonds. It is also designed...Read More

Turkey produced 27.973 million tonnes of crude steel in January-October 2019, down 10.6% from the corresponding period last year, the Turkish Steel Producers Association (T???oeD) said on Monday November 18.The drop in output was largely attributed to subdued end-user demand and weakening export markets for Turkish steel.The European Commission (EC) imposed definitive safeguard duties on imports o...Read More

RAPAPORT... A pair of blue diamond earrings will lead a sale of finejewels at Bonhams that includes pieces from the estate of former New YorkYankees owner George Steinbrenner's wife. The earrings feature a marquise-shaped brilliant cut,fancy-intense-blue diamond with VS1 clarity, weighing 1.81 carats, and anoval-shaped modified brilliant-cut, fancy-blue diamond, weighing 1.62 carats. Thosestones a...Read More

More rebar producers in Egypt have increased their prices with effect from Sunday November 17, following the moves of other mills that announced higher prices last week, Fastmarkets has learnt.Egyptian rebar producer Garhy Steel is now offering rebar at E ?10,000 ($619) per tonne ex-works, up from the previous E ?9,600 per tonne ex-works, including 14% VAT.El Marakby Steel's rebar price is now E ?...Read More

(IDEX Online) - Junior miner Diamcor Mining Inc. has reported net income of C$350,676 ($265,208) for its second fiscal quarter, ended September 30. This compares favorable to a net loss of C$417,368 ($315,646) in the prior fiscal year. Despite the increase in profit, Diamcor saw a drop in sales revenue. The company sold 3882.82 carats of rough diamonds, generating revenues of C$730,962 (...Read More

(IDEX Online) - The National Retail Federation has reported that despite a slowdown in the U.S. economy, consumers are still spending and the important holiday season looks on track to perform better than last year. Retail sales in October increased 0.2 percent seasonally adjusted over September and were up 4.2 percent unadjusted year-over-year. "Despite the gradual slowdown in the U.S. econo...Read More