Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Shockwaves from Tsingshan's new stainless steel hub in Indonesia are reverberating across South East Asia and beyond, according to Wood Mackenzie.“Competitively priced exports of Indonesian stainless product have provoked varyin...Read More

RAPAPORT... Gem Diamonds has recovered two diamonds weighing more than100 carats from its Let??eng mine in Lesotho. The miner found a 120-carat, high-quality, white, type IIa diamond onNovember 20, and a 125-carat, low-quality stone on November 19, it said. The stones are the ninth and 10th of that magnitude for the company so farthis year. It recovered five high-quality white stones and thre...Read More

Diversified miner Anglo American has become a member of ResponsibleSteel, a nonprofit organisation and the steel industry's first global, multi-stakeholder standard and certification programme.ResponsibleSteel covers the entire steel supply chain, from raw material supply through steel processing to use, reuse and recycling.AdvertisementIt provides a forum to build trust and achieve consensus...Read More

Turkish steel mills remained quiet in the deep-sea scrap markets on Tuesday November 26 with prices unchanged, according to market sources.Mills booked four deep-sea cargoes last week at steady prices. The bookings from the Baltic Sea region sold at $260 per tonne and $261 per tonne cfr for HMS 1&2 (80:20) throughout the week ended Friday November 22.Mills are still expected to book a few more...Read More

Seaborne iron ore prices fell back below $90 per tonne cfr China on Tuesday November 26 after reclaiming the mark a day earlier, amid losses in steel markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $89.30 per tonne, down $1.62 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $89.33 per tonne, down $1.62 per tonne.62% Fe low-alumina fines, cfr Qingdao: $88.71 per ton...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: pig iron, iron orePig iron United States,...Read More

Seaborne coking coal prices continue to trade in a range-bound manner, with participants keeping a close eye on the impact of the recent supply disruptions on market direction but not seeing them as major price drivers yet.Fastmarkets indicesPremium hard coking coal, fob DBCT: $132.70 per tonne, down $1.96 per tonnePremium hard coking coal, cfr Jingtang: $145.39 per tonne, unchangedHard...Read More

A coal mine worker was fatally injured at the Carborough Downs mine site in Queensland, Australia, on Monday 25 November, miner Fitzroy Resources said on Tuesday. All operations on the site have been suspended until further notice, it added."We are deeply saddened by this news and Fitzroy extends our deepest sympathies to the family, friends, and colleagues of the worker. The deceased is a long-te...Read More

Risk appetite should improve this week The latest reports about progress towards a US-China trade agreement suggest that a phase one deal is back on track. If history is a guide, interest in risk assets, including the base metals, should rebound while this remains the case. Equity markets have led the way so far. Aluminium: Looking for a short-term rebound Aluminium’s price action is demonstr...Read More

Room to rally again if risk appetite continues to improve Over the weekend, China appears to have reached a compromise position that could boost the probability of a 'phase one' trade deal with the US. China announced that it will raise penalties for intellectual property rights theft, meeting one of the many stringent demands from the US. Barring any further negative developments, risk appetite s...Read More

Aluminium With no sign of aggressive selling pressure, the LME aluminium price was able to produce a higher low on Monday November 25. Also, the metal closed positively though the limited upside momentum continues to indicate prices remain in consolidation mode from the recent low. Still, aluminium carries short-term upside risks, with the daily RSI and stochastic lines in oversold territory...Read More

In this week’s analysis, we discuss the main trends of the global copper market so far this year, based on the latest ICSG statistics. All the percentage changes discuss are on a year-on-year basis, unless stated otherwise. Refined market balance The ICSG estimates that the refined copper market was in an “apparent” deficit of 330,000 tonnes in January-August 2019, compared with a s...Read More

Correction leads to consolidation Lead prices consolidated last week, mainly in the $1,950-2,000 per tonne range, but have drifted closer to $1,900 per tonne so far this week. This comes after undergoing a correction of 13.8% or $313.50 per tonne price from the highs of late-October at $2,265 per tonne. ILZSG reports an 83,000-tonne supply deficit in Jan-Sep The fact that prices are below where th...Read More

Higher demand, weaker supply restored global deficit in September There has been plenty of fresh fundamental nickel data published in the past week, including the INSG’s latest monthly bulletin on Thursday. After reporting last month a mere 100-tonne global supply deficit in August, almost bringing to an end the run of 26 consecutive monthly deficits, the INSG reported a more meaningful 3,200...Read More

In this week’s analysis, we highlight the latest WBMS estimates about supply/demand of the tin market and discuss our own fundamental assessment. Refined market balance The WBMS estimates that the refined tin market was in an “apparent” deficit of 4,100 tonnes in the first nine months of 2019, significantly smaller than the deficit of 9,000 tonnes over the same period of last year....Read More

Chinese smelters maximise output on favourable TCs The latest customs figures showed China’s imports of zinc concentrate totalled 250,046 tonnes in October, up 21% year on year. This helped to raise the year-to-date import volume to 2.506 million tonnes, a 3.7% increase over the first ten months last year. With TCs still strong, we would not be surprised to see concentrate imports continue to...Read More

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Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More

While Wall Street climbs to record highs on optimism for a United States-China trade deal and on merger and acquisition developments, the metals at best tread water, while some head lower. Asian equities are mainly stronger, led by a 0.83% rise in the Australian ASX 200 index.Meanwhile, gold and the yen are trending lower, but US government bond yields are weaker - so a mixed picture for the...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade.Bank of Nova Scotia (BNS $75.80) is expected to open higher after reporting higher than consensus fiscal fourth quarter earnings.Best Buy advanced $3.05 to $77.30 after reporting higher than consensus third quarter earnings. The company also raised guidance. Dick's Sporting Goods gained $5...Read More