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RUSSIA REBAR: Prices dip as supply increases

August 07, 2019 / www.metalbulletin.com

Rebar prices in Russia's major steel-consuming region, the Central Federal District, decreased over the week ended Monday August 5 because of increased supplies.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, cpt Moscow, Russia, including 20% VAT, was 40,000 roubles ($612) per tonne on Monday, down from 41,000-41,500 roubles per tonne a week before."The demand is s...Read More

Flat Steel Products Trade Log, August 6, 2019

August 07, 2019 / www.metalbulletin.com

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: hot-rolled coilHot-rolled coilEast China, domestic,...Read More

Lucapa discovers 64ct diamond in Lesotho

August 06, 2019 / www.miningweekly.com

KALGOORLIE (miningweekly.com) – Diamond miner Lucapa Diamond Company has recovered a 64 ct diamond from its Mothae kimberlite mine, in Lesotho.The Type IIa D-colour gem is considered to be the best individual diamond recovered to date from the Mothae mine, Lucapa MD Stephen Wetherall said on Tuesday.Advertisement“The recovery of this exceptional 64 ct gem also represents a great start...Read More

CHINA HRC: Prices down amid dampened sentiment

August 07, 2019 / www.metalbulletin.com

The price of hot-rolled coil in China continued to drop on Tuesday August 6, with sentiment showing a bearish attitude toward price trends.DomesticEastern China (Shanghai): 3,690-3,700 yuan ($525-526) per tonne, down 40 yuan per tonneNorthern China (Tangshan): 3,730 yuan per tonne, down 20 yuan per tonneTrading was moderate, even if sellers did cut prices, a Shanghai-based trader said.Mills in the...Read More

BlueRock completes crushing circuit upgrade at Kareevlei

August 02, 2019 / www.miningweekly.com

Aim-listed diamond mining company BlueRock has completed the upgrade to the crushing circuit, including the installation of a larger cone crusher, at the Kareevlei mine in the Kimberley region of South Africa.In addition to the installation of the new crusher, the crushing circuit has been upgraded and reconfigured to handle the expected increase in material flows and is now set up to be able to o...Read More

COKING COAL DAILY: Seaborne prices continue to search for bottom

August 07, 2019 / www.metalbulletin.com

Seaborne coking coal prices softened further on Tuesday August 6 with bearishness extending amid limited buying from traders. A cargo of premium mid-vol product with laycan in the second half of August traded recently at $164 per tonne cfr China, sources told Fastmarkets on Tuesday. This compared with similar materials heard sold at $165.50-166 per tonne cfr around the past weekend. A top-brand ca...Read More

Market Summary: Low case price forecast scenarios coming into view

August 06, 2019 / www.metalbulletinresearch.com

Low...ACCESS 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 latest issue as soon as it’s published.Subscr...Read More

IRON ORE DAILY: Prices drop below $100/t on building sell-off momentum

August 07, 2019 / www.metalbulletin.com

Seaborne iron ore prices continued to retreat on Tuesday August 6 with sellers still more pressured than buyers to complete deals. Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $97.55 per tonne, down $3.01 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $96.05 per tonne, down $3.01 per tonne. Fastmarkets' index for iron ore 62% Fe low alumina fines,...Read More

Aluminium: New lows more likely now

August 06, 2019 / www.metalbulletinresearch.com

US to impose 10% tariff on...ACCESS 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 latest issue as soon as it&...Read More

Steelmaking Raw Materials Trade Log, August 6, 2019

August 07, 2019 / www.metalbulletin.com

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transactions: iron oreIron oreRio Tinto, bilateral sale, 170,000 tonnes of 62% Fe Pilbara Blend...Read More

Technical analysis: Except nickel, many base metals getting oversold

August 06, 2019 / www.metalbulletinresearch.com

Aluminium Follow-through selling pressure pushed the LME three-month...ACCESS 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 forecast...Read More

Pressure mounts on Algerian import billet market while local capacities advance

August 07, 2019 / www.metalbulletin.com

The imported steel billet market in Algeria is expected to become tighter by the end of the year amid the development of local production capacities, sources told Fastmarkets."The [import billet market] is very close. It's not easy to do business with the two majors buyers of billet [Tosyali and Algerian Qatari Steel (AQS)]. Besides, Tosyali is working with [direct reduced iron] DRI and AQS will w...Read More

Copper: Unlikely to be sub-$6,000 for long

August 06, 2019 / www.metalbulletinresearch.com

Have we been too optimistic on...ACCESS 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 latest issue as soon as...Read More

Lead: Timeout after stock rise surprise

August 06, 2019 / www.metalbulletinresearch.com

Not such a tight lead...ACCESS 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 latest issue as soon as it’...Read More

Brazilian iron ore exports down 5% in July

August 07, 2019 / www.metalbulletin.com

Brazilian iron ore exports fell by 4.7% on the year in July, with Vale's successful resumption of some of its suspended operations slowing the rate of decrease in comparison with those a few months earlier, data released last week by Brazil's ministry of economy showed.The country exported 34.27 million tonnes of the steelmaking raw material last month, compared with 35.96 million tonnes a year ea...Read More

Nickel: Out on its own, for now

August 06, 2019 / www.metalbulletinresearch.com

Supply concerns still buoying nickel prices... In next...ACCESS 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...Read More

Tin: Still in a downward spiral

August 06, 2019 / www.metalbulletinresearch.com

Another week, another fresh low The...ACCESS 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 latest issue as so...Read More

Zinc: Bears back in charge

August 06, 2019 / www.metalbulletinresearch.com

Fresh year-to-date price lows Zinc prices...ACCESS 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 latest issue...Read More

Base metals investment analysis: Speculative short-selling has dominated the base metals

August 06, 2019 / www.metalbulletinresearch.com

ACCESS 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 latest issue as soon as it’s published.SubscribeRead More

Demand Indicators: August 6 2019

August 06, 2019 / www.metalbulletinresearch.com

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

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