RAPAPORT... Alrosa has stopped supplying rough diamonds to Lev Leviev'sLLD Diamonds through its contract-sales arrangement, as part of a reshuffle of the miner's long-term client list.The tycoon's Israel-based firm is one of "several" former customersthat have dropped off the 2019 supply roster, known as the Alrosa Allianceprogram, the Russian company said. "Last year, there was a decision to...Read More
Trade log for nickel sulfate in China including transactions, bids and offers reported to Fastmarkets MB.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis. Fastmarkets MB prices Click here for Fastmarkets MB's price assessment for nickel sulfate, Ni 21% min 22.5% max, China ex-works, yuan/tonne. The exchange rate according to...Read More
RAPAPORT... The Gemological Institute of America (GIA) will offer $2million in scholarship funds to aspiring students in 2019, it said Wednesday. Students interestedin its gemology and jewelry-manufacturing arts programs, distance-educationcourse and lab classes can apply for funding. "Scholarships are a very important part of ourmission-driven education programs, helping hundreds of student...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday January 31 *Copper -$140.48 (-943.56 yuan) Aluminium -$371.26 (-2,493.56 yuan) Zinc -$60.86 (-408.77 yuan) Nickel -$290.82 (-1,953.32 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
Operations have resumed at Aim-listed BlueRock Diamonds’ Kareevlei diamond mine, in Kimberley, in South Africa’s Northern Cape province.This follows a temporary suspension of operations from January 22, after the Department of Mineral Resources imposed a Section 54 notice.AdvertisementThe Section 54 notice was in relation to the code of practice relating to the operation of trackless m...Read More
RAPAPORT... Revenue from jewelry and watches at LVMH Mo?<
(IDEX Online) - Tach?(C) company and Samir Gems jointly announce the purchase of the 29.59-carat fancy pink diamond, "The Rose of Kao" (Lesotho). The diamond was purchased at an undisclosed price by a partnership between Tach?(C) and Samir Gems, Tach?(C) said in a statement. Under the deal, Namakwa Diamonds will retain an ownership percentage in the diamond, thus participating in th...Read More
A dovish US Federal Reserve stance, a weaker dollar and a firmer Chinese yuan, which may indicate confidence in US-China trade talks, are all helping to underpin the three-month base metals prices on the London Metal Exchange this morning, Thursday January 31.Lead and zinc prices led on the upside with gains of 0.6% and 0.5% respectively,followed by rises of 0.4% in tin, 0.3% in aluminium, 0.2% in...Read More
Swedish steelmaker SSAB forecasts that demand for heavy steel plate will remain strong in the United States in the first quarter of 2019, while in Europe demand will be fairly stable.SSAB, which has operations in Sweden, Finland and the US, expects steel prices in the first quarter to be "somewhat higher for SSAB Americas, compared with the fourth quarter of 2018. Prices realized by SSAB Europe du...Read More
Steel billet import prices in Egypt increased this week on higher offers, and the market is expecting rebar prices to increase as well, sources told Fastmarkets on Thursday January 31.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $450-455 per tonne cfr on Thursday, rising from $425-440 per tonne cfr last week.Billet producers in the CIS were offering material to Egy...Read More
RAPAPORT... Petra Diamonds' shares fell more than 15% in early trading Monday after theminer reported a significant slide in rough-diamond prices at its flagshipCullinan asset. The average price plunged 31% to $96 per carat at the miner'sSouth African asset in the first fiscal half ending December 31. That compares with an average of $140 per carat for the nine and a half years spanning July...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBilletCIS, export, billet, offered...Read More
The world's largest steelmaker, ArcelorMittal, has announced a price rise of ?,?30 ($34) per tonne on flat steel products, market sources told Fastmarkets on Thursday January 31.The price increase will be applied to hot-rolled coil (HRC), cold-rolled coil (CRC) and hot-dipped galvanized coil (HDG) across Europe with immediate effect, according to market participants. ArcelorMittal has been trading...Read More
Domestic prices for heavy steel plate in Europe have been largely stable over the week amid slow market activity, market sources told Fastmarkets MB.Buyers in the region are reported to have sufficient stocks of plate so therefore, are not interested in making new deals, market participants said.Fastmarkets MB's weekly price assessment for domestic grade-S235JR heavy steel plate in Southern Europe...Read More
A dovish US Federal Reserve stance, a weaker dollar and a firmer Chinese yuan, which may indicate confidence in US-China trade talks, are all helping to underpin the three-month base metals prices on the London Metal Exchange this morning, Thursday January 31. Lead and zinc prices led on the upside with gains of 0.6% and 0.5% respectively, followed by rises of 0.4% in tin, 0.3% in aluminium,...Read More
Fastmarkets MB Research has a very good track record of producing accurate price forecasts for the base metals. In Fastmarkets’ Apex survey, which ranks the forecasting accuracy of more than 20 commodity bank analysts and trading desks, we regularly feature in the top-five leader boards. Bronze for Fastmarkets In the latest results, published last week, we took the number three...Read More
Seaborne iron ore prices jumped above $85 per tonne cfr China on Thursday January 31, with deals for Brazilian fines closing at higher levels after Vale's decision to reduce the output of its southern systems.MB 62% Fe Iron Ore Index: $85.34 per tonne cfr Qingdao, up $2.81 per tonne. MB 62% Fe Pilbara Blend Fines Index: $86.18 per tonne cfr Qingdao, up $2.81 per tonne. MB 62% Fe Iron Ore Index-Low...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: iron oreIron oreVale, Beijing Iron Ore Trading Center (Corex),...Read More
The seaborne coking coal spot market quietened down on Thursday January 31 amid a softening of sentiment in China, where import restrictions have emerged at ports in the country's northeastern region.While word had emerged on Wednesday about customs authorities not clearing Australian coking coal for entry at the Port of Dandong in Liaoning province, a mill source in the northeastern region said t...Read More
Fastmarkets MB is seeking feedback on a proposal to begin publishing on a weekly basis its value-in-use (VIU) indices for the market-implied value impact of 1% iron, silica and alumina, and 0.01% phosphorus on the price of iron ore. Depending on market feedback, this proposal would be implemented from Monday March 4.These indices are currently calculated on a monthly basis and published on the fir...Read More