The global antimony market was largely quiet in the week ended Friday January 11, with prices in China and Europe unchanged. In Europe, Fastmarkets' price assessment for MMTA standard grade II antimony, in-warehouse Rotterdam, was stable week on week at $7,700-7,900 per tonne on Friday. The price for trioxide-grade antimony, in-warehouse Rotterdam, was also steady at $7,900-8,100 per tonne on Frid...Read More

The Turkish steel producers skipped the first day of the week without any deep-sea bookings, while prices were little changed, sources said on Monday January 14.Turkish mills have booked some deep-sea cargoes in the past week from US and Baltic Sea suppliers at around $280 per tonne cfr for HMS 1&2 (80:20) to replenish their stock levels. However, the weakness in finished steel markets w...Read More

Domestic scrap prices in Turkey remained largely stable on the back of moderate demand over the past week, sources said on Monday January 14.Fastmarkets' weekly price assessment for domestic auto bundle (DKP-grade) ferrous scrap was TRY1,450-1,590 ($266-292) per tonne delivered on January 14, widening from TRY1,480-1,550 per tonne last week.Long and flat steel producer...Read More

Comex copper prices softened Monday morning in the United States amid new evidence that the trade war is hurting the Chinese economy.The copper price for March settlement on the Comex division of the New York Mercantile Exchange declined 3.10 cents to $2.6310 per lb. In December, Chinese trading activity declined as part of the ongoing trade war with the US. The trade balance rose to $395 bil...Read More

The antimony and gold processing facility that is being built in the Port of Sohar Free Zone in Oman by Strategic & Precious Metals Processing (SPMP) will need further capital expenditure and additional working capital, Fastmarkets heard on Monday January 14.This was due to delays to the production of first metal and to the full commissioning of the plant.Tri-Star Resources, which has a 40% stake...Read More

Three-month base metals prices on the London Metal Exchange were for the most part weaker this morning, Monday January 14, following the release of weak Chinese trade data.Three-month tin was the only LME base metal in positive territory with a 0.4% gain, while aluminium was little changed and the rest were down between 0.7% for nickel and 1% for zinc - with copper off by 0.8% at $5,911 per tonne....Read More

Key data from the Friday January 11 pricing session in Europe.Key drivers - Spot market inquiries picked up in the first full week of January, but an overhang of alloy-grade material not committed to long-term contracts after an aggressive fourth-quarter mating season generated aggressive offers. - Alloy-grade business was concluded as low as around $20 per lb for inquiries...Read More

China's hot-rolled coil prices picked up on Monday January 14 following increases in the futures market, while exporters kept their offers high amid a strengthening of the yuan.DomesticEastern China (Shanghai): 3,630-3,650 yuan ($537-540) per tonne, narrowing upward by 10 yuan per tonneNorthern China (Tianjin): 3,630-3,650 yuan per tonne, up 10-20 yuan per tonnePrices rose nationwide during the da...Read More

China's ferrous futures, apart from the iron ore contract, had a strong start to the trading week, ending the morning session on Monday January 14 higher than their opening prices.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,559 yuan ($526) per tonne, up 25 yuan per tonne May hot rolled coil: 3,453 yuan per tonne, up 25 yuan per tonne Dalian Commodity Exchange Ma...Read More

While decreasing raw material costs have driven special bar quality (SBQ) prices down by $1.50 per hundredweight ($30 per short ton) across all grades, most sources offered an optimistic forecast for the year ahead.Fastmarkets AMM's assessment for 1-inch round 1000 series (carbon) hot-rolled bar was $43.50 per cwt ($870 per ton) fob mill on Friday January 11, down 3.3% from $45 per cwt previously...Read More

China's rebar prices moved higher on Monday January 14 in both the domestic and the export market amid rising futures and optimism among producers. Domestic Eastern China (Shanghai): 3,720-3,760 yuan ($550-556) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,650-3,690 yuan per tonne, up 10 yuan per tonneRebar futures rose sharply at the open of today's trading session, pushing...Read More

Import prices for rebar in Singapore fell over the past week on soft end-user demand despite the return of key market participants. The appreciation of the Chinese yuan to 6.79 yuan to a US dollar last Friday January 11 - from 6.88 yuan per dollar at the start of the year - did not lend any support to the market.Fastmarkets MB's import price assessment for rebar in Southeast Asia - which mainly lo...Read More

The Turkish steel producers skipped the first day of the week without any deep-sea bookings, while prices were little changed, sources said on Monday January 14.Turkish mills have booked some deep-sea cargoes in the past week from US and Baltic Sea suppliers at around $280 per tonne cfr for HMS 1&2 (80:20) to replenish their stock levels. However, the weakness in finished steel markets w...Read More

Domestic scrap prices in Turkey remained largely stable on the back of moderate demand over the past week, sources said on Monday January 14.Fastmarkets' weekly price assessment for domestic auto bundle (DKP-grade) ferrous scrap was TRY1,450-1,590 ($266-292) per tonne delivered on January 14, widening from TRY1,480-1,550 per tonne last week.Long and flat steel producer...Read More

Anglo American sold a Minas Rio cargo based on the Fastmarkets MB 66% Fe iron ore concentrate index, market sources said on Monday January 14, following restart of operations at the mine last month.The spot market trade involved a 170,000-tonne cargo of 67.7% Fe blast furnace pellet feed material sold at the February average of the Fastmarkets MB 66% Fe iron ore concentrate cfr China index, adjust...Read More

Buying activity started to revive gradually in the CIS export steel billet market after the new year holidays, Fastmarkets has heard. Several large sales were reported from Ukraine to Asia, helping to keep prices stable.Billet offers from the CIS region were mainly heard within the range of $405-410 per tonne fob Black Sea. Some mills gave higher offers, but these were rejected by market participa...Read More

China's rebar prices moved higher on Monday January 14 in both the domestic and the export market amid rising futures and optimism among producers. Domestic Eastern China (Shanghai): 3,720-3,760 yuan ($550-556) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,650-3,690 yuan per tonne, up 10 yuan per tonneRebar futures rose sharply at the open of today's trading session, pushing...Read More

The Chinese ferro-silicon market fell for the third week in a row in the week ended Friday January 11, extending losses amid persistently high volumes on offer from smaller producers, Fastmarkets has learned.Elsewhere, the European market has been quiet in January, but held steady despite subdued trading. China market sees further losses More Chinese losses expected ahead of lunar new year holiday...Read More

Investing.com - Gold prices edged up on Monday in Asia while the U.S. dollar was little changed as investors await further news on additional rate hikes in the coming months.Gold futures edged up 0.2% at $1,292.25 on the Comex division of the New York Mercantile Exchange by 1:09 AM ET (06:09 GMT).The U.S. dollar index that tracks the greenback against a basket of other currencies slipped 0.07% to...Read More

From 2019, Chinese central government regulators will begin a new round of environmental protection inspections in the country's metals and mining industry, which will take about four years to complete.The affected regions include all 31 provinces - including districts and cities - in China that were included in an earlier round of environmental inspections that took place over the past three year...Read More