Iron ore prices largely picked up on Monday November 19, apart from those for higher grades, leading to a further narrowing of the spread between 65% Fe and 62% Fe indices.MB 62% Fe Iron Ore Index: $76.11 per tonne cfr Qingdao, up $0.80 per tonne.MB 62% Fe Pilbara Blend Fines Index: $75.30 per tonne cfr Qingdao, up $0.19 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $79.80 per tonne cfr Qingdao,...Read More

* RBI to extend capital conservation buffer deadline for banks* RBI agrees on restructuring of loans to small firms -sources* RBI board meeting was cordial and satisfactory -sources* Meeting follows public rift between cenbank, govt (Updates to add detail, quotes, background)By Suvashree Choudhury and Manoj KumarMUMBAI/NEW DELHI, Nov 19 (Reuters) - The board of India's central bank advised it to a...Read More

* OPEC expected to cut supply to prevent glut* Russia says it will discuss deal with OPEC on Dec. 6* EU endorses France's Iran sanctions -diplomats* U.S. oil drilling points to more output: https://tmsnrt.rs/2Q97LFW (Updates with settlement prices)By Jessica Resnick-AultNEW YORK, Nov 19 (Reuters) - Crude futures rose ahead of settlement in choppy trade on Monday, supported by a reported drawdown o...Read More

Nov 19 (Reuters) - Indian shares ended higher on Monday as investors awaited an outcome of a central bank board meet with the government on key issues related to liquidity, lending rules for banks and handing over surplus reserves to the government.The broader NSE index .NSEI closed 0.76 percent higher at 10,763.40, while the benchmark BSE index .BSESN rose 0.9 percent to close at 35,774.88. Both...Read More

(For a live blog on European stocks, type LIVE/ in an Eikon news window)LONDON, Nov 19 (Reuters) - European shares started the week on the front foot, against spreadbetters' early expectations for a fall, as signs of an easing in U.S.-China trade war tensions boosted mining and technology stocks.Miners drove the lion's share of gains in Europe, with the basic resources sector .SXPP up 1.2 percent...Read More

Export prices for flat steel products from the Commonwealth of Independent States (CIS) moved lower in the week ended Monday November 19 because demand remained weak and the downtrend in China put pressure on the market."There was a possibility that the fall in prices would stop after the accident at Temirtau [ArcelorMittal's asset in Kazakhstan]," one trader from Russia told Fastmarkets. "But the...Read More

Turkish steel producers continued to hold back from the deep-sea scrap market on Monday November 19, because they expect more supplies from China to hit the market in the next few weeks.This is especially so for Chinese rebar, which is widely expected by market participants to be offered in increasing amounts in the near term while its domestic market softens."The price in China is falling....Read More

The latest news and price moves to start the Asian day on Tuesday November 20.Nickel futures on the London Metal Exchange continue to trade at their lowest level since December 2017 while supply disruptions from Indonesia are helping boost tin prices back toward $20,000 per tonne. Read more here in our live futures report.Here is how prices looked at the close of trading:Unwavering demand for...Read More

Vale must continue the stoppage at its Brazilian ferro-nickel operation, On??a Puma, and pay more than 100 million Reais ($27 million) in compensation to nearby indigenous communities, a Brazilian court ruled last week.The company will appeal against the decision in higher courts, Vale said. But the ruling, handed down on November 13, did not change the circumstances on the ground, because mining...Read More

Comex copper prices eased lower in morning trading on Monday November 19 in the United States amid early warning signs of a continuing impasse between that country and China ahead of the meeting of the G20 developed nations later this month.The copper price for December settlement on the Comex division of the New York Mercantile Exchange dipped by 0.35 cents per lb to $2.7950 per lb.Despite the po...Read More

London-listed NQ Minerals plc has signed an additional marketing and offtake agreement with Traxys Europe SA, adding to an arrangement signed with the commodities firm in August. The mining company, which shipped its first lead, gold and silver concentrates from its Hellyer operation to Traxys Europe earlier this month, has now agreed to sell all the precious metal and pyrite concentrate to be pro...Read More

Antofagasta will target record copper output in 2019 while expecting the market to head into a small deficit next year, boosting copper prices, its chief executive officer Ivan Arriagada said in an interview with Fastmarkets.The London-listed Chilean copper miner has issued guidance to produce 750,000-790,000 tonnes of copper in 2019, up 8% from this year's expected 705,000-720,000 tonnes."It will...Read More

The latest metal markets news and price moves to start the North American day on Monday November 19. Base metals prices on the London Metal Exchange were mostly higher during morning trading despite hawkish rhetoric on the US-China trade relations while a softer dollar index continues to support investment. Here's how base metals prices looked at 11:33am London time:Read our live futures report he...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday November 19 * Copper -$188.77 (-1,313.54 yuan) Aluminium -$425.33 (-2,959.55 yuan) Zinc -$144.92 (-1008.41 yuan) Nickel $752.76 (5,237.96 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More

Plate prices in the United States have held their ground over the past week, with industry participants still wondering whether the market has peaked or could see further upside in 2019.Fastmarkets AMM's price assessment for cut-to-length plate was unchanged at $49.50 per hundredweight ($990 per short ton) on Friday November 16.Lead times average six to nine weeks, according to market participants...Read More

Hot-rolled coil prices fell $1 per hundredweight - 2.5% - last week and now sit solidly below $40 per cwt ($800 per short ton).Fastmarkets AMM's daily US Midwest hot-rolled coil index dropped to $39.41 per cwt ($788.20 per ton) on Friday November 16, down 1.5% from $39.99 per cwt on the previous day and down 2.9% from a trailing five-day average of $40.60 per cwt.HRC prices started last week...Read More

CIS export slab prices continued to decline in the week ended Monday November 19, spurred by the weakening in the finished flat steel sectors both in the CIS and in the global markets, Southeast Asia in particular."Slab prices don't seem to have any upward momentum due to weak markets for hot-rolled coil [HRC] worldwide," a buyer source in East Asia said. "If the HRC [market] doesn't improve, re-r...Read More

CIS export billet prices continued to soften on Monday November 19 with lower bids and offers starting to be heard in the market, after the weakening of prices for imported scrap and exports of finished long steel in Turkey and the CIS.The downturn in the Asian billet market, amid lower offers and pessimism among buyers, created by the possibility of China's return to the export market, was anothe...Read More

Import prices for steel slab in Southeast Asia and East Asia fell in the week to Monday November 19, on lower bids from suppliers and persistently low demand as a result of sluggish domestic hot-rolled coil sales.Fastmarkets MB's weekly import price assessment for slab in Southeast Asia and East Asia was $460-470 per tonne cfr on November 19, down $10 per tonne from a week earlier.Major Indon...Read More

The black tungsten concentrate price in China continued to fall in the week to Friday November 16 amid weak demand, while the ammonium paratungstate (APT) market remained slow with participants awaiting further direction. Concentrates price continues downward trend  APT market remains slow  Ferro-tungsten prices in Europe edge up week on week on good spot demand In Europe, Fastmarkets a...Read More