Molybdenum prices have dropped in Europe in line with demand in the past few days, with traders waiting for consumer buying interest to pick up before committing to any significant inter-merchant business, sources said.Market participants have not reported to Fastmarkets MB any molybdenum trades in either oxide or ferro-molybdenum in the first half of the week. Alloy deals of around 60 tonnes were...Read More

BHP's zinc concentrates production rose 5% year on year in the three months ended September 30, 2018, according to the company's quarterly production report released on Wednesday October 17. The company produced 30,558 tonnes in the July-September period, up 5% from 29,201 tonnes in the same period of 2017, although production dropped by 15% on a quarterly basis. The miner produced 35,983 tonnes o...Read More

Vanadium trade log including business, bids and offers reported to Fastmarkets MB.To view the latest price quotations, click the links below:Europe- Ferro-vanadium delivered duty-paid in Europe- Vanadium pentoxide in-warehouse RotterdamChina- Ferro-vanadium, 78% min, fob China, $ per kg V- Vanadium pentoxide, 98% min, fob China, $ per lb V2O5Wednesday October 17Ferro-vanadium - Prices indicated at...Read More

Vale's cobalt production fell 31% in the third quarter of 2018 mainly due to decreased output from its Sudbury and Voisey's Bay operations. Vale produced 1,028 tonnes of cobalt in the three months to the end of September compared with 1,489 tonnes in the same quarter of 2017. A 22.5% fall in third-quarter production from Voisey's Bay to 371 tonnes from the previous quarter was caused by scheduled...Read More

Ningxia Tianyuan, the world's largest manganese flake producer, is expected to resume production at its 800,000-tonne-per-year capacity site in December, sources told Fastmarkets MB. The company is currently operating at a reduced capacity of 600,000 tpy after it suspended one of its production lines in May, according to the sources. Ningxia Tianyuan, which accounts for around 40% of global mangan...Read More

The Turkish deep-sea scrap market showed signs of renewed activity on Thursday October 18, with prices being pushed upward by rumors of a new cargo booking.So far this week, no deep-sea cargo bookings have been heard, but rumors of a European cargo being sold were circulating on the market today. But the details began to emerge...Read More

The Thursday Market Minute Global stocks weaken as investors re-price risk following a hawkish reading of the latest Fed minutes that suggests near-term rate hikes will continue as the domestic economy expands and inflation accelerates.China stocks fall to a four-year low in the face of a firmer dollar and rising bond yields, with little relief coming from a U.S. Treasury report that stopped sho...Read More

The Comex copper price tumbled in the morning on Thursday October 18 after the US Federal Reserve indicated another interest rate rise is imminent. The copper price for December settlement on the Comex division of the New York Mercantile Exchange dipped 4.10 cents to $2.7370 per lb. The broad-based weakness in the base metals follows a rebound in the dollar after the minutes from the US Federal Op...Read More

Vale's cobalt production fell 31% in the third quarter of 2018 mainly due to decreased output from its Sudbury and Voisey's Bay operations. Vale produced 1,028 tonnes of cobalt in the three months to the end of September compared with 1,489 tonnes in the same quarter of 2017. A 22.5% fall in third-quarter production from Voisey's Bay to 371 tonnes from the previous quarter was caused by scheduled...Read More

Chinese cobalt metal and salts prices fell in the midweek pricing session following an 17.8% drop in local futures contract prices, which dented buying sentiment. Fastmarkets MB's Chinese domestic cobalt metal price fell by 3.6% to 450,000-490,000 yuan per tonne ($25.52-27.68 per lb, China-VAT free) on Wednesday October 17, from 475,000-500,000 yuan per tonne on Friday. Market participants at...Read More

China's domestic hot-rolled coil prices decreased on Thursday October 18 following a sharp drop in the futures market. DomesticEastern China (Shanghai): 4,210-4,230 yuan ($608-611) per tonne, down 20 yuan per tonneNorthern China (Tianjin): 4,110-4,120 yuan per tonne, down 10 yuan per tonneThe significant drop in the futures market dampened demand for HRC and pushed down spot prices for the product...Read More

China's ferrous futures ended morning trading slightly higher than their opening prices on Thursday October 18, having been trending downward since during Wednesday night's session. Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,168 yuan ($602) per tonne, up 3 yuan per tonne January hot rolled coil: 3,921 yuan per tonne, up 2 yuan per tonne Dalian Commodity Exc...Read More

Prices for US domestic rebar remained flat despite a modest gain in Chicago shredded scrap prices, while imported prices remain static due to a lack of confirmed market activity. Fastmarkets AMM's assessment for domestic rebar held at $35-36 per hundredweight ($700-720 per short ton) fob Midwest mill on Wednesday October 17, while imported rebar remained at $676-700 per ton cfr Port of Houston. No...Read More

Turkish domestic prices for rebar and wire rod continued to slide in the week ended Thursday October 18. But this time the drop was spurred not only by modest demand but also by the strengthening of the local currency against the US dollar.The country's domestic long steel prices are strongly connected to the lira-dollar exchange rate and move in line with that, because mills buy their raw materia...Read More

Imported steel billet prices in Egypt decreased in the week ended Thursday October 18, with demand in the country remaining weak.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $480-485 per tonne cfr on Thursday, falling from...Read More

Buyers held back from trading in the export market for pig iron from the Commonwealth of Independent States during the week ended Thursday October 18, because there was enough material available for them to ignore high offer prices.Fastmarkets' export price assessment for high-manganese pig iron from the CIS was $360-370 per tonne fob Black Sea on October 18, narrowing downward from $360-375 per t...Read More

The Turkish deep-sea scrap market showed signs of renewed activity on Thursday October 18, with prices being pushed upward by rumors of a new cargo booking.So far this week, no deep-sea cargo bookings have been heard, but rumors of a European cargo being sold were circulating on the market today. But the details began to emerge...Read More

Seaborne iron ore prices were rangebound on Thursday October 18, with the market showing signs of cooling off from Wednesday's bullishness.MB 62% Fe Iron Ore Index: $73.58 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Pilbara Blend Fines Index: $72.61 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $78.60 per tonne cfr Qingdao, down by $0.15 per tonne.MB...Read More

Turkish steel billet prices have fallen over the past week because of poor demand both domestically and abroad as well as a strengthening of the lira against the dollar.The lira started to gain in value by the end of last week after the release of US pastor Andrew Brunson in Turkey, who hads been detained by local authorities because of alleged links to outlawed political groups. He was freed by a...Read More

Imported steel billet prices in Egypt decreased in the week ended Thursday October 18, with demand in the country remaining weak.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $480-485 per tonne cfr on Thursday, falling from...Read More