MOSCOW – Alrosa, the world’s largest diamond miner by output, is increasing its marketing efforts and targeting new opportunities in gem cutting at a time when the market is showing signs of starting to stabilize.The Russian firm, which typically hasn’t promoted stones outside Russia, last year contributed $25-million to the Diamond Producers Association for marketing and may inc...Read More
RAPAPORT...Mountain Province saw $52 million in revenue from its GahchoKu?(C) mine in the first quarter of 2018 amid strong demand for rough diamonds. "Rough-diamond markets in general continued to firm notablythrough the quarter, with strong demand and price increases reported across allproduct categories, supported by robust retail jewelry sales reported from boththe US and Asian markets," said...Read More
Prices for steel rebar in the United Arab Emirates and Saudi Arabia were stable this week although demand remained weak, sources told Metal Bulletin on Tuesday May 15.The market was expected to remain slow in the near term because of the Islamic holy month of Ramadan, which begins later this week, and during which working hours will be reduced.Domestic rebarThe major rebar producers in the UAE hav...Read More
The name change will reflect its renewed strategic direction and focus on its high-quality gold exploration targets in the Northern Territory's Tanami region where it aims to accelerate testing.The change will take effect after the Australian Securities and Investments Commission alters the ABM's registration details in the coming weeks, with the ASX listing code changing to PRX.ABM recently signe...Read More
RAPAPORT... Fancy blue diamonds outperformed other major colorcategories in price terms during the first quarter, the Fancy Color ResearchFoundation (FCRF) said.Prices for fancy blues jumped 5% year on year for the threemonths ending March 31, according to the FCRF, which released its quarterlyFancy Color Diamond Index (FCDI) on Monday.By contrast, prices of fancy pink diamonds declined 1.7%,...Read More
Gains in the billet and futures markets on Tuesday May 15 gave domestic rebar prices in China a small boost.Domestic Eastern China (Shanghai): 3,980-4,030 yuan ($628-636) per tonne, up 20 yuan per tonne Northern China (Beijing): 3,940-3,970 yuan per tonne, narrowed upward by 10 yuan per tonne Traders raised their prices following gains in the futures market during Monday's night trading session as...Read More
Rangebound 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.S...Read More
Import prices for steel billet and slab in Southeast Asia were relatively steady over the past week amid soft demand as a result of subdued sales downstream, particularly in Indonesia.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $550-560 per tonne cfr for the week ended Monday May 14, narrowing upward by $5 per tonne from a week earlier.Deals involving billet...Read More
Aluminium consolidating around the $2,300 per...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 i...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points in pre-opening trade. Index futures moved lower following release of economic news at 8:30 AM EDT. Consensus for April Retail Sales was an increase of 0.3% versus a revised gain of 0.8% in March. Actual was an increase of 0.3%. Excluding auto sales, consensus for April Retail Sales was an increase of 0.5% ve...Read More
Market acceptance of the quarterly European ferro-chrome benchmark system will continue for at least the short term, according to market participants polled by Metal Bulletin. Discontent with the settlement in previous years appears to have faded because of the stability it offers in relation to the volatility seen on the Chinese spot market. The benchmark is set in negotiations between the buy an...Read More
SHANGHAI, May 15 (SMM) – Most nonferrous metals rose on Tuesday May 15 except for SHFE copper and lead. SHFE nickel led the gains and closed 1.7% higher. Aluminium, zinc, and tin went up slightly. The ferrous complex rose across the board with coke leading the gains with a rise of over 1%. Coking coal increased nearly 1%, hot-rolled coil gained 0.7%, while rebar and iron ore inched up.C...Read More
SHANGHAI, May 15 (SMM) – Most nonferrous metals rose on Tuesday May 15 except for SHFE copper and lead. SHFE nickel led the gains and closed 1.7% higher. Aluminium, zinc, and tin went up slightly. The ferrous complex rose across the board with coke leading the gains with a rise of over 1%. Coking coal increased nearly 1%, hot-rolled coil gained 0.7%, while rebar and iron ore inched up.C...Read More
Aluminium Last week our headline was that aluminium 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 dow...Read More
SHANGHAI, May 15 (SMM) – Most nonferrous metals rose on Tuesday May 15 except for SHFE copper and lead. SHFE nickel led the gains and closed 1.7% higher. Aluminium, zinc, and tin went up slightly. The ferrous complex rose across the board with coke leading the gains with a rise of over 1%. Coking coal increased nearly 1%, hot-rolled coil gained 0.7%, while rebar and iron ore inched up.C...Read More
Chinese ferro-silicon prices strengthened in the week ending Friday May 11 after production was cut in the country due to higher electricity costs for producers, with the trend seen persisting through June. Chinese consumers look to buy ahead of higher prices US market sags amid inactivity, more imports European spot market stagnates after second-quarter settlements Chinese domestic f...Read More
HONG KONG, May 15 (SMM) – The outlook on China’s macroeconomics appears more bullish than it was at the start of the year, according to Ian Roper, general manager of SMM Singapore.It was clear at the start of the year that China looked to slow down growth by tightening credit and cutting infrastructure spending, given stronger global economic growth, Roper told delegates at t...Read More
SHANGHAI, May 15 (SMM) –Copper: LME copper plummeted to a low of $6,850/mt last night as LME copper inventory grew 8,900 mt. This was the first increase in inventory after close to two weeks of decline. LME copper stood below the five-day moving average with significant pressure from several moving averages above. It is likely to trade at $6,850-6,900/mt today. The SHFE 1807 contract was dra...Read More
Copper witnesses some short-covering... LME copper...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 lat...Read More
HONG KONG, May 15 (SMM) – The outlook on China’s macroeconomics appears more bullish than it was at the start of the year, according to Ian Roper, general manager of SMM Singapore.It was clear at the start of the year that China looked to slow down growth by tightening credit and cutting infrastructure spending, given stronger global economic growth, Roper told delegates at t...Read More