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Trade log May 2018: Ferro-tungsten, APT

May 02, 2018 / www.metalbulletin.com

The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price quotations, follow the links below:China- APT, fob China- Ferro-tungsten, fob ChinaEurope- APT, cif Rotterdam- Ferro-tungsten, in-warehouse Rotterdam...Read More

TITANIUM SNAPSHOT: Alloy market edges up; scrap market steady

May 02, 2018 / www.metalbulletin.com

Key data from the Wednesday May 2 pricing session in Europe.Key drivers - The ferro-titanium spot market has moved up in its trading range and about 600 tonnes of alloy was reported to have been traded. - All of the tonnage was reported sold at above $5 per kg delivered duty paid. There is a persistent divergence between what producers are reported being traded and what is being assessed by trader...Read More

MB NON-FERROUS PRICE CHANGES 02/05: Noble alloys & ores

May 02, 2018 / www.metalbulletin.com

The following Metal Bulletin noble alloys and ores prices changed on Wednesday May 2:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $12.30-12.45 per lb from $12.30-12.55 Ferro-molybdenum basis...Read More

MB NON-FERROUS PRICE CHANGES 02/05: Minor metals

May 02, 2018 / www.metalbulletin.com

The following Metal Bulletin minor metals prices changed on Wednesday May 2:Minor metals Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 51,000-51,500 yuan per tonne from 51,500-52,000 yuan...Read More

Brazilian iron ore exports rise in April due to lower prices

May 02, 2018 / www.metalbulletin.com

Brazilian iron ore export volumes increased by more than 7% year on year in April, according to figures released by national foreign trade ministry MDIC on Wednesday May 2.Iron ore shipments totaled 25.88 million tonnes last month versus 24.05 million tonnes in the same month last year.But export revenue fell by 8.6% to $1.48 billion from $1.62 billion in the same comparison...Read More

DAILY SCRAP REPORT: Negotiations for May bookings continue, prices firm

May 02, 2018 / www.metalbulletin.com

The Turkish deep-sea scrap import market remained quiet on Wednesday May 2, after a break for public holidays in Turkey and across much of Europe on May 1, but steel mills were still expected to book more cargoes for May delivery.Turkish steel mills have booked more than 20 deep-sea cargoes for May delivery so far, and more cargoes are expected to be bought in the next few days, according to marke...Read More

IRON ORE DAILY: Seaborne market bolstered by steel mill price hikes

May 02, 2018 / www.metalbulletin.com

The seaborne iron ore market picked up after the May 1 public holiday, following the announcement by steel mills of price hikes for early May shipments. Metal Bulletin 62% Fe Iron Ore Index: $66.98 tonne cfr Qingdao, up by $1.55 per tonne Metal Bulletin 58% Fe Premium Index: $55.94 per tonne cfr Qingdao, up by $0.46 per tonne  Metal Bulletin 65% Fe Iron Ore Index: $85.30 per tonne cfr Qi...Read More

DAILY SCRAP REPORT: Labor day holidays put markets on hold [CORRECTED]

May 02, 2018 / www.metalbulletin.com

Holidays in Turkey and across much of Europe for the traditional May 1 Labor Day meant that there was little change in prices for Turkish imports of deep-sea scrap from European and US suppliers, sources said on Tuesday May 1.Renewed business activity is expected later in the week when traders return to work, they added.Market sentiment is cautious about how much more prices may increase in the ne...Read More

COKING COAL DAILY: Seaborne market stable amid a rebound in sentiment

May 02, 2018 / www.metalbulletin.com

The seaborne coking coal spot market was stable on Wednesday May 2, although market sentiment was generally more positive."The market had earlier fallen too much, and this is a normal correction," a trading source said. Premium low-vol cargoes with May and June laycan were heard offered against index with 4% premium, according to a northeastern end user. "We haven't started offering yet...Read More

Steelmaking Raw Materials Trade Log, May 2, 2018

May 02, 2018 / www.metalbulletin.com

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transactions: iron oreIron oreRio Tinto, tender, 170,000 tonnes of...Read More

LIVE FUTURES REPORT 02/05: Comex copper stages modest recovery in midweek session

May 02, 2018 / www.metalbulletin.com

Comex copper prices bounced-back Wednesday morning in the US with the complex oversold after a five-day rout.Copper for July settlement on the Comex division of the New York Mercantile Exchange recovered 3.05 cents - or 1% - to $3.0680 per lb. "We are seeing a slight bounce in metals prices today, partly...Read More

SHFE vs LME physical arbitrage 02/05: Copper, aluminium, zinc, nickel

May 02, 2018 / www.metalbulletin.com

The arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday May 2*Copper -$74.53 (-475.02 yuan) Aluminium -$498.71 (-3,178.71 yuan) Zinc -$33.53 (-213.7 yuan) Nickel -$259.31 (-1,652.79 yuan) *Metal Bulletin calculates the physical arbitrage for import...Read More

GLOBAL NICKEL WRAP: Global premiums steady in quiet trading week

May 02, 2018 / www.metalbulletin.com

Nickel premiums across all locations remained little changed in the week ending May 1, with national holidays leading to a quiet market. European premiums steady with lack of demand Thin market due to Labour Day holiday in China  US firm for the seventh consecutive weekEuropean premiums stable in quiet market Metal Bulletin's European nickel premiums were stable on Tuesday, with a lack of tra...Read More

MINOR METALS MARKET REPORT 02/05: Tellurium prices rise on solar industry demand

May 02, 2018 / www.metalbulletin.com

An overview of the minor metals markets and the reasons for any price moves.Read More

METALS MORNING VIEW 02/05: Metals prices rebound on recovery in volume after China returns

May 02, 2018 / www.metalbulletin.com

Base metals prices on the London Metal Exchange were for the most part firmer on the morning of Wednesday May 2, with five of the six base metals showing gains averaging 0.6%, while tin bucked the trend with a 0.1% decline. Copper led on the upside with a 1% gain to $6,816 per tonne.Volume on the LME has rebounded with the return of Chinese participants following public holidays in China on Monday...Read More

China's crude stainless steel output rises in Q1

May 02, 2018 / www.metalbulletin.com

China's crude stainless steel output rose 6.5% in the first quarter of 2018, while both exports and imports also increased in the period.The country produced 6.53 million tonnes of crude stainless steel, up 399,000 tonnes from an adjusted 6.13 million tonnes in the first three months of last year, according to data released by the China Stainless Steel Council late on Friday April 27.Mills raised...Read More

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

May 02, 2018 / www.metalbulletin.com

All MB non-ferrous UK scrap and foundry ingot prices were unchanged on Wednesday May 02.NB: prices...Read More

Rio Tinto to double number of autonomous drills at Pilbara mines

May 02, 2018 / www.mining.com

Mining giant Rio Tinto (ASX, LON, NYSE: RIO) plans to double its fleet of autonomous production drill rigs this year at its iron ore mines in the Pilbara region of Western Australia, where driverless trucks already haul over a quarter of both ore and waste material.Four additional drills, retrofitted with autonomous drilling system technology, were recently deployed at the company's Yandicoogina m...Read More

S.Africa gold miners to sign silicosis lawsuit settlement this week

May 02, 2018 / www.mining.com

South African gold producers are expected to sing this week a settlement in a lawsuit over fatal lung disease and tuberculosis miners contracted while working for them, ending this way the country's largest ever class action against mining companies.Speaking to Reuters, lawyer Richard Spoor, who represents about half a million workers and their families, said the companies would sign the out-of-...Read More

StrikePoint grabs historic Porter Idaho silver asset from Skeena

May 02, 2018 / www.mining.com

Canada's StrikePoint Gold (TSX-V: SKP) (OTCQB: STKXF) said Wednesday it has agreed to buy fellow junior Skeena Resources' (TSX-V: SKE) historic Porter Idaho silver property located near Stewart, in British Columbia's prolific Golden Triangle.As part of the deal, Skeena will receive Cdn$1.75 million in cash plus another Cdn$1.75 million in StrikePoint common shares at a value of Cdn$0.225, based up...Read More

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