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COKING COAL DAILY: Market stabilizes after days of declines

April 11, 2020 / www.metalbulletin.com

The seaborne coking coal market underwent another active day of spot trading on Thursday April 9, which resulted in prices remaining largely flat. Fastmarkets IndicesPremium hard coking coal, fob DBCT: $133.13 per tonne, down $1.14 per tonnePremium hard coking coal, cfr Jingtang: $138.25 per tonne, down $0.86 per tonneHard coking coal, fob DBCT: $120.01 per tonne, up $1.67 per tonneHard cokin...Read More

ASIA FERROUS SCRAP: Vietnam buyers dismiss higher offers; Taiwan prices inch up

April 11, 2020 / www.metalbulletin.com

Vietnamese buyers of imported ferrous scrap have dismissed higher offers this week due to the lower Kanto Tetsugen auction prices, while Taiwanese buyers are slowly increasing their bids in light of higher prices in key market Turkey. Market participants said they expect more spot trading activity next week when a clearer price outlook emerges. Vietnam Fastmarkets' weekly price assessment for...Read More

CHINA ALUMINA SNAPSHOT: Lower seaborne deals, weak global demand drag domestic price down 5%

April 11, 2020 / www.metalbulletin.com

Key data from Fastmarkets' pricing session in Shanghai on Thursday April 9. Key drivers  Extended lockdowns globally to tackle the spread of the Covid-19 virus has further stifled demand for aluminium including China's exported aluminium products.  The front-month aluminium contract on the Shanghai Futures Exchange hovers near four-year lows of 11,310 yuan ($ 1,601.30) per tonne, be...Read More

CHINA HRC: Prices rise despite moderate trading activity

April 11, 2020 / www.metalbulletin.com

China's hot-rolled coil prices rose on Thursday April 9 despite moderate trading activity, with sentiment improving on gains in the futures market.DomesticEastern China (Shanghai): 3,270-3,280 yuan ($463-464) per tonne, up 50 yuan per tonneNorthern China (Tangshan): 3,200 yuan per tonne, narrowing upward by 10 yuan per tonneA Shanghai-based trader said trading activity on Thursday was just moderat...Read More

CHINA REBAR: Domestic prices pick up on dropping inventory

April 11, 2020 / www.metalbulletin.com

China's domestic rebar prices increased on Thursday April 9 amid reports of a drop in inventory levels at mills and the spot market. Eastern China (Shanghai): 3,400-3,430 yuan ($481-486) per tonne, up by 30 yuan per tonneNorthern China (Beijing): 3,350-3,380 yuan per tonne, up 10-20 yuan per tonneSteel stocks continued to drop over the past week due to good demand. Data showing this decline releas...Read More

LIVE FUTURES REPORT 09/04: LME tin leads gains in 2% upswing; fresh inflow, cancelation rattles zinc

April 11, 2020 / www.metalbulletin.com

The London Metal Exchange three-month tin price was boosted during morning trading on Thursday April 9, with a fresh outflow of 115 tonnes, while LME zinc's fresh cancellation of 8,525 tonnes offset an inflow of around 8,950 tonnes.LME tin's outright price was recently at $14,750 per tonne, an uptick over 2% from Wednesday's closing price of $14,397 per tonne, while just over 100 lots of material...Read More

MORNING VIEW: Metals prices consolidate; expect choppy trading ahead of key data, long weekend

April 11, 2020 / www.metalbulletin.com

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Thursday April 9, as were Asian-Pacific equity indices. Markets seem to be consolidating after a show of strength earlier in the week, which was fueled by reports that business activity was ramping up and some of the Covid-19 hotspots in Europe were showing some early signs of peaking. While the...Read More

Chinese stainless steel prices steady amid sluggish downstream, export demand

April 11, 2020 / www.metalbulletin.com

Stainless steel prices in China declined over the past week amid poor demand from both downstream industries within the country and overseas buyers. Market participants said that stainless steelmakers were limited in their ability to slash prices any further because of the recent stability in the price of nickel. The three-month nickel contract on the London Metal Exchange has remained rangebound...Read More

Vale delays Voisey's Bay nickel ops reopening for up to 3 months [CORRECTED]

April 11, 2020 / www.metalbulletin.com

Brazilian mining company Vale has decided to extend the care and maintenance period at its Voisey's Bay nickel mine, in northeast Canada, for up to three months to prevent the spread the Covid-19 coronavirus, the company said on Wednesday April 8.The Long Harbour Processing Plant in Newfoundland, Canada, however, will maintain activity using stockpiled nickel and cobalt concentrates, the miner sai...Read More

Airbus to cut aircraft production by 30% on Covid-19 aviation headwinds

April 11, 2020 / www.metalbulletin.com

Airbus, Europe's largest manufacturer, will cut aircraft production of its core three aircraft models by roughly a third, the company said in a release on Wednesday April 8. The aircraft manufacturer will sharply reduce production from the bestselling A320 single-aisle jet to 40 per month from 60 per month previously, assembled in Toulouse and Hamburg. It will also cut production of the A350 jet t...Read More

MAP: Coronavirus impact on cobalt supply, demand [UPDATED]

April 11, 2020 / www.metalbulletin.com

The spread of the Covid-19 virus is forcing shutdowns and a reassessment of consumers' cobalt requirements. Prices of cobalt - metal, intermediates and salts - have so far taken a hit amid concerns of a general, global economic slowdown caused by the virus; a slower uptake in electric vehicle usage; and disrupted demand from the aerospace sector. But lockdowns aimed at limiting the spread of the v...Read More

EUROPE STAINLESS STEEL: Low nickel costs, mill restart keep prices largely flat

April 11, 2020 / www.metalbulletin.com

The price of stainless steel in the European domestic market was largely unchanged this week with low nickel prices and a mill restart in Italy preventing further significant increases, Fastmarkets heard on Thursday April 9.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe, was ?,?2,090-2,105 ($2,271-2,287) per...Read More

SE Asian billet import prices stable amid pause in Chinese imports

April 11, 2020 / www.metalbulletin.com

Prices in Southeast Asia's steel billet market held steady on Thursday April 9 amid a stalling of imports into China. Fastmarkets' daily price assessment for steel billet, import, cfr Southeast Asia, which mainly looks at 120-150mm 5sp grade billet sold into Manila, was $365-375 per tonne on Thursday, unchanged from a day earlier.The range is down $5 per tonne on the low end compared with $370-375...Read More

Gold climbs to highest level since 2012

April 11, 2020 / www.northernminer.com

The gold price rallied again on Thursday, as investors sought a store of value after the Fed said it was pumping an additional US$2.3 trillion in the US economy to stave off depression.On the Comex market in New York, gold for delivery in June, the most active contract, jumped to its highest price since November 2012, at US$1,730 per oz., up just over US$50 per oz., or 3%, compared to Wednesday's...Read More

Golf Clash tips, Playthrough, Hole 1-9 - ROOKIE *Tournament Wind* - Easter 9-Hole Cup!

April 11, 2020 / www.youtube.com

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April 11, 2020 / www.youtube.com

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April 11, 2020 / www.youtube.com

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April 11, 2020 / www.youtube.com

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April 11, 2020 / www.youtube.com

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