Western India (Rajasthan) based pellet maker -Jindal SAW increased pellet (Fe 63%) offers by INR 200/MT for the week. Current offers are at INR 8,000/MT (delivered Kandla) as against INR 7,800/MT towards the beginning of last week. The pellet maker is learned to have concluded deals at last offers of INR 7,800/MT following which it raised its offers. Jindal SAW runs a 1.5 MnT pellet plant in Bhilwara (Rajasthan).
News ID: 6442 Publish Date : 2019/09/10
Chinese spot iron ore prices (Fe 62% fines) increased today (i.e 10th Aug’19) to USD 93.2/MT, CFR China. The prices up as against USD 89/MT, CFR China a week ago. Spot Index increased by USD 1.25/MT on daily basis as against yesterday prices at USD 91.95/MT.
News ID: 6441 Publish Date : 2019/09/10
This week Chinese steel market exhibited mixed sentiments as domestic prices gained momentum and on the other hand, export offers slide down further over slowdown in global prices. Despite upside in domestic prices buying activities continue to remain thin both in domestic and overseas market.
News ID: 6417 Publish Date : 2019/09/07
Medium sized re-rollers in Bangladesh have reduced their rebar offers against last week assessment due to inadequate demand of finished steel which has narrowed down post Eid festivals.
News ID: 6382 Publish Date : 2019/09/05
World's second largest exporter of iron ore - Brazil has recorded iron ore export volumes at 30.11 MnT in Aug'19, down 12% as compared to July'19 exports at 34.27 MnT, according to trade statistics released by Brazil customs. On yearly basis, exports dropped 15% as against 35.62 MnT in Aug'18. The data compiled is for 22 days.
News ID: 6360 Publish Date : 2019/09/03
In theory, Indonesia only allowed exports of ore grading below 1.7% Ni. Current developments in Indonesia, by the likes of QMB and Huayou, to construct leaching plants to process limonite ore grading below this level mean that the “low grade” ores can now be processed domestically.
News ID: 6339 Publish Date : 2019/09/05
Further signs began to emerge that low-calorific value (CV) Indonesian coal prices could be starting to firm, with bids emerging at slightly higher levels than yesterday.
News ID: 6293 Publish Date : 2019/09/03
Having raced to ramp up lithium production over the past five years to exploit surging prices, Australian producers are now scrambling to cut supplies as prices plummet on falling demand in the world’s top electric vehicle market.
News ID: 6288 Publish Date : 2019/09/03
Ferro Silicon prices moved down in Bhutan despite improving demand. Producers are cutting down prices to entice buyers. However, the demand remains scattered, a few producers are enjoying good demand whereas others are reducing prices and hence, the overall prices are getting affected. Producers in Bhutan were undercutting prices since last week and now the producers have reduced their offer prices as they are facing a cash crunch in the month-end. Many producers are low in inventory.
News ID: 6285 Publish Date : 2019/09/03
As per the recent updates received, the 22nd Goan iron ore e-auction held on 22nd and 23rd Aug’19, received bids for only 39% (i.e 2.06 MnT) out of total offered quantity of 5.34 MnT. Rest 3.28 MnT iron ore remained unsold.
News ID: 6284 Publish Date : 2019/09/03
Global availability of deep-sea ferrous scrap bulk cargoes is poised to rise next week, adding to the growing pressure on the Turkish scrap import price over the past three days.
News ID: 6209 Publish Date : 2019/08/28
Following the constant downturn in semi-finished and finished steel prices, market expects Odisha merchant miners to revise iron ore prices in the near short term. Current SteelMint assessment of 5-18mm is at INR 3,700-3,800/MT and for fines is at INR 2,000/MT ex-mines, including Royalty, DMF & NMET, GST extra). As per the sources, market participants are expecting a price cut from the Odisha merchant miners soon. Although miners haven't announced any indications yet but trade sources are expecting a reduction of INR 150-200/MT.
News ID: 6198 Publish Date : 2019/08/27
Indian Ferro Chrome prices are stable despite selling pressure, as Producers are bound to increase the prices, due to the current depreciation of Rupee. Sources said that dealing at any price under INR 66,000/MT in the domestic market won’t be feasible for the producers to trade at. According to credible sources, one of the major Ferro Producers was quoting INR 66,000/MT but no trades were concluded at such rates.
News ID: 6197 Publish Date : 2019/08/27
China's coking coal imports rose in July as Chinese steel producers increased their restocking with import quotas at various ports fast running out.
News ID: 6186 Publish Date : 2019/08/26
Stornoway Diamond Corporation (TSX-SWY) has officially been put on notice this week, facing a delisting review from the Toronto Stock Exchange.
News ID: 6138 Publish Date : 2019/08/24
The price of cobalt is up 18% over the last two weeks after Glencore announced it is halting operations at its Mutanda copper-cobalt mine in the Congo – until at least 2021.
News ID: 6075 Publish Date : 2019/08/21
According to National Bureau of Statistics, China - world's largest consumer and importer of iron ore has witnessed slight rise in crude iron ore production for July’19.
News ID: 6072 Publish Date : 2019/08/20
Indian Silico Manganese Prices have been falling gradually every week for some time now. Amid low demand and sluggish market sentiments for finished steel, producers are reducing the prices to entice buyers. Demand is weak in both domestic as weak as the global market.
News ID: 6068 Publish Date : 2019/08/20
Indian Ferro Chrome prices have gone up marginally from last week as most producers reduced their production levels in line with poor demand. Limited Quantity is available in the domestic market as producers have reduced their allocation in the domestic market to curb the free fall of prices. However, this has been countered by demand in the domestic market which has remained sluggish.
News ID: 6034 Publish Date : 2019/08/18
State-Owned, Odisha Mining Corporation (OMC) conducted the e-auction on 13 Aug’19. Despite low demand in the market, and falling Ferro Chrome prices, OMC received a good response, as the entire quantity was booked at prices approximately 6% higher than the base price. Lower graded material viz., 46-48% and 44-46% received a much higher response as the booking price was 14% higher than the base price.
News ID: 6033 Publish Date : 2019/08/18
