January 2018

GLOBAL VANADIUM WRAP: Global markets continue rise on tight supplies, robust trader demand

The global vanadium pentoxide (V2O5) and ferro-vanadium markets continued upward on strong momentum to start 2018, with prices surging amid concerns over thinning supply availabilities.

GLOBAL MANGANESE WRAP: Low-grade ore prices continue higher; EU, US alloy prices rally in step

Chinese low-grade manganese ore prices have continued to rally on stronger silico-manganese futures markets; while the European and US manganese alloy markets have followed strong ore markets upward.

GLOBAL FERRO-SILICON WRAP: Chinese spot market weakens further against increased domestic production; European prices hold at record high

Chinese ferro-silicon prices have dropped for a second week in a row amid a resumption in production in key producing Ningxia province, while the European market reported deals totaling 300 tonnes within the record high price range.

GLOBAL CHROME WRAP: China’s chrome markets strengthen amid production cuts, rising costs

Chrome ore and ferro-chrome prices in China strengthened over the past week as alloy production costs rose and smelters prepared for cutbacks.

STEEL WEEK IN BRIEF: Cyclone in Australia, higher steel prices globally, trade cases...

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

EUROPE STAINLESS STEEL: Base prices mostly stable amid returning activity

European stainless steel base prices have been largely stable over the past week, with market activity improving after seasonal holidays, sources told Metal Bulletin on Friday January 12.

China's domestic stainless steel prices fall on soft demand

China’s domestic stainless steel prices have started to retreat over the past week on subdued demand.

Firm fundamentals hold FeMo, MoO3 prices near multi-year peaks

Molybdic oxide and ferro-molybdenum prices have been underpinned over the past week due to steady trading rates, buoyant conversion costs and strong underlying consumption in the steel sector, which is expected to persist in the near term.

China AM: Coking coal futures buck downtrend

China’s ferrous futures largely trended downward during morning trading on Thursday January 11 with the exception of the coking coal contract, which ended the session higher.

East Asian stainless steel market starts softening on falling demand

East Asia’s stainless steel market has started to show signs of weakness, with prices for cold-rolled coil retreating over the past week amid thin trading and soft demand.