April 2018

ASIAN MORNING BRIEF 26/04: LME base metals mixed; Aluminium market panic subsides amid loosening in sanctions; Giannini leaving Gerald Group

The latest news and price moves to start the Asian day on Thursday April 26.

TITANIUM SNAPSHOT: Alloy market edges up further; scrap market steady

Key data from the Wednesday April 25 pricing session in Europe.

China’s March stainless flat steel exports up 30% month-on-month

Export volumes of stainless flat steel products from China rose in March this year in both monthly and annual comparisons, with market activity resuming in the region after February’s lull for the lunar new year celebrations.

Japan's crude steel output up 2% in March

Japan’s crude steel output increased in March compared with a year earlier, according to the latest data from the Japan Iron & Steel Federation (JISF).

FOCUS: SHFE nickel price pays little heed to Philippine mining developments while market focuses on stainless, EV demand

Despite its potential impact on nickel ore supply, the latest development in the Philippine mining industry is having lesser impact on Shanghai Futures Exchange nickel prices while market participants focus on demand-side issues.

GLOBAL VANADIUM WRAP: Chinese export prices dip on lack of buying interest; EU, US prices follow downward

Chinese vanadium exporters lowered their offer prices over the past week due to the weakened Chinese domestic market and a lack of interest from foreign buyers. Meanwhile, the European and US markets continued their slide.

GLOBAL CHROME WRAP: Fading buying interest weighs on Chinese domestic spot ferro-chrome prices

UG2 chrome ore, and Chinese and Japanese ferro-chrome markets were bearish last week on anticipation of China’s stainless steel mills lowering their ferro-chrome tender prices for May.

GLOBAL FERRO-SILICON WRAP: China renews downward trend, US price eases, Europe market flat

Chinese domestic ferro-silicon prices dropped on Friday April 20, renewing a downward trend seen earlier in April and prompting a switch in production to lower grade alloy.

GLOBAL MANGANESE WRAP: Ore prices drop again on weaker downstream sentiment in China

Manganese ore markets recorded further losses on Friday April 20 amid deteriorating sentiment around Chinese alloy and steel demand, while European alloy prices maintained current levels on sufficient stocks.

European molybdenum markets climb on oxide tightness

European spot prices for molybdic oxide and ferro-molybdenum have increased after a withdrawal in spot supplies of oxide prompted a bout of short-covering that is likely to persist in the near term, according to industry sources.