November 2018

Trafigura strengthens grip on Nyrstar's Port Pirie with liquidity bridging loan deal

Trafigura’s rescue package for Nyrstar comes at a price, with the trader taking greater ownership of one of the world’s largest zinc smelter's prized assets in return for helping it bridge a nine-day liquidity crunch.

IRON ORE DAILY: Market cautious amid choppy paper trading, steel plunge

Iron ore market participants took caution on Wednesday November 21 amid volatility in paper markets and continued drops in steel prices.

Steelmaking Raw Materials Trade Log, November 21, 2018

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.

Trafigura grants Nyrstar $650mln committed working capital facility

Nyrstar will receive a $650 million committed working capital facility from its main shareholder, trading house Trafigura, the company said on Wednesday November 21.

COKING COAL DAILY: Seaborne market still quiet amid growing pessimism among Chinese buyers

The lull in the seaborne coking coal market persisted on Wednesday November 21 with Chinese end users maintaining a bearish outlook amid a drop in domestic coke prices in China.

PRICING NOTICE: Proposal to increase frequency of assessments of manganese ore inventories at Chinese ports of Tianjin and Qinzhou

Fastmarkets MB proposes to increase the frequency of the assessment for manganese ore inventories at the main Chinese ports of Tianjin and Qinzhou to weekly.

China AM: Ferrous futures post mid-week recovery

China’s ferrous futures increased during morning trading on Wednesday November 21, with sentiment improving, especially when it came to steel contracts.

Trade log November 2018: Vanadium

Vanadium trade log including business, bids and offers reported to Fastmarkets.

GLOBAL VANADIUM WRAP: European FeV market breaks through to new record highs

Supply constraints continued to drive European ferro-vanadium and vanadium pentoxide prices to new heights, with both markets reaching record highs while the Chinese export market remained dormant.

GLOBAL CHROME WRAP: UG2, charge chrome prices sink on thin trading, bearish sentiment

Chrome ore and alloy prices continued to trend lower in China on Friday November 16 on thin market activities and lingering weak sentiment, while the European and US markets continued to suffer from increased seller competition amid subdued demand conditions.