September 2018

IRON ORE DAILY: China port trade booms on pre-holiday restocking

Physical iron ore trading picked up significantly on Wednesday September 26, especially at Chinese ports, with buyers preparing cargoes for the coming National Day holiday week, which starts on October 1.

PRICING NOTICE: Amendment to Rotterdam export HMS 1&2 (70:30) price assessment

Following a consultation, Metal Bulletin will amend its weekly Rotterdam export scrap price assessment from HMS 1&2 (70:30) to HMS 1&2 (75:25).

COKING COAL DAILY: Seaborne prices tumble below $200 per tonne fob Australia

Prices in the seaborne coking coal spot market took another tumble on Wednesday September 26 following lower offers during the day.

NEWSBREAK: Codelco raises 2019 copper premium in China by 17%, adds flexible terms – sources [CORRECTED]

Codelco has offered its Chinese customers copper cathode supply in 2019 at a premium of $88 per tonne, a 17% increase on this year’s level, Metal Bulletin has learned.

China AM: Futures mixed in first hours of trade

China’s ferrous futures were mixed in the morning trading session on Wednesday September 26, with steel and coke contracts down, but iron ore and coking coal contracts up slightly.

ASIAN MORNING BRIEF 26/09: Base metals prices mostly lower; Codelco offers $98-per-tonne premium to European customers; Physical aluminium prices pressured

The latest news and price moves to start the Asian day on Wednesday September 26.

PEOPLE MOVES: Copper book co-head Larouche leaves trader Transamine

Copper trader Pascal Larouche has left Geneva-based merchant Transamine, where he was jointly responsible for the copper trading book, sources with knowledge of the matter told Metal Bulletin this week.

Global DRI production up 1.5% in August, Worldsteel says

Global output of direct-reduced iron (DRI) increased by only 1.46% year-on-year in August 2018, according to statistics published this week by the World Steel Association (Worldsteel).

ALUMINA SNAPSHOT: Fob Australia index continues to decline; market liquidity picking up

Alumina prices fob Australia fell for the eighth pricing session in a row on Tuesday September 25, with deals continuing to trade at lower levels.

DAILY SCRAP REPORT: Turkish mills continue October bookings despite low sales

Turkish steel mills continued their purchases of deep-sea scrap on Tuesday September 25 with prices remaining largely stable.