Platinum: +2.2% Turkey steel scrap: +1.9% Zinc: +1.8% Aluminum: +1.2% Copper: +0.9% Iron ore: -2.7% Coal: -4.8%
Weekly change in stocks and arbitrage
Aluminum stocks of Shanghai, SHFE and LME respectively decreased 4.5%, 5.5% and 1.0% WOW. Copper stock of LME fell 2.3% while U.S. and SHFE respectively increased 4% and 4.8% WOW. Zink stocks of LME, Shanghai and SHFE declined respectively 6.9%, 5.8% and 3.6% WOW. Rebar stocks of SHFE dropped 56% which will stimulate the steel…
Mineral’s market on October 23, 2019
Nickel: +2.3% Steel Billet, Black Sea: +1.9% Iran Steel Billet: +0.7% Iron ore: 0.6% Zinc: 0.3% Copper: -0.4% Selenium: -1.8% Ferro-vanadium: -9.1%
The latest mineral’s prices on October 22, 2019
Yesterday iron ore price reduced 0.6%. Index for iron ore 62% and 65% Fe fell respectively 1.1% and 1.4%. Iron ore price reduction as well as the new 25% tariffs on export of iron ore in Iran can limit Iran’s iron ore export significantly. But it is a good opportunity for Iranian steelmakers; help them…
Index for iron ore at Chinese ports fell to 87.9
Index for iron ore at Chinese ports fell to 87.9 on Wednesday, down 5.5% Reasons: Low restriction on Chins steelmaking mills this winter, increase the steel supply and cause the steel price to fall. So the iron ore rate as the raw material for steel production will be under pressure. RioTinto iron ore supply increased…
Minerals market on October 16th 2019
Rhodium: +3.3% Palladium: +1.5% Lead: +1.4% Zinc: +0.2% Copper: -1.1% Iron ore 62%: -5.5%
Global mineral markets on October 15th, 2019
Australia coal: +3.4% Iron ore 62%: +1.7% Lead: +0.7% Copper: +0.5% Alumina: -0.3% Steel billet: -0.3% Steel slab: -4.1% China cock: -5.6%
Weekly change in stocks and arbitrage on October 12th, 2019
Aluminum stocks of SHFE and LME jumped respectively +0.3% and +1%. Copper stocks of LME and US decreased respectively -1.1% and -0.3% while copper stocks of SHFE increased +14.5%. Zinc stocks of LME descended -2.9% but zinc stocks of SHFE ticked up +4.4%.
Coal and iron ore, the winners of commodity trades on September 30th
Coal, fob DBCT: +3.4% Iron ore: +2.8% Zink LME: +1.8% Steel scrap, cfr Turkey: +0.6% Alumina: -0.4% Steel slab export, fob Black Sea: -2.6%
The relation of Iron ore price with Chinese iron ore stocks
Chinese iron ore stocks had a bullish trend since 2.5 months ago, up 5.5%. It controls the increase of iron ore price and decreased its rate from $125.7 to $90.