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Iron ore: price rebound may not depend only on China’s hopes
The price of spot iron ore for delivery to northern China has rebounded from two-year lows, thanks to the return of optimism in the market that the worst may be over for the steel raw material. The 62 percent benchmark iron ore spot price closed Nov. 11 at $88.19/mt,...
Nickel: price jumps 15% to the highest since May in an illiquid market
Nickel prices jumped 15 percent Monday to the highest since May as funds and traders canceled bets on a lower price in an illiquid market ahead of Wednesday's contract settlement. Benchmark nickel on the London Metal Exchange was up 2.4 percent at $27,455 a tonne at...
Cast iron: price stall continues, buyers bid low
Merchant pig iron prices have remained largely unchanged over the past week, due to a lack of visible trade and reduced price expectations from some buyers. Despite China's demand for finished products and rising prices, momentum failed to influence the stagnation of...
Nickel: stable premiums despite weak demand
Spot market premiums and demand for refined nickel remained essentially stable in Europe. Nickel briquette premiums came under further pressure due to increasing availability of briquettes and expectations of material shipments from Asia. Nickel briquette...