Commodities

Renewables MMI®: Silicon, US GOES Prices Decline

by MetalMiner IndX Reports on May 23, 2012

Style:    Category: Commodities, Ferrous Metals, Metal Prices, MetalMiner IndX

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Silicon’s 6.2 percent decline made it this week’s biggest mover on the Renewables MMI®. Meanwhile, the latest monthly update of the US GOES (Grain-Oriented Electrical Steel) price shows that it dropped 5.8 percent. (The actual US GOES price is available in the MetalMiner IndX℠.)

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Falling Iron Ore, Coal Prices: The Start of a Steel Market Collapse?

by Stuart Burns on May 23, 2012

Style:    Category: Commodities, Ferrous Metals, Global Trade, Macroeconomics, Supply & Demand

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All the signs suggest the steel market, particularly the steel market outside of North America, has further to fall. In Asia, the FT reports the benchmark 62% Fe iron ore contract fell this week in Singapore to $133.25 a ton, the lowest since early November 2011, while thermal coal prices in the Australian port of [...]

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Rare Earths MMI®: Several China Prices Drop Over Week

by MetalMiner IndX Reports on May 22, 2012

Style:    Category: Commodities, Metal Prices, MetalMiner IndX, Minor Metals

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Neodymium oxide saw a 4.3 percent decline this week, making it the week’s biggest mover on the Rare Earths MMI®. For the third week in a row, the price of cerium oxide dropped, falling 4.1 percent. Dysprosium oxide dropped four percent over the past week as well.

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JSW Steel Reports Highest-Ever Production Numbers in 2012

by TC Malhotra on May 22, 2012

Style:    Category: Commodities, Ferrous Metals, Public Policy

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India’s steel manufacturer, JSW Steel Limited, has reported the highest-ever volume of production and sales for 2011-2012, including Q4 FY2012. According to a Business Standard report, the company produced 7.43 million metric tons of crude steel in FY12 and 2.07 million metric tons in Q4. Similarly, sales volume in FY12 and Q4 was 7.82 million [...]

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Metal Export Bans Nothing More Than Poor Policy

by Lisa Reisman on May 22, 2012

Style:    Category: Commodities, Metal Prices, Minor Metals, Non-ferrous Metals

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All of what we covered in Part One —  the threat resource nationalism poses to metal prices, supply chain and commodity risk management — begs the question: will metal export bans achieve the desired outcome on behalf of these governments seeking to implement them? Will these countries successfully attract outside investment in processing smelters? Can they [...]

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Daily Steel Roundup: Billet 3-Month Price Switches Direction

by MetalMiner IndX Reports on May 21, 2012

Style:    Category: Commodities, Ferrous Metals, Metal Prices, MetalMiner IndX

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Following two days of increases on the LME, the steel billet 3-month price dropped by 6.4 percent to end last week at $440 per metric ton. Weakening prices followed two days of improvement as the cash price of steel billet dropped six percent on the LME to $429 per metric ton. Chinese steel prices, however, [...]

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Metal Export Bans Increasing – Do They Work?

by Lisa Reisman on May 21, 2012

Style:    Category: Commodities, Global Trade, Non-ferrous Metals

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Several months ago, my colleague Stuart wrote about a growing trend across several developing nations with significant mineral reserves – “ Resource Nationalism.” Its name gives itself away, but local ownership laws, royalties, windfall taxes, and super taxes suggest resource nationalism has risen in prominence, according to a 2011 Credit Agricole presentation — and with [...]

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Steel Roundup: 3-Month Billet Price Rises Again

by MetalMiner IndX Reports on May 18, 2012

Style:    Category: Commodities, Ferrous Metals, Metal Prices, MetalMiner IndX

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With a 2.2 percent increase over the past day, the 3-month price of LME steel billet was the biggest mover on our steel price index, closing at $470 per metric ton on May 17, 2012. Also on the LME, the cash price of steel billet rose 0.6 percent to $456 per metric ton.

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