Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Wednesday December 5, with risk sentiment deteriorating amid confusion over whether much progress was made during US-China trade talks this past weekend.

China Molybdenum Co will take direct control of metals trader IXM in a $495-million buyout of a fund it set up to originally purchase the firm from Louis Dreyfus, according to a notice issued on the Hong Kong Stock Exchange on Tuesday December 4.

To our readers: PPI Pulp & Paper Week pricing for US recovered paper has been delayed due to a technical error. They were to be published at 3 PM ET. These prices will be published as soon as possible. They are for the domestic market as well as exports to China, India, and Asia. P&PW […]

Price gains inspired by the trade developments at the Group of Twenty (G20) summit over the weekend were sold into during afternoon trading on Monday December 3, but likewise the dips have been bought into again this morning.

Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Tuesday December 4.

Base metals prices, bar those for tin, on the Shanghai Futures Exchange were all down during Asia morning trading on Tuesday December 4, with investors taking profits following the strong performance by the complex on Monday.

The new 65% Fe iron ore derivatives launched by the Singapore Exchange (SGX) have registered 150,000 tonnes of cleared trades on their first day of trading, the exchange said on Monday December 3.

The Singapore Exchange (SGX) launched the world’s first high-grade iron ore derivatives on Monday December 3, ushering in what has been described as the next stage of evolution for the steelmaking raw materials market.

Some progress at the Group of Twenty (G20) summit on US-China trade has given the three-month base metals prices on the London Metal Exchange a boost, up by an average of 1.4%.

Following a one-month consultation period, Fastmarkets MB will implement the proposed specification changes to the MB 65% Fe Iron Ore Index from Monday December 3.