Base metal stocks Articles

Demand Indicators July 18 2017

18 July 2017 / Staff reporter

Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as so...Read More

Baltic Dry Index continues to gain to 912 points

Jul 18 2017 / Staff reporter

UNITED STATES July 18 2017 1:21 PMLONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities continued to gain 912 points on Monday driven by higher cape, panamax and supramax rates.The Baltic Dry Index, which provides an assessment of the price of moving the major raw materials - such as coal, iron ore and grain - by sea by taking in 23 shipping...Read More

Tech Talk for Tuesday July 18th 2017

07/18/2017 / Staff reporter

U.S. equity index futures moved lower this morning. S&P 500 futures fell 6 points in pre-opening trade. Netflix jumped $15.60 to $177.15 after reporting higher than consensus new subscriptions. JP Morgan, Raymond James and Stifel Nicolaus raised their price target. Johnson & Johnson gained $1.18 to $133.33 after reporting higher than consensus second quarter earnings..Goldman Sachs dropped $3.26 t...Read More

SHFE 1709 Nickel Closes Higher (2017-7-18)

Jul 18 2017 / Staff reporter

SHANGHAI, Jul. 18 (SMM) - SHFE 1709 nickel opened at RMB 79,310/mt today, and reached RMB 79650/mt in the morning. In the afternoon, SHFE 1709 nickel followed rebar prices down, falling to RMB 78,500/mt, and closing at RMB 78,970/mt, up RMB 550/mt or 0.70%. Trading volumes on SHFE 1709 nickel decreased 164,000 to 443,000, and positions decreased 17,492 to 492,000. SHFE nickel is expected to remain...Read More

SHFE 1709 Zinc Falls Back (2017-7-18)

Jul 18 2017 / Staff reporter

SHANGHAI, Jul. 18 (SMM) - SHFE 1709 zinc opened at RMB 23,240/mt today and then hovered around RMB 23,250/mt. With exodus of longs after profit-taking, SHFE 1709 zinc fell to RMB 23,170/mt. In the afternoon, SHFE 1709 zinc slumped to RMB 22,850/mt, and closed at RMB 22,980/mt, down RMB 70/mt or 0.3%. Trading volumes on SHFE 1708 zinc decreased 102,000 to 468,000 lots, and positions decreased 8,772...Read More

India Brass, Copper Scrap prices advance further; Copper Futures up 1.47 percent

Jul 18 2017 / Staff reporter

UNITED STATES July 18 2017 2:35 PMNEW DELHI (Scrap Register): India's major brass and copper scrap prices continued to advance on the Scrap Register Price Index as on Monday tracking the firmness in copper futures prices at India's Multi Commodity Exchange, after upbeat Chinese economic data dampened fears of a slowdown in the metal's largest market.India's major brass and copper s...Read More

Higher prices attract selling as Europe opens

18 July 2017 / Staff reporter

Base metals prices on the London Metal Exchange have started to weaken as European trading gets underway with three-month prices off by an average of 0.2% this morning, Tuesday July 18. Zinc prices are off the most with a 0.7% decline to $2,800.5 per tonne and copper prices are off 0.4% at $5,982 per tonne. Tin prices are bucking the trend with a 0.2% increase to $19,945 per tonne. Volume has pick...Read More

Copper Price to Lack Rising Strength in Short Term, SMM Interviews

Jul 18 2017 / Staff reporter

SHANGHAI, Jul. 18 (SMM) - Last week, copper market advanced after falling at first, and what's price outlook among market participants this week? SMM interviews give you more information on market sentiment. Jing Chuan, deputy general manager of Zhongda Futures, said there is no solid support for copper to jump in the off-demand season, with low chance for LME copper to challenge $6,200 per tonne....Read More

Chinese Ferrous, Non-Ferrous Scrap Metal Prices Stage Big Rally on Index 17th July, 2017

Jul 18 2017 / Staff reporter

By Anil MathewsScrapMonster Author#1 Insulated Copper Wire 85% Recovery was up CNY 200 per MT to CNY 27,050 per MT.BEIJING (Scrap Monster): The Chinese aluminum scrap prices surged higher on ScrapMonster Price Index as on July 17th, Thursday. Stainless Steel, Brass and Bronze scrap prices too soared on Index when matched with the previous day. Copper Scrap prices too were up from the previous day...Read More

Chihong Zn&Ge Net Profit Skyrockets 3,150.76% in First Half on Excellent Lead and Zinc, SMM Reports

Jul 18 2017 / Staff reporter

SHANGHAI, Jun. 18 (SMM) - Yunnan-based Chihong Zn & Ge co.'s net profit belonging to listed shareholders jumped 3,150.76% year-on-year in the first half of the year, according to the company's earnings report.Hubei Finds Massive Copper, Iron Ore Reserves in First HalfIts excellent performance is due mainly to higher lead and zinc prices and increased sales for lead and zinc products.Silicon Metal...Read More

Markets doubt Fed commitment to hike interest rates

Jul 18 2017 / Staff reporter

UNITED STATES July 18 2017 12:05 PMNEW YORK (Scrap Register): Financial markets have doubted the Federal Reserve's commitment to raise interest rates all year, said Brown Brothers Harriman. Perhaps it reflected, in part, the disappointment after the dot plots had suggested four hikes in 2016, and only one was delivered, BBH added.The markets were skeptical of the March hike until officials launche...Read More

Chinese Ferrous, Non-Ferrous Scrap Metal Prices Stage Big Rally on Index 17th July, 2017

Jul 18 2017 / Staff reporter

By Anil MathewsScrapMonster Author#1 Insulated Copper Wire 85% Recovery was up CNY 200 per MT to CNY 27,050 per MT.BEIJING (Scrap Monster): The Chinese aluminum scrap prices surged higher on ScrapMonster Price Index as on July 17th, Thursday. Stainless Steel, Brass and Bronze scrap prices too soared on Index when matched with the previous day. Copper Scrap prices too were up from the previous day...Read More

Chinese Ferrous, Non-Ferrous Scrap Metal Prices Stage Big Rally on Index 17th July, 2017

Jul 18 2017 / Staff reporter

By Anil MathewsScrapMonster Author#1 Insulated Copper Wire 85% Recovery was up CNY 200 per MT to CNY 27,050 per MT.BEIJING (Scrap Monster): The Chinese aluminum scrap prices surged higher on ScrapMonster Price Index as on July 17th, Thursday. Stainless Steel, Brass and Bronze scrap prices too soared on Index when matched with the previous day. Copper Scrap prices too were up from the previous day...Read More

SHFE Market Movement (2017-07-18

Jul 18 2017 / Staff reporter

SHANGHAI,July.18(SMM) - The following table is base metals movement on the SHFE market on July.18 2017. ContractOpenHighLowCloseSettleCh1Ch2VolumePositionChangeAl17081438014405142001424514305-125-6529942136986-7522Al17091449014500142851435014395-115-70175180311274-22832Al17101459014590143801443014475-125-8042998998923836Al17111466014670144601452014550-130-10010376453221030Cu170847800479...Read More

Markets doubt Fed commitment to hike interest rates

Jul 18 2017 / Staff reporter

UNITED STATES July 18 2017 12:05 PMNEW YORK (Scrap Register): Financial markets have doubted the Federal Reserve's commitment to raise interest rates all year, said Brown Brothers Harriman. Perhaps it reflected, in part, the disappointment after the dot plots had suggested four hikes in 2016, and only one was delivered, BBH added.The markets were skeptical of the March hike until officials launche...Read More

Markets doubt Fed commitment to hike interest rates

Jul 18 2017 / Staff reporter

UNITED STATES July 18 2017 12:05 PMNEW YORK (Scrap Register): Financial markets have doubted the Federal Reserve's commitment to raise interest rates all year, said Brown Brothers Harriman. Perhaps it reflected, in part, the disappointment after the dot plots had suggested four hikes in 2016, and only one was delivered, BBH added.The markets were skeptical of the March hike until officials launche...Read More

Metals strong when spreads point to tightness

Jul 18 2017 / Staff reporter

UNITED KINGDOM July 18 2017 10:25 AMLONDON (Scrap Register): Metals are among the commodities that tend to fare best when time spreads suggest market tightness, said Goldman Sachs.According to the bank analysts, the physical nature of commodities has always been the cornerstone of our research framework. Lower inventory levels tend to lead to more backwardated futures curves for both oil and coppe...Read More

SHFE Market Movement (2017-07-18

Jul 18 2017 / Staff reporter

SHANGHAI,July.18(SMM) - The following table is base metals movement on the SHFE market on July.18 2017. ContractOpenHighLowCloseSettleCh1Ch2VolumePositionChangeAl17081438014405142001424514305-125-6529942136986-7522Al17091449014500142851435014395-115-70175180311274-22832Al17101459014590143801443014475-125-8042998998923836Al17111466014670144601452014550-130-10010376453221030Cu170847800479...Read More

SHFE Market Movement (2017-07-18

Jul 18 2017 / Staff reporter

SHANGHAI,July.18(SMM) - The following table is base metals movement on the SHFE market on July.18 2017. ContractOpenHighLowCloseSettleCh1Ch2VolumePositionChangeAl17081438014405142001424514305-125-6529942136986-7522Al17091449014500142851435014395-115-70175180311274-22832Al17101459014590143801443014475-125-8042998998923836Al17111466014670144601452014550-130-10010376453221030Cu170847800479...Read More

Norilsk Nickel Mine Explosion Kills Four and Eyes on Impact on Relocation Plan

Jul 18 2017 / Staff reporter

SHANGHAI, Jul. 18 (SMM) - Four miners were killed in an explosion at the Zapolyarny Mine, part of the Polar Division of Norilsk Nickel, foreign media reported. China Nickel Ore Inventories Fall, SMM ReportsThe company said the accident is not expected to influence ore shipments due to its low percentage of company's total output. In 2016, nickel production at the Zapolyarny Mine accounted for 0.7...Read More