Comex copper prices rose the third consecutive day, with strong US data offsetting a rising dollar.Copper prices for December settlement on the Comex division of the New York Mercantile Exchange rose 1.25 cents, or 0.5%, to $2.6490 per lb.Earlier this morning, the US August jobs report showed 201,000 Americans joined the labor market, keeping the...Read More
Three-month base metals prices on the London Metal Exchange were for the most part weaker this morning, Friday September 7, which follows another mixed performance by the complex on Thursday.Nickel continued to lead on the downside with a 1.6% drop, while aluminium also bucked the down trend with a 0.3% gain. The rest were down between 0.1% for lead and 0.7% for zinc, with copper prices down by 0....Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Battery-grade lithium carbonate prices continued to slip in China this week, with no respite in the availability of cheap, locally produced units. China lithium carbonate price edged down amid ample supply and limited spot demand Optimistic producers outside China eye slowing production over winter months Lithium hydroxide prices stabilized, but still vulnerable to downsides Metal Bulletin's ...Read More
Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Metal Bulletin. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Metal Bulletin prices Click here for Metal Bulletin's price assessment for lithium carbonate min 99.5% Li2CO3 battery grade, spot price range, ex-works China, yuan per ton...Read More
ArcelorMittal has reached a provisional labor agreement with Italian trade unions regarding the acquisition of the country's flat steel producer Ilva."There is now a clear path toward closing the transaction and starting the important work of rehabilitating Ilva," Aditya Mittal, president, chief financial officer and chief executive officer of ArcelorMittal Group, said on Thursday September 6. "We...Read More
Sentiment in Turkey's flat steel market has remained negative and some flat steel prices have come down, sources told Metal Bulletin on Friday September 7.Buyers were cautious about booking material because of the weakness of Turkey's lira and the expectation that prices will fall further.The lira has lost a significant amount of value since early August, when tension between Turkey and the United...Read More
Prices for coated steel coil products in Turkey were mostly stable in the week ended Friday September 7, with demand improving in export markets. By contrast, demand in the domestic market was weak as a result of the falling Turkish lira and expectations that coated coil prices will fall. The lira was trading at TRY100 to $15.1474 on September 7. It had been trad...Read More
Egypt's biggest steel producer, Ezz Steel, enjoyed strong local demand in the first half of 2018 and recorded a 164% increase in consolidated earnings before interest, taxes, depreciation and amortization (Ebitda), the company said on Thursday September 6.Egypt imposed anti-dumping duties on rebar imports from China, Turkey and Ukraine for a period of five years with effect from December 2017, and...Read More
China's domestic rebar prices moved up on Friday September 7 following gains in the billet and futures markets.Domestic Eastern China (Shanghai): 4,500-4,560 yuan ($658-667) per tonne, up 50-70 yuan per tonneNorthern China (Beijing): 4,350-4,380 yuan per tonne, up 20 yuan per tonneA few mills in Tangshan were censured by local authorities for restarting blast furnaces that had been idled in August...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.Latest transaction: rebarRebar East China, domestic, grade...Read More
Prices for light iron scrap in the United Kingdom have dropped at the top end of their price range over the past week, with monthly settlements for deliveries to consumers in September set to follow, sources told Metal Bulletin on Friday September 7.The move down in the weekly inter-merchant light iron price follows a decline in supplier offer prices in the UK market after a fall in demand from ke...Read More
Steel scrap prices in the major markets have continued to rise in line with the revival in Turkish buying during the working week from Monday September 3 to Friday September 7.Export prices for scrap out of the United States have strengthened with a number of deep-sea cargoes sold to Turkey and to Vietnam.Turkey importsTurkish steel producers have booked at least nine deep-sea cargoes over the pas...Read More
Prices for ferrous scrap imported into India have increased over the past week, supported by good demand, sources told Metal Bulletin on Friday September 7.But despite the demand for both finished steel and ferrous scrap, buyers were cautious about making new deals because of the fluctuations in the exchange rate for the Indian rupee.Metal Bulletin's weekly index for containerized imports of shred...Read More
No deals were heard in the market for exports of steel billet from the Commonwealth of Independent States during week ended Friday September 7 because buyers were rejecting higher offer prices from mills.Metal Bulletin's daily CIS export billet index was $476 per tonne fob on September 7, up by $1 per tonne day-on-day.Offers of October-rolled billet from exporters in the Black Sea region were hear...Read More
China's domestic rebar prices moved up on Friday September 7 following gains in the billet and futures markets.Domestic Eastern China (Shanghai): 4,500-4,560 yuan ($658-667) per tonne, up 50-70 yuan per tonneNorthern China (Beijing): 4,350-4,380 yuan per tonne, up 20 yuan per tonneA few mills in Tangshan were censured by local authorities for restarting blast furnaces that had been idled in August...Read More
Base prices for both flat and long stainless steel products in Europe were unchanged in the week ended Friday September 7, but mills and distributors were offering material from stock at large discounts ahead of an expected fall in the alloy surcharge for October deliveries.Metal Bulletin's weekly domestic base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet in Northern...Read More
ArcelorMittal has reached a provisional labor agreement with Italian trade unions regarding the acquisition of the country's flat steel producer Ilva."There is now a clear path toward closing the transaction and starting the important work of rehabilitating Ilva," Aditya Mittal, president, chief financial officer and chief executive officer of ArcelorMittal Group, said on Thursday September 6. "We...Read More
No deals were heard in the market for exports of steel billet from the Commonwealth of Independent States during week ended Friday September 7 because buyers were rejecting higher offer prices from mills.Metal Bulletin's daily CIS export billet index was $476 per tonne fob on September 7, up by $1 per tonne day-on-day.Offers of October-rolled billet from exporters in the Black Sea region were hear...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More