Base metal stocks Articles

FASTMARKETS NON-FERROUS PRICE CHANGES 23/01: Minor metals

January 24, 2019 / Staff reporter

The following Fastmarkets minor metals prices changed on Wednesday January 23:Minor metalsBismuth MB free market, $/lb: $3.50-4.00 per lb from $3.40-4.00Cobalt MB free market alloy grade, $/lb: $19.00-21.40 per lb from $20.50-22.50Cobalt MB free market...Read More

METALS MORNING VIEW 23/01: Metals prices consolidate while awaiting fresh direction

January 24, 2019 / Staff reporter

Three-month base metals prices on the London Metal Exchange had dipped in recent days on the back of global growth concerns and after follow-through buying from last week waned, but the complex is broadly up again with average gains of 0.3% this morning, Wednesday January 23.Tin, that has been a star performer this year, was bucking the trend with a 0.3% dip to $20,390 per tonne. The rest were up...Read More

TITANIUM SNAPSHOT: Ferro-titanium price stable, market eyes more activity on dwindling supply

January 24, 2019 / Staff reporter

Key data from the Wednesday January 23 pricing session in Europe. Key drivers The European ferro-titanium market extended a steady trend in prices for the second week in a row. Alloy dealers expect increased activity in the near term as a recent influx of material from Russia to Europe is being used up.The scrap markets have also extended a steady trend for 11 weeks in 0.5% Sn content titanium sc...Read More

Chinese stainless steel mills hold ferro-chrome tender prices for February

January 24, 2019 / Staff reporter

Tsingshan Group, Taiyuan Iron & Steel (Tisco) and Baosteel - China's leading stainless steel mills - will maintain their high-carbon ferro-chrome tender prices unchanged month on month for February amid comparatively stable domestic stainless steel prices over the past few weeks. Tisco released its February tender price for high-carbon ferro-chrome at 6,650 yuan ($977) per tonne on Tuesday January...Read More

FASTMARKETS NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES 23/01

January 24, 2019 / Staff reporter

The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday January 23:Aluminium ingotLM24 pressure diecasting ingot: 1,410-1,460 per tonne from...Read More

LIVE FUTURES REPORT 22/01: LME aluminium price leads way, up 1.6%; lead also up but others fall

January 23, 2019 / Staff reporter

Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Tuesday January 22, with gains limited by continued strength in the US dollar index, while low stocks and positive fundamentals failed to spur upward movements in prices.Aluminium futures continued to lead the complex in volumes traded over the afternoon, ending the day with more than 17,000 lots changing...Read More

LIVE FUTURES REPORT 22/01: Comex copper suffers heavy losses

January 23, 2019 / Staff reporter

Comex copper opened the four-day working week in the United States on weak footing on Tuesday January 22 morning, with the market awaiting clarification on US-China trade talks.The copper price for March settlement on the Comex division of the New York Mercantile Exchange tumbled $5.70 cents to $2.6620 per lb. There is a four-day week in the US this week following a public holiday for Martin...Read More

PRICING NOTICE: Discontinuation of four tin ingot premium assessments in Rotterdam, Singapore, Shanghai

January 23, 2019 / Staff reporter

Fastmarkets MB has today discontinued four weekly tin spot premium assessments in Rotterdam, Singapore and Shanghai due to a lack of spot liquidity. The decision follows a month-long consultation period which did not receive any feedback. Therefore, Fastmarkets MB has discontinued the 99.85% tin ingot premiums in-warehouse Rotterdam and cif Shanghai and the 99.9% tin ingot premiums for standa...Read More

GLOBAL CHROME WRAP: UG2 prices boosted by pre-holiday demand in China [UPDATE]

January 23, 2019 / Staff reporter

A flurry of demand ahead of the Chinese New Year holiday is providing support to import prices for UG2 chrome ore.A flurry of demand ahead of the Chinese New Year holiday is providing support to import prices for UG2 chrome ore.  UG2 chrome ore climbs by $1 Domestic spot ferro-chrome prices holds in China; flat February tenders predicted Alloy prices soften in South Korea but unchan...Read More

GLOBAL MANGANESE WRAP: Ore prices fall again with bearish sentiment also felt in alloys markets

January 23, 2019 / Staff reporter

Aggressive bidding and lower offer prices weighed on manganese ore prices in China, where inventories also fell sharply in the week ended Friday January 18. Manganese ore prices in China continue to fall  Manganese ore stocks in China slump  Ferro-manganese prices in Europe, China drop  Silico-manganese price fob India falls  Alloy prices stable in United States The manganese...Read More

GLOBAL FERRO-SILICON WRAP: Chinese domestic market bounces; European price slides to fresh low

January 23, 2019 / Staff reporter

The domestic ferro-silicon market in China recovered over the past week in line with tighter supply of the alloy. In Europe, ferro-silicon prices fell to lows last seen in August 2017 after suppliers reduced their offer levels to stimulate business in a slow spot market. Chinese domestic market bounces as supply tightens but production restarts may hamper recoveryEuropean market seen stabilizing i...Read More

Fanya to auction more than 30 tonnes of indium stocks - sources

January 23, 2019 / Staff reporter

The Fanya Exchange will auction 34.64 tonnes of indium stocks it holds in its warehouse at the end of the month, market sources told Fastmarkets on Tuesday January 22. Of the auctioned volume, 7.6 tonnes are stored in a Kunming warehouse of Changyue Feiping, a Chinese storage and logistics company, while the remaining 27.04 tonnes are in a local warehouse of Yunnan Postal Savings Bank. The stocks...Read More

DAILY SCRAP REPORT: Turkish mills keep scrap purchasing at lowest level possible

January 23, 2019 / Staff reporter

The Turkish steel producers continued to show very little interest in deep-sea scrap trades because of the weak demand for finished steel in the country's export and domestic markets, sources said on Tuesday January 22.Although some mills have booked a few cargoes to replenish stocks over the past week, with escalating prices, most mills were trying to avoid scrap purchases until they see a recove...Read More

LIVE FUTURES REPORT 22/01: Comex copper suffers heavy losses

January 23, 2019 / Staff reporter

Comex copper opened the four-day working week in the United States on weak footing on Tuesday January 22 morning, with the market awaiting clarification on US-China trade talks.The copper price for March settlement on the Comex division of the New York Mercantile Exchange tumbled $5.70 cents to $2.6620 per lb. There is a four-day week in the US this week following a public holiday for Martin...Read More

METALS MORNING VIEW 22/01: Metals prices suffer after global growth outlook lowered

January 23, 2019 / Staff reporter

Once again the upside initiatives in three-month base metals prices on the London Metal Exchange have run into overhead resistance, with the complex down by an average of 0.4% this morning, Tuesday January 22.Other commodity prices have also shown weakness, which we put down to the focus of slower global growth after the International Monetary Fund (IMF) lowered its global growth outlook to 3.5% i...Read More

GULF FLAT STEEL IMPORTS: HDG price falls on lower Indian offers, demand still weak

January 23, 2019 / Staff reporter

Flat steel import prices in the United Arab Emirates and Saudi Arabia were mostly unchanged over the past week, with demand remaining soft, sources said on Tuesday January 22. But import offer prices for hot-dipped galvanized coil have slumped.Demand was subdued because stock levels in the UAE were already high and buyers have not yet started to place bookings in 2019, sources told Fastmarkets.In...Read More

CIS FLAT STEEL: Reduced availability of metal prompts slight market rebound

January 23, 2019 / Staff reporter

The export market for hot-rolled coil (HRC) from the Commonwealth of Independent States (CIS) has rebounded because if lower availability of material, sources told Fastmarkets MB on Monday January 21.Buyers are in the market for material but steel mills in the region are sold out for February production, a trader from the Middle East-North Africa (Mena) region said, which is putting upward pressur...Read More

RUSSIA FLAT STEEL: Market inactive on low end-user demand

January 23, 2019 / Staff reporter

The market for hot-rolled (HR) and cold-rolled (CR) steel sheet in Russia's Central Federal District around Moscow remained inactive in the week ended January 21 due to seasonally weak end-user demand.Fastmarkets' weekly price assessment for Russia-origin 4mm HR sheet was at 39,200-40,000 roubles ($588-600) per tonne cpt Moscow on Monday January 21, including 20% VAT, slightly widening upward from...Read More

GULF STEEL BILLET, REBAR: Domestic rebar, billet import prices fall

January 23, 2019 / Staff reporter

The domestic price for rebar in the United Arab Emirates fell this week on continued moderate demand, sources told Fastmarkets on Tuesday January 22.Domestic rebarLocal rebar producers in the UAE announced reduced prices for material due to be shipped in February on January 21. The country's largest producer, Emirates Steel, was offering rebar at 1,845 dirhams ($502) per tonne ex-works, down from...Read More

Long Steel Products Trade Log, January 22, 2019

January 23, 2019 / Staff reporter

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebarUAE, domestic (Emirates Steel), rebar, offered at 1,845 dirhams ($502) per tonne ex-works, February...Read More