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
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
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDG, PPGIHot-rolled coilTurkey, domestic, hot-rolled coil, offered at $600 per tonne ex-works, October production. Turkey, domestic, hot-rolled coil, traded at $...Read More
The latest metal markets news and price moves to start the North American day on Friday September 7.The prices of base metals on the London Metal Exchange were mixed in morning trading on Friday, with slight upticks in aluminium, lead and tin prices being at odds with a fresh 2018 low in three-month nickel prices.Over the course of the week, nickel's three-month price has lost just under 5%, under...Read More
The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday September 9:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $12.15-12.30 per lb from $12.00-12.20 Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $29.30-29.50 per kg from $29.10-29.30 Ferro-molybdenum US 65-70% Mo, $/Ib: $13.00-13.40 per Ib from $13.00-13.50 Ferro-vanadium basis 7...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade.U.S. equity indices moved lower following release of the August Employment Report at 8:30 AM EDT. Consensus for August Non-Farm Payrolls was an increase to 187,000 from 157,000 in July. Actual was 201,000. Consensus for August Unemployment Rate was a drop to 3.8% from 3.9% in July. Actua...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price quotations, follow the links below:China- APT, fob China- Ferro-tungsten, fob ChinaEurope- APT, cif Rotterdam- Ferro-tungsten, in-warehouse Rotterdam...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
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Friday September 7.Base metals prices on the Shanghai Futures Exchange were split into two camps during Asian morning trading on Friday, with copper, zinc and lead edging higher, while the rest were little changed to weaker.The mixed performance by the base metals comes amid heightened risk-of...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
The pig iron import market in the United States declined further due to a sharp drop in ferrous scrap prices, with a low booking price for material originating from Brazil reported.Metal Bulletin's assessment for US imports of pig iron decreased to $390-395 per tonne cfr on Friday September 7 from at $395-398 per tonne cfr a week earlier. A $20-30-per-tonne drop in US prime scrap pr...Read More
A pig iron supplier from southern Brazil sold a cargo to the United States at a lower price due to the weakened domestic market. The deal, for 30,000 tonnes of pig iron, was understood to be done at $360 per tonne fob with end-October shipment to the US. Thus, Metal Bulletin's weekly price assessment for pig iron exports from the southeastern Minas Gerais region...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
Turkish steel producers have continued to book deep-sea scrap shipments for October deliveries, with the prices becoming slightly firmer, sources said on Friday September 7.A steel mill in the Iskenderun region booked a Canadian cargo, comprising 30,000 tonnes of shredded, 15,000 tonnes of HMS 1&2 (90:10) and 5,000 tonnes of plate and structural scrap (P&S) at an average price of $327...Read More
Seaborne iron ore trading stayed relatively active on Friday September 7 after mainstream Australian fines changed hands in deals with no discount a day earlier.Metal Bulletin 62% Fe Iron Ore Index: $68.48 per tonne cfr Qingdao, up by $0.09 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $67.51 per tonne cfr Qingdao, up by $0.09 per tonne.Metal Bulletin 62% Fe Iron Ore Index, Low Alumin...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreBHP, Global Ore, 110,000 tonnes of 62% Fe Newman fines, sold at $68.30 per tonne cfr China, laycan October 6-15.BHP, Global Ore, 90,000 tonnes of 62% Fe Newman fines, sold at $68.30 per tonne cfr, laycan October 11-20.Vale, Glo...Read More
Shanghai zinc premiums touched their highest levels in over four years this week as the Shanghai-London arbitrage window continued to remain open.The premium for Shanghai special high grade zinc ingot increased to $180-200 per tonne on its cif basis, up 30% from 140-150 per tonne a week ago. This was the highest since the arbitrage windowopened at the beginning of August. The last time we saw...Read More
Premium hard coking coal prices moved up on Friday September 7, with traders continuing to drive buying activity.A transaction involving a cargo of premium materials was sold at $192 per tonne fob Australia on Global Coal on Friday, $5 per tonne higher than the last trade involving a cargo in the same bracket on the platform on Tuesday.A transaction involving a cargo of premium mid-vol hard coking...Read More