Base metals prices were mixed on the London Metal Exchange on the morning of Wednesday August 22, with weakness seen in copper,lead and zinc, while nickel and tin prices increased and aluminium remained unchanged. Copper was down by 0.6%, lead down 0.2% and zinc down 0.9%, while nickel was up 0.8% and tin up 0.3%. Three-month copper prices were recently quoted at $6,027 per tonne.Vo...Read More
Domestic prices for steel beams in Europe were stable this week with many market participants still on holiday, sources told Metal Bulletin on Wednesday August 22....Read More
Prices for domestic hollow steel sections made in Europe remained unchanged this week while market participants' summer holidays continued, sources told Metal Bulletin on Wednesday August 22....Read More
The Aluminum Association wants US and Chinese officials to address the issue of Beijing's aluminium overcapacity at meetings on August 22-23 with an eye towards a long-term solution. ...Read More
Tin premiums were stable across the board on Tuesday August 21, with a recent swing in the metal's London Metal Exchange cash/three-month spread having little effect on the physical market. ...Read More
Nickel premiums in China trended higher on Tuesday August 21 with cargo holders keeping premiums firm, while US premiums fell and the European market remained stable in the quiet summer season. ...Read More
The latest metal markets news and price moves to start the North American day on Wednesday August 22....Read More
In the battle between macro and fundamental copper price drivers, copper bears hold the strongest of all trump cards - trade war. Copper's physical market is showing some of its most bullish signals in years, with premiums, scrap discounts and trade flows all indicating heightened demand over supply. Despite this, the London Metal Exchange three-month copper dropped sharply from a five-year high o...Read More
Base metals on the London Metal Exchange were predominantly higher during morning trading on Wednesday August 22, lifted by a continued downtrend in the US dollar while market optimism over resumed US-Sino trade talks has curbed selling. ...Read More
Italian long steel producer Acciaierie e Ferriere di Piombino (Aferpi) will restart the rail products rolling mill at its plant in Piombino in northern Italy on Friday August 24, according to local media reports....Read More
A safeguard investigation begun by the Eurasian Economic Commission (EEC) was started primarily to protect the Russian market from imports originating in Ukraine, market sources have told Metal Bulletin.The EEC started a safeguard case investigating imported hot-rolled (HR), cold-rolled (CR) and coated flat steel on August 7. This was to prevent the redirection of imports from the United States an...Read More
Domestic prices for mesh-quality wire rod produced and delivered in Europe remained unchanged over the week, amid low market activity, sources told Metal Bulletin on Wednesday August 22....Read More
The following Metal Bulletin noble alloys and ores prices changed on Wednesday August 22:...Read More
Key data from the Wednesday August 22 pricing session in Europe. ...Read More
The depreciation of the South African rand since early August has sparked a debate in the chrome ore market over whether South African suppliers should be expected to cut offers prices into China. ...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday August 22.Base metals prices on the Shanghai Futures Exchange were mostly down during Asian morning trading on Wednesday August 22, after President Donald Trump's negative commentary on upcoming trade negotiations with China. Check Metal Bulletin's live futures report here. LME snaps...Read More
U.S. equity index futures moved lower this morning. S&P 500 futures dropped 8 points in pre-opening trade. Index futures responded to the overnight conviction of Paul Manafort and the plea agreement reached by Michael Cohen.The Canadian Dollar was virtually unchanged following release of June Canadian Retail Sales at 8:30 AM EDT. Consensus was a drop of 0.2% versus a revised gain of 2.2% in Ma...Read More
The 300-series stainless steel scrap prices continue to drive downward in the United States while nickel fluctuates in the mid-$6-per-lb range, the intrinsic value of chrome threatens to fall and iron values remain flat....Read More
US ferrous scrap export prices have fallen significantly since late June, with sales to Turkey and India cementing the market at $300 per tonne cfr for an 80:20 mix of No 1 and No 2 heavy melting scrap (HMS). ...Read More
Turkish steel producers concluded a third day without trading due to the religious holiday of Eid al-Adha on Wednesday August 22, with some fearing that traders may not come back to the market until September....Read More