The price of base metals on the London Metal Exchange plummeted at the close of trading on Tuesday August 15, largely affected by sharp risk-off sentiment amid volatile currency flows.Falling furthest, zinc prices have dipped more than 6%, closing at their lowest point since October 2016 and down more than 30% since the start of the year, when prices were at $3,316 per tonne on January 2.Volumes t...Read More
Nickel premiums in China trend higher on a wide London Metal Exchange contango, while the European nickel premium eased slightly on weak fundamentals and US premiums were unchanged....Read More
Comex copper prices hit a fresh low during midweek trading on August 15 morning in the US, amid a general exit from the commodities sector due to a rising dollar and fears of a contagion from the Turkey crisis....Read More
Spot port manganese ore prices in China recovered last week due to positive market sentiment, further supported by spikes in ferro-alloys futures prices.Metal Bulletin's 37% manganese ore index cif Tianjin, rose by 0.6% week on week to $6.39 per dry metric tonne unit on Friday August 10. The index had been steadily falling over the previous three weeks from a July peak of $6.86 per dmtu on July 13...Read More
Key data from the Wednesday August 15 pricing session in London....Read More
Key data from the Wednesday August 15 pricing session in London....Read More
The Turkish steel mills continued to hold back from the deep-sea scrap markets on Wednesday August 15 while the crisis between Turkey and United States escalates, with Turkey doubling import tariffs imposed on material from the larger country....Read More
Comex copper prices hit a fresh low during midweek trading on August 15 morning in the US, amid a general exit from the commodities sector due to a rising dollar and fears of a contagion from the Turkey crisis....Read More
Domestic prices for hot-rolled coil (HRC) in the EU have been unchanged over the past week, but they are expected to move up when market activity recovers from the seasonal slowdown, sources told Metal Bulletin on Wednesday August 15....Read More
China's ferrous futures remained subdued during morning trading on Wednesday August 15, with the coking coal and coke contracts bucking a general downward trend....Read More
The crisis between the United States and Turkey has had its most marked effects on the long steel market in the Middle Eastern country, where deals are made in Turkish lira....Read More
Pakistan, Turkey and India have been identified as the UK's fastest-growing export partner nations for iron and steel products, according to new research....Read More
The Turkish steel mills continued to hold back from the deep-sea scrap markets on Wednesday August 15 while the crisis between Turkey and United States escalates, with Turkey doubling import tariffs imposed on material from the larger country....Read More
Physical iron ore prices continued to soften on Wednesday August 15, with wider discounts being reported for prompt seaborne cargoes....Read More
China's ferrous futures remained subdued during morning trading on Wednesday August 15, with the coking coal and coke contracts bucking a general downward trend....Read More
China's domestic rebar prices were flat on Wednesday August 15 amid an inactive market. ...Read More
Prices for domestic hollow steel sections made in Europe remained stable this week due to a lack of trading in the summer holiday lull, sources told Metal Bulletin on Wednesday August 15....Read More
The price of base metals on the London Metal Exchange plummeted at the close of trading on Tuesday August 15, largely affected by sharp risk-off sentiment amid volatile currency flows.Falling furthest, zinc prices have dipped more than 6%, closing at their lowest point since October 2016 and down more than 30% since the start of the year, when prices were at $3,316 per tonne on January 2.Volumes t...Read More
Key data from the Wednesday August 15 pricing session in London....Read More
Key data from the Wednesday August 15 pricing session in London....Read More