CIS export billet prices rebounded on Monday July 23 with higher offers heard in the market, and mills expecting a revival in buying activity in the near term....Read More
China's domestic rebar prices edged up on Monday July 23 amid active trading following gains in the billet and futures markets....Read More
Chinese domestic ferro-chrome prices softened for the third consecutive week after supply outstripped spot demand, while globally liquidity was light due to holidays and an ongoing standoff in the imported charge chrome and UG2 markets. ...Read More
The export markets for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States have gone down over the past seven days because buyers have not accepted higher offers for August-rolled products from Russian suppliers....Read More
Aluminium prices ended higher on the London Metal Exchange on Monday July 23, bolstered by a fresh cancelation of more than 32,000 tonnes of the metal across Europe....Read More
CIS export prices for rebar and wire rod slipped this week amid lower offers, following reduced buying activity and falling long steel prices in the Turkish export market....Read More
CIS export billet prices rebounded on Monday July 23 with higher offers heard in the market, and mills expecting a revival in buying activity in the near term....Read More
The latest metal markets news and price moves to start the North American day on Monday July 23....Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday July 23.Base metals prices on the Shanghai Futures Exchange were broadly up during morning trading on Monday, with the complex drawing support from a weaker dollar following US President Donald Trump's criticism of global monetary policy and the Federal Reserve at the end of last week.C...Read More
The commodities most affected so far by the trade spat between China and the United states are soybeans, steel and aluminium - but what if the list were extended in China to cover copper, namely concentrates and scrap?...Read More
Aluminium prices ended higher on the London Metal Exchange on Monday July 23, bolstered by a fresh cancelation of more than 32,000 tonnes of the metal across Europe....Read More
The London Metal Exchange's nearby aluminium spread swung to a contango on the afternoon on Monday July 23 from a backwardation of $55 per tonne earlier. ...Read More
Iron ore prices strengthened on Monday July 23 amid gains in China's futures and steel markets....Read More
UC Rusal's share value rose by 14.8% on the Hong Kong Stock Exchange on Monday July 23 after the US Treasury said late on Friday it was open to lifting sanctions on the Russian aluminium producer. ...Read More
The London Metal Exchange's nearby aluminium spread swung to a contango on the afternoon on Monday July 23 from a backwardation of $55 per tonne earlier. ...Read More
US Treasury Secretary Steven Mnuchin's conciliatory comments on Friday July 20 further validated aluminium market participants' expectations of sanctions relief for UC Rusal, which some analysts said is evidenced by the descent in prices and global premiums since April's price rally.The Russian aluminium producer reached out to the Treasury Department with proposals, Mnuchin told reporters in Braz...Read More
The commodities most affected so far by the trade spat between China and the United states are soybeans, steel and aluminium - but what if the list were extended in China to cover copper, namely concentrates and scrap?...Read More
Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.5% on the morning of Monday July 23. Gains were ranged between 0.1% for aluminium and 1.2% for zinc, with copper up by 0.3% at $6,172 per tonne. Volume has been above average with 10,555 lots traded across the complex as at 7.49am London time. This follows a strong performance by the LME base me...Read More
Comex copper prices returned to negative territory on Monday July 23 with the market attempting to set a new trend despite a stronger dollar and continued uncertainty regarding the ongoing trade war. ...Read More
The latest metal markets news and price moves to start the North American day on Monday July 23....Read More