On Friday July 20 and Monday July 23, Metal Bulletin published an incorrect figure for the Shanghai-London physical arbitrage calculation for nickel. On Friday July 20, the price was published and inputted into the price book as -$64.82 per tonne (-440.15 yuan). It should have been -$183.14 per tonne (-1,243.53 yuan). On Monday July 23, the price was published as -$170.55 per tonne (-1,158.18 yuan...Read More
Ferrous scrap exports from Russia's Far East region will be subject to restrictions for a six-month period that began on Saturday July 21. This will squeeze suppliers between a reduced number of available ports to sell into but does not guarantee a rise in domestic demand, according to Metal Bulletin Research (MBR)....Read More
Plate prices in the United States remained firm on long lead times and tight supplies, market participants said....Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.Papa John dropped $2.39 to $49.20 after Stifel Nicolaus downgraded the stock to Sell from Hold. Target prices was cut to $38 from $50Hasbro gained $10.50 to $104.43 after reporting higher than consensus second quarter sales and earnings. Spotify gained $0.60 to $182.79 after BTIG initiated co...Read More
Turkish producers of hot-dipped galvanized coil (HDG) have signed deals for exports to Europe and the United States recently, and demand is expected to increase, they told Metal Bulletin on Monday July 23....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. ...Read More
Canada-headquartered lithium producer Desert Lion Energy has confirmed that it made its first shipment of lepidolite concentrate from its nameplate operation in Namibia on May 1 this year....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
A second Turkish scrap cargo came to light on Monday July 23, sold at a price similar to that of a cargo reported on Friday July 20, market participants said. ...Read More
Turkish steel mills have continued to book deep-sea scrap for August deliveries but with little change in prices, sources said on Monday July 23....Read More
The price of Turkish domestic auto bundle scrap has been steady over the past week while the price of ship scrap has risen slightly because of improved demand from a steel mill in the Izmir region, sources said on Monday July 23....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. ...Read More
Iron ore prices strengthened on Monday July 23 amid gains in China's futures and steel markets....Read More
Seaborne coking coal spot prices fell on Monday July 23 with end-users in China remaining on the sidelines, and market participants are bracing themselves for even more downward pressure. ...Read More
Veteran metals trader Kim Woodthorpe has retired from his position as deputy head of London Metal Exchange trading at Amalgamated Metal Trading, Metal Bulletin understands....Read More
Spot cobalt prices fell again last week amid continued pressure from summer destocking....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 met...Read More
Chinese cobalt prices have stabilized recently, against a persistent downswing in international cobalt prices that made market participants believe the blue metal and its downstream salts' prices have bottomed out in China, creating mixed views in the market.Metal Bulletin heard different voices at Antaike's Battery Materials Conference held in Shangyu, China on July 18-20. China's cobalt market l...Read More
Chinese silicon export prices resumed their downtrend over the past week, pressured by further depreciation of the yuan against the dollar. Meanwhile, the European silicon market was steady, with some participants eyeing a near-term uptick in prices....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