Base metals prices finished in negative territory amid a stronger dollar on Thursday July 19, with no updates on the trade war front....Read More
Physical iron ore prices strengthened on Thursday July 19 amid gains in China's steel market....Read More
Chinese buyers in the seaborne coking coal spot market remained inactive on Thursday July 19 amid anticipations for prices to bottom out. ...Read More
Zinc inventory in Shanghai Futures Exchange-approved warehouses plunged to a 10-year low after buyers took advantage of price declines and while supply remains restricted by local production cuts. SHFE zinc inventory stood at 58,016 tonnes on Friday July 13, the lowest since February 1, 2008. A net 38,941 tonnes of refined zinc has been withdrawn from SHFE-registered warehouses in just one month....Read More
Turkish domestic rebar and wire rod prices have increased on a US-dollar basis due to a strengthening of the lira, although demand was still weak, sources said on Thursday July 19....Read More
Aluminium premiums in the United States will likely embrace the duty-paid versus duty-unpaid (DDP/DUP) system as a result of the tariffs levied by the US government against imported materials, according to Alcoa Corp's top executive. ...Read More
Chinese battery manufacturers' profit margins are being squeezed significantly by rising procurement costs for battery raw materials, delegates to an industry conference have been told....Read More
Comex copper prices were again under considerable pressure with no movement in the ongoing trade war and a stronger dollar combining to weigh on the base metals complex....Read More
Base metals on the London Metal Exchange were lower across the board during morning trading on Thursday July 19, stymied by a significant advance in the US dollar index while ongoing trade disagreements between the US and other major economies unsettle global commodities. ...Read More
Key data from the Wednesday July 18 pricing session in Shanghai....Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday July 19*...Read More
Steel billet import prices fell this week in Egypt with new deals heard in the market, but domestic rebar prices have remained unchanged, sources told Metal Bulletin on Thursday July 19....Read More
Australia's Anti-Dumping Commission will continue to impose trade sanctions on imports of galvanized steel products from China, Taiwan and South Korea after August 5, 2018, although South Korean producer Posco will become exempt....Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. ...Read More
Swedish steel trader BE Group believes that positive market trends will continue in the third quarter of 2018 after it showed a good performance in April-June, the company forecast in a report published on Thursday July 19....Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday July 19.Base metals prices on the Shanghai Futures Exchange were up across the board during Asian morning trading on Thursday, with a retreat in the dollar index reviving investors' appetite for the metals. The most-traded September copper contract on the SHFE rose to 48,860 yuan ($7,...Read More
South32 has announced a 10% year-on-year increase in manganese ore production for the financial year ended June 30, 2018, and record performance in Australia amid strong demand and prices during the period. ...Read More
The Commonwealth of Independent States' (CIS') pig iron export market is at a standstill due to a weak ferrous scrap market and continued confrontation between suppliers and consumers in the United States, a key outlet for the product. ...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was an increase to 222,000 from 215,000 last week. Actual was 207,000. Consensus for the July Philly Fed Index was an increase to 22.0 from 19.9 in June. Actual w...Read More
Earnings at Severstal, Russia's major steelmaker, rose by 23.8% quarter-on-quarter in April-June 2018 amid higher sales volumes of raw materials and strong steel product prices, the company said on Thursday July 19....Read More