Copper witnesses some short-covering... LME copper...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
HONG KONG, May 15 (SMM) – The outlook on China’s macroeconomics appears more bullish than it was at the start of the year, according to Ian Roper, general manager of SMM Singapore.It was clear at the start of the year that China looked to slow down growth by tightening credit and cutting infrastructure spending, given stronger global economic growth, Roper told delegates at t...Read More
China's import markets for charge chrome and chrome ore have shown signs of recovery after producers refused to cut offers. Charge chrome import prices gain in China UG2 chrome ore prices edge higherChina's domestic ferro-chrome prices holdAlloy prices weaken in South Korea and Japan Alloy prices flatline in Europe and the United StatesCharge chrome and chrome ore prices staged a modest rebound in...Read More
SHANGHAI, May 15 (SMM) – Nickel prices received support as capital inflows surged on short supplies in the market as of Tuesday May 15. However, SMM does not expect the uptick in prices to be sustained as stainless steel consumption is likely to cool in June and as optimism from nickel sulphate for the battery industry weakens.The SHFE nickel 1807 contract climbed up to c...Read More
Support found around $2,240 per...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon a...Read More
SHANGHAI, May 15 (SMM) –Copper: LME copper plummeted to a low of $6,850/mt last night as LME copper inventory grew 8,900 mt. This was the first increase in inventory after close to two weeks of decline. LME copper stood below the five-day moving average with significant pressure from several moving averages above. It is likely to trade at $6,850-6,900/mt today. The SHFE 1807 contract was dra...Read More
SHANGHAI, May 15 (SMM) –Copper: LME copper plummeted to a low of $6,850/mt last night as LME copper inventory grew 8,900 mt. This was the first increase in inventory after close to two weeks of decline. LME copper stood below the five-day moving average with significant pressure from several moving averages above. It is likely to trade at $6,850-6,900/mt today. The SHFE 1807 contract was dra...Read More
Déjà vu: LME Week and EV bullishness...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest...Read More
Tin starts weakening LME tin weakened...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
Struggling relative to its peers Bullish...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Import prices for steel billet and slab in Southeast Asia were relatively steady over the past week amid soft demand as a result of subdued sales downstream, particularly in Indonesia.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $550-560 per tonne cfr for the week ended Monday May 14, narrowing upward by $5 per tonne from a week earlier.Deals involving billet...Read More
Base metals prices on the London Metal Exchange were on divergent paths on the morning of Tuesday May 15, with copper, nickel, lead and tin down by between 0.2% and 0.6%, while aluminium was unchanged and zinc prices had rebounded by 0.7%. Volume on the LME has been average, with 4,526 lots traded as at 06.55 am London time. Precious metals prices were broadly down with gold off by 0.1% at $1,311....Read More
A summary of base metals premiums from across the globe for the week to Tuesday May 15.Read More
Prices for steel rebar in the United Arab Emirates and Saudi Arabia were stable this week although demand remained weak, sources told Metal Bulletin on Tuesday May 15.The market was expected to remain slow in the near term because of the Islamic holy month of Ramadan, which begins later this week, and during which working hours will be reduced.Domestic rebarThe major rebar producers in the UAE hav...Read More
Base metals on the London Metal Exchange were mostly lower at the close of trading on Tuesday May 15, with copper falling 1.1%. Copper stocks on the LME have fallen more than 10% this month; the price of the metal continues to consolidate around $6,800 per tonne. Stronger demand from China, as well as disruptions in output across the United States and India are weighing on the market. ...Read More
Market acceptance of the quarterly European ferro-chrome benchmark system will continue for at least the short term, according to market participants polled by Metal Bulletin. Discontent with the settlement in previous years appears to have faded because of the stability it offers in relation to the volatility seen on the Chinese spot market. The benchmark is set in negotiations between the buy an...Read More
The latest metal markets news and price moves to start the North American day on Tuesday May 15.Base metals on the London Metal Exchange were mostly lower during morning trading on Tuesday May 15, with broad consolidation taking place across the complex.Here is how the LME base metals complex looked at 12.10pm London time:For a snapshot of exchange news, check out our live futures report.South Kor...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Tuesday May 15.Base metals prices on the Shanghai Futures Exchange were on divergent paths during Asian morning trading on Tuesday, with copper down amid disappointing Chinese data and rising stock levels.Check Metal Bulletin's live futures report here.SHFE snapshot at 10.44am Shanghai timeMos...Read More