Base Metal Stock Articles

SMM Evening Comments (May 15)

May 15 2018 / Staff reporter

SHANGHAI, May 15 (SMM) – Most nonferrous metals rose on Tuesday May 15 except for SHFE copper and lead. SHFE nickel led the gains and closed 1.7% higher. Aluminium, zinc, and tin went up slightly. The ferrous complex rose across the board with coke leading the gains with a rise of over 1%. Coking coal increased nearly 1%, hot-rolled coil gained 0.7%, while rebar and iron ore inched up.C...Read More

Technical analysis: Nickel and lead leading the way at the moment

15 May 2018 / Staff reporter

Aluminium Last week our headline was that aluminium prices...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 dow...Read More

SMM Evening Comments (May 15)

May 15 2018 / Staff reporter

SHANGHAI, May 15 (SMM) – Most nonferrous metals rose on Tuesday May 15 except for SHFE copper and lead. SHFE nickel led the gains and closed 1.7% higher. Aluminium, zinc, and tin went up slightly. The ferrous complex rose across the board with coke leading the gains with a rise of over 1%. Coking coal increased nearly 1%, hot-rolled coil gained 0.7%, while rebar and iron ore inched up.C...Read More

GLOBAL FERRO-SILICON WRAP: Chinese prices rise on short supply; EU, US markets little changed in slow trading week

May 15, 2018 / Chris Kavanagh

Chinese ferro-silicon prices strengthened in the week ending Friday May 11 after production was cut in the country due to higher electricity costs for producers, with the trend seen persisting through June. Chinese consumers look to buy ahead of higher prices  US market sags amid inactivity, more imports  European spot market stagnates after second-quarter settlements Chinese domestic f...Read More

Asia Metals Seminar: China Q2 demand looks robust

May 15 2018 / Staff reporter

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

SMM Morning Comments (May 15)

May 15 2018 / Staff reporter

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

Copper: Fundamentally healthy

15 May 2018 / Staff reporter

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

Asia Metals Seminar: China Q2 demand looks robust

May 15 2018 / Staff reporter

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

GLOBAL CHROME WRAP: Charge chrome, chrome ore prices edge up in China

May 15, 2018 / Janie Davies

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

Nickel prices receive brief support from tight supply in May

May 15 2018 / Staff reporter

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

Lead: A little less bullis

15 May 2018 / Staff reporter

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

SMM Morning Comments (May 15)

May 15 2018 / Staff reporter

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

SMM Morning Comments (May 15)

May 15 2018 / Staff reporter

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

Nickel: Getting bullish again

15 May 2018 / Staff reporter

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: Higher supply, lower prices coming

15 May 2018 / Staff reporter

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

Zinc: Bulls have stepped away, for now

15 May 2018 / Staff reporter

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

Base metals investment analysis: Light short-selling still holding copper back

15 May 2018 / Staff reporter

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

Demand Indicators: May 15 2018

15 May 2018 / Staff reporter

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

Southeast Asia's billet, slab prices largely stable on thin trading

May 15, 2018 / Fiona Lam

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

Nickel, lead in the driving seat; other metals rangebound

15 May 2018 / Staff reporter

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

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