Modest rise in tin Last week,...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...Read More
Dollar strength weighs on prices Zinc...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
The European Commission (EC) has started an expiry review into anti-dumping duties on threaded tube or pipe cast fittings, made of malleable cast iron, originating in China and Thailand, the EC said on Wednesday May 8.The review was initiated after four EU producers - Berg Montana Fittings, Georg Fischer Fittings, Odlewnia Z?(C)liwa and Livarna Titan - lodged a request to the EC on February 13 thi...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
Base metals prices on the London Metal Exchange were mixed on the morning of Wednesday May 9, with all the metals, except tin (+0.2%) and lead (+0.3%), down by an average of 0.3%. Copper prices were off 0.4% at $6,785 per tonne. Volume on the LME has been below average, with 5,734 lots traded as at 07.37 am London time. This follows on from what turned out to be a generally negative day on Tuesday...Read More
Domestic prices for hot-dipped galvanized coil (HDG) have gone unchanged in Northern Europe this week, but they have fallen in the South of the region, sources told Metal Bulletin on Wednesday May 9.Demand for the material in Southern Europe has been slow, with buyers remaining in "wait-and-see" mode because they have sufficient stocks, according to market participants. As a result, domestic price...Read More
Base metals prices on the London Metal Exchange kept firm at the close of trading on Wednesday May 9, with copper's 1% climb leading a positive afternoon surge across the complex. The three-month copper prices traded as low as $6,766 per tonne today, finding support throughout the afternoon and climbing back over the $6,800 per tonne support level at the close. The red metal dropped marginally aft...Read More
Domestic prices for cold-rolled coil in Southern Europe fell this week due to slow trading activity, sources told Metal Bulletin on Wednesday May 9.The Southern European market remained in 'wait-and-see' mode with participants waiting for a final decision from the United States about its Section 232 import tariffs and an expected announcement related to a safeguard case in the EU, sources sai...Read More
Domestic prices for mesh-quality wire rod produced and delivered in both Northern and Southern Europe remained unchanged this week because of the low levels of market activity, sources said on Wednesday May 9.Public holidays in several European countries this week have contributed to the drop in activity.The Southern European domestic price for mesh-quality wire rod was ?,?525-550 ($624-654) per.....Read More
The latest metal markets news and price moves to start the North American day on Wednesday May 9. Base metals on the London Metal Exchange edged slightly higher during morning trading, with nickel the only metal in the complex to trade lower."The base metals' recent attempts to rally ran into supply and prices are consolidating once again. The combination of less than bullish economic data, the st...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday May 9. Base metals prices on the Shanghai Futures Exchange were down across the board during Asian morning trading on Wednesday, dragged lower by the stronger dollar. Zinc prices, trading little changed to weaker, were the most resilient of the complex.Check Metal Bulletin's live fut...Read More
Shahnawaz Islam, who left CME Group last month, will join Amalgamated Metal Trading (AMT) in July to develop the London Metal Exchange ring-dealing member's ferrous and aluminium premium contract brokerage services. "AMT strongly believe that these contracts have a significant future on the LME and CME," managing director Nick Fellowes told Metal Bulletin in an emailed statement on Wednesday May 9...Read More
Ferrous scrap will increasingly replace natural resources as the main raw material to produce steel, according to the World Steel Association (Worldsteel) head of raw materials, Dr Baris Bekir ??ift??i.This is mainly due to ferrous scrap's increasing availability globally, as well as structural reforms in major steelmaking countries to increase the usage of electric-arc furnaces in the steel produ...Read More
Base metals prices on the London Metal Exchange kept firm at the close of trading on Wednesday May 9, with copper's 1% climb leading a positive afternoon surge across the complex. The three-month copper prices traded as low as $6,766 per tonne today, finding support throughout the afternoon and climbing back over the $6,800 per tonne support level at the close. The red metal dropped marginally aft...Read More
Shahnawaz Islam, who left CME Group last month, will join Amalgamated Metal Trading (AMT) in July to develop the London Metal Exchange ring-dealing member's ferrous and aluminium premium contract brokerage services. "AMT strongly believe that these contracts have a significant future on the LME and CME," managing director Nick Fellowes told Metal Bulletin in an emailed statement on Wednesday May 9...Read More
Aluminium stocks at London Metal Exchange-approved warehouses have fallen by over 100,000 tonnes since the United States slightly loosened sanctions against Russian producer UC Rusal, leading to traders becoming more willing to deal with old stocks. As of Wednesday May 9, total aluminium stocks on the LME have declined 108,600 tonnes, more than 7%, since the US Department of the Treasury's Office...Read More
Prices for Iranian exports of steel billet and slab increased in the week to Wednesday May 9, with new deals reported by market participants. Market sentiment was negative because of US President Donald Trump's announcement yesterday that the United States would be withdrawing from the multi-lateral nuclear pact with Iran, with plans to reinstate trade sanctions. Recent...Read More
Peru's zinc mine production rose by 7.2% year-on-year in March, attributed to a recovery from last year's decline caused by the torrential rainfall that hit the country then. Production came to 117,753 tonnes, from 109,873 tonnes in March 2017, according to the latest figures from the country's energy and mines ministry, MEM. The increase mostly reflects the impact of weak output achieved in March...Read More
Tin premiums in Europe ticked higher again in the week to Tuesday May 8 on the back of a temporary supply crunch, which resulted from the halt in exports from Indonesia at the start of the quarter. Shipments have now resumed and material is already on its way to consuming regions including Europe and the United States, but it arrives later this month and supply is getting tighter meaning premiums...Read More