Brazil aluminium premiums, especially for metal sold domestically, are facing increased upward pressure in the spot market due to soaring US Midwest premiums, with the industry preparing for potential heavy sanctions on imports into the United States. Following the release of the US Commerce Department's recommendations, which included a series of tariffs and/or quotas in addition to existing duti...Read More
Charge chrome import prices in China moved higher, South African producers raised their offers following the appreciation of the rand and prices weakened both in Europe and the United States. Charge chrome import prices edge higherOre and domestic alloy prices unchanged in ChinaPrices increase in Japan, hold in South KoreaAlloy prices dip in Europe and US Charge chrome prices edged up in China on...Read More
Rebound...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.Su...Read More
LME price surged following the release...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
U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points in pre-opening trade. Wal-Mart dropped $6.39 to $98.39 after reporting slightly lower than consensus fourth quarter earnings. The company also lowered guidance. Home Depot added $4.03 to $191.00 after reporting higher than consensus fourth quarter results. Rite Aid jumped $0.48 to $2.63 on news that Albertso...Read More
Aluminium The aluminium price has had a solid rebound since...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 downloa...Read More
Short-covering rally on friendly macro factors 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 is...Read More
Prices rebound Lead prices spent...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...Read More
Cautious sellers, eager buyers A strong rebound...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
Laggard last week for a change 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 i...Read More
Zinc prices extended to fresh 10-year...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
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
The metals prices on the London Metal Exchange are mixed this morning, Tuesday February 20, with aluminium and tin prices firmer by 0.2% and 0.7% respectively, while the rest are lower by an average of 0.7%. Copper prices are down 0.6% at $7,094 per tonne. Needless to say, with China still on holiday volumes have been light with 1,625 lots traded as of 06:57 am London time. This follows a mixed pe...Read More
Charge chrome import prices in China moved higher, South African producers raised their offers following the appreciation of the rand and prices weakened both in Europe and the United States. Charge chrome import prices edge higherOre and domestic alloy prices unchanged in ChinaPrices increase in Japan, hold in South KoreaAlloy prices dip in Europe and US Charge chrome prices edged up in China on...Read More
The Section 232 report announced by the US Commerce Secretary Wilbur Ross is expected to hit prices in Turkish steel and scrap markets if approved, according to market participants.US Commerce Secretary Wilbur Ross said President Donald Trump and his administration are considering massive across-the-board tariffs and restrictive quotas following the department's Section 232 investigation into stee...Read More
The steel mills in Turkey continued their deep-sea scrap purchases on Tuesday February 20 but at a slow pace, Metal Bulletin was told.A steel producer in the Iskenderun region booked a Baltic Sea cargo, comprising 17,000 tonnes of HMS 1&2 (80:20) and 5,000 tonnes of rail at an average price of $355 per tonne cfr.The cargo was scheduled to be shipped by the second half of March, sources said.As a r...Read More
Comex copper prices failed to hold onto previous gains on Tuesday February 20 following the Presidents Day public holiday, with the dollar pressuring metals lower. Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 6.40 cents or 2% to $3.1845 per lb. On Friday, the contract touched...Read More
Local and import rebar prices in the United Arab Emirates and Saudi Arabia remained unchanged this week while the price of billet imports into the UAE increased, sources told Metal Bulletin on Tuesday February 20.Demand for locally produced rebar in the UAE was still strong.Domestic rebarThe major rebar producers in the UAE rolled over their prices for March and April production.The country's bigg...Read More
Steel demand in Japan fell in December amid a slowdown in the country's manufacturing sector, statistics released by the Japan Iron & Steel Federation (JISF) show.The country's total domestic steel consumption dropped 1.5% year on year to 3.81 million tonnes.Demand in the manufacturing sector dropped 4.6% compared with the same month in 2016 to 1.62 million tonnes due to lower steel consumption ra...Read More