Base Metal Stock Articles

European APT prices climb on Xiamen Tungsten export concerns, rising demand

January 15, 2018 / Charlotte Radford

Spot prices for ammonium paratungstate (APT) climbed last week in Europe, buoyed by tightening availability of the material and strong downstream demand, as the market considered the effects of Xiamen Tungsten being temporarily denied its export license.Metal Bulletin assessed APT prices in a range of $310-318 per mtu, cif Rotterdam, on Friday January 12. This was up by 0.9% week-on-week from $307...Read More

New China lithium prices will help track growing volatile market

January 15, 2018 / editorial@metalbulletin.com

The increases in demand for lithium battery compounds since the end of 2015 have caused a structural change in the global lithium market, making it necessary to have new reference prices with increased granularity. Industrial Minerals has therefore launched new spot price assessments for lithium carbonate and hydroxide monohydrate to keep track of the growing price volatility within the Chinese sp...Read More

New China lithium prices will help track growing volatile market

January 15, 2018 / editorial@metalbulletin.com

The increases in demand for lithium battery compounds since the end of 2015 have caused a structural change in the global lithium market, making it necessary to have new reference prices with increased granularity. Industrial Minerals has therefore launched new spot price assessments for lithium carbonate and hydroxide monohydrate to keep track of the growing price volatility within the Chinese sp...Read More

GLOBAL CHROME WRAP: China's chrome markets strengthen amid production cuts, rising costs

January 15, 2018 / Janie Davies

Chrome ore and ferro-chrome prices in China strengthened over the past week as alloy production costs rose and smelters prepared for cutbacks. Ore and alloy prices propel each other in ChinaFurther price strength predicted amid production cuts, rising costsPrices edge higher in South KoreaAlloy prices stir in EuropeUS market steady with suppliers maintaining high offers Metal Bulletin's UG2 chrome...Read More

Ambatovy concerns, end-user demand push cobalt prices higher

January 15, 2018 / Charlotte Radford

Spot cobalt prices continued to rise last week as demand strengthened following the Christmas and New Year break, overpowering the temptation for profit-taking after a rallying end to 2017. Low-grade cobalt prices posted the more significant increase over the course of week, buoyed by concerns that delays to a restart at the Ambatovy joint venture in Madagascar could further intensify tightness fo...Read More

Chinese indium prices follow exchange trades higher; European demand increases

January 15, 2018 / Anna Xu

The Chinese indium market jumped by 10.2% on Wednesday January 10, according to Metal Bulletin's weekly assessment, after exchanges prices soared. Chinese domestic indium prices were assessed at 1,650-1,800 yuan ($254-277) per kg on Wednesday, up from 1,550-1,580 yuan per kg previously. The price jump was attributed to increased purchases from investors on the Wuxi Stainless Steel Exchange fo...Read More

DAILY SCRAP REPORT: Turkish deep-sea market continues quiet amid tight supply

January 15, 2018 / Cem Turken

The Turkish deep-sea scrap market remained silent on Monday January 15 because of limited supplies and poor demand from the Turkish steel mills.The mills have booked a number of deep-sea cargoes for February, but were still expected to book more for the month.However, the supply of material, especially from the United...Read More

TURKEY FERROUS SCRAP: Domestic prices rise on higher import costs

January 15, 2018 / Cem Turken

Turkish domestic scrap prices have continued to increase in line with rising imported scrap values, sources said on Monday January 15.A number of steel mills in the country have raised their buy prices for auto bundle scrap by TRY10-35 per tonne over the past week.Alloy long steel producer Asil ??elik raised its buy price for the...Read More

European secondary aluminium alloy prices leap up on heightened demand, LME price support

January 15, 2018 / Justin Yang

Strong demand, tight supply and higher London Metal Exchange aluminium prices have abruptly pushed European secondary aluminium alloy prices to a nine-month high, where they could stay for the coming weeks.Metal Bulletin assessed the price of DIN226-grade material, duty-paid, delivered in Europe, at ?,?1,800-1,850 ($2,158-2,218) per tonne on Friday January 12. This is up from ?,?1,770-1,820 per to...Read More

METALS MORNING VIEW 15/01: Strong start to the week across most of the metals

January 15, 2018 / William Adams

Base metals prices on the London Metal Exchange are stronger across the board this morning, Monday January 15, with the complex up by an average of 1.2%. Copper ($7,248 per tonne) and nickel ($12,905 per tonne) lead the advance with rises of 1.9%, while tin lags behind with a 0.1% gain to $20,300 per tonne. Volume has been high with 13,854 lots traded, with 6,586 lots of that being copper. The pre...Read More

RUSSIA FLAT STEEL: Market expects further price growth on increased exports

January 15, 2018 / Marina Shulga

Russian producers have significantly increased their prices for hot- and cold-rolled steel sheet from January production for domestic buyers, amid favorable export market sentiment.Buyers also expect that this week mills will increase their prices again, when they start offering February-rolled material."I suppose we will see another 4-5% price increase soon, because mills say that they are export...Read More

CIS FLAT STEEL: Prices rise on China 'bubble' but future trend unclear

January 15, 2018 / Marina Shulga

Exporters of CIS-origin hot-rolled coil (HRC) and cold-rolled coil (CRC) increased their prices after the new year holiday period amid short-term price growth for material of Chinese origin."Producers increased their prices a lot at the wrong time, when consumers are not ready to accept them because Chinese prices are going down again," a trader told Metal Bulletin on Monday January 15.Metal Bulle...Read More

EU could be flooded with steel if US probe brings bigger tariffs, WV Stahl warns

January 15, 2018 / Lee Allen

Europe could face a deluge of steel imports previously destined for the United States if Donald Trump's 232 investigation leads to strict import duties on steel products, German steel association WV Stahl has warned. EU tariffs on imports of cold rolled coil (CRC) from Russia and China led to prices for the material jumping in European domestic markets in 2017, while Russian producers lost ma...Read More

Jiyashi Steel starts rebar production in Egypt

January 15, 2018 / Serife Durmus

Jiyashi Steel, located in 6th October city just outside Cairo in Egypt, started producing rebar on Saturday, October 13, the Arab Iron & Steel Union (AISU) said. The company will produce 240,000 tonnes per year in the first stage of operation, after an initial investment of E ?500 million ($28.21 million) in the facility. Another 360,000 tonnes...Read More

Egypt's El-Garhy working on 25% share offering

January 15, 2018 / Serife Durmus

Egypt's El-Garhy Steel is working with an investment bank on an initial public offering (IPO) that will advance its plans to put up 25% of its shares for trading on the country's stock exchange in the second half of 2018, it said on Sunday January 14.It announced its plans to be listed on the exchange in August 2017.El-Garhy plans to increase its production capacity to 2.4 million tonnes...Read More

EU could be flooded with steel if US probe brings bigger tariffs, WV Stahl warns

January 15, 2018 / Lee Allen

Europe could face a deluge of steel imports previously destined for the United States if Donald Trump's 232 investigation leads to strict import duties on steel products, German steel association WV Stahl has warned. EU tariffs on imports of cold rolled coil (CRC) from Russia and China led to prices for the material jumping in European domestic markets in 2017, while Russian producers lost ma...Read More

DAILY SCRAP REPORT: Turkish deep-sea market continues quiet amid tight supply

January 15, 2018 / Cem Turken

The Turkish deep-sea scrap market remained silent on Monday January 15 because of limited supplies and poor demand from the Turkish steel mills.The mills have booked a number of deep-sea cargoes for February, but were still expected to book more for the month.However, the supply of material, especially from the United...Read More

TURKEY FERROUS SCRAP: Domestic prices rise on higher import costs

January 15, 2018 / Cem Turken

Turkish domestic scrap prices have continued to increase in line with rising imported scrap values, sources said on Monday January 15.A number of steel mills in the country have raised their buy prices for auto bundle scrap by TRY10-35 per tonne over the past week.Alloy long steel producer Asil ??elik raised its buy price for the...Read More

IRON ORE PRICES: Benchmark index slides below $77 per tonne

January 15, 2018 / Sophie Zhao

Iron ore prices dropped below $77 per tonne cfr China on Monday January 15, on a lack of trading after both the steel and futures markets suffered losses. Metal Bulletin's 62% Fe Iron Ore Index Today: $76.59 per tonne cfr Qingdao Daily change: down by $1.46 per tonne Month-to-date average: $77.13 per tonne Metal Bulletin's 58% Fe Premium...Read More

CIS STEEL BILLET: Buying slow as customers hold back, but prices look up

January 15, 2018 / Vlada Novokreshchenova

Buying activity in the CIS export billet market was muted in the first half of January due initially to the long year-end holidays and later to generally low demand for the material in the major outlets.Despite this, Metal Bulletin's weekly export CIS Billet Index rose to $520 per tonne fob Black Sea on January 15, up from the previous $514 per tonne fob Black Sea amid higher offer prices.Billet o...Read More

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