Base Metal Stock Articles

CIS STEEL SLAB: Prices rise on flat steel strength, low availability

January 15, 2018 / Vlada Novokreshchenova

Export slab prices from the CIS region rose by $25 per tonne over the first half of January, because of the rise in finished flat steel prices as well as the reduced availability of the semi-finished material, sources told Metal Bulletin on Monday January 15.Russia's Evraz and Novolipetsk Steel (NLMK) were said to be seeing good demand for slabs from their own re-rolling assets, even though the la...Read More

Southeast Asia steel billet import prices down on lower Chinese offers

January 15, 2018 / Fiona Lam

Import prices for steel billet in Southeast Asia widened downwards this week as lower offers for China-origin billet had a negative impact on price negotiations.Metal Bulletin's weekly price assessment for billet imports in Southeast Asia was $530-545 per tonne cfr in the week ending Monday January 15, down $5 per tonne at the lower end of the range from $535-545 per tonne cfr....Read More

GLOBAL FERRO-SILICON WRAP: Chinese spot market weakens further against increased domestic production; European prices hold at record high

January 15, 2018 / Chris Kavanagh

Chinese ferro-silicon prices have dropped for a second week in a row amid a resumption in production in key producing Ningxia province, while the European market reported deals totaling 300 tonnes within the record high price range. China market under renewed supply pressure  Chinese suppliers turn to export markets  European market price range narrows at high  US market supported...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

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

China's daily crude steel output rebounds in late December

January 15, 2018 / Jessica Zong

China's major mills raised their crude steel output rates in late December and made more deliveries to the marketplace, which led to a drop in their finished steel inventories and weighed on spot prices. Member mills of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 1.7817 million tonnes per day during the last 11 days of December, up 63,600 tonnes...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

LIVE FUTURES REPORT 15/01: LME copper price heads base metals rally on weaker dollar

January 15, 2018 / Alice Mason

Base metals prices on the London Metal Exchange continued their strong performance during Monday January 15 and closed in positive territory across the board. Prices were supported by a weakening dollar which fell to its lowest in nearly three years; copper was one of the best performers closing over $100 higher than Friday. "The supportive macro backdrop (weak dollar, positive macro data) should...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

NORTH AMERICAN MORNING BRIEF 15/01: Base metals rally on weak dollar; seaborne iron ore offers, bids diverge; Chinese chrome market strengthens

January 15, 2018 / Tanya Ashreena

The latest metal markets news and price moves to start the North American day on Friday January 15.Base metal prices on the London Metal Exchange were all higher during morning trading, reflecting a further weakening in the dollar. Zinc's continues to set fresh multi-year highs - it peaked at $3,440 per tonne this morning, its highest since August 2007.Available LME zinc stocks continue to fall -...Read More

EUROPEAN MORNING BRIEF 15/01: Most SHFE base metals prices weaker; Sherritt raises Ambatovy nickel, cobalt guidance; ABI smelter lockout pressures US Midwest Ali premium

January 15, 2018 / Echo Ma

Good morning from Metal Bulletin's office in Shanghai, as we bring you the latest news and pricing stories on Monday January 15.Base metals prices on the Shanghai Futures Exchange were mostly lower during Asian morning trading on Monday after consolidation set in following last week's gains, with only aluminium and nickel prices moving higher so far in the morning.Check Metal Bulletin's live futur...Read More

SMM Evening Comments (Jan 15)

Jan 15 2018 / Staff reporter

SHANGHAI, Jan 15 (SMM)? 1/4 ? Nonferrous metals futures on the SHFE saw mixed trading on Monday with copper closing with 0.57% rise and nickel up 0.42%. While zinc and aluminium edged up slightly, lead dropped 0.49% and tin slipped 0.3%.The ferrous complex was weaker as iron ore and coking coal dropped around 2% and coke dropped 1.5%. Both hot-rolled coil and rebar were also down slightly.Copper:...Read More

SMM Evening Comments (Jan 15)

Jan 15 2018 / Staff reporter

SHANGHAI, Jan 15 (SMM)? 1/4 ? Nonferrous metals futures on the SHFE saw mixed trading on Monday with copper closing with 0.57% rise and nickel up 0.42%. While zinc and aluminium edged up slightly, lead dropped 0.49% and tin slipped 0.3%.The ferrous complex was weaker as iron ore and coking coal dropped around 2% and coke dropped 1.5%. Both hot-rolled coil and rebar were also down slightly.Copper:...Read More

SMM Evening Comments (Jan 15)

Jan 15 2018 / Staff reporter

SHANGHAI, Jan 15 (SMM)? 1/4 ? Nonferrous metals futures on the SHFE saw mixed trading on Monday with copper closing with 0.57% rise and nickel up 0.42%. While zinc and aluminium edged up slightly, lead dropped 0.49% and tin slipped 0.3%.The ferrous complex was weaker as iron ore and coking coal dropped around 2% and coke dropped 1.5%. Both hot-rolled coil and rebar were also down slightly.Copper:...Read More

Tech Talk for Monday January 15th 2018

15/01/2018 / Staff reporter

Although U.S. equity markets are closed today, index futures in electronic trading are higher. S&P 500 futures are up 4 points in pre-opening trade. Strength in index futures is related to continuing weakness in the U.S. Dollar and related strength in other major currencies. Weakness in the U.S. Dollar Index also has triggered strength in commodity prices. Gold is up $6.90 to $1,341.80 per oun...Read More

Operating rates at galvanizing plants go lower in Jan

Jan 15 2018 / Staff reporter

SHANGHAI, Jan 15 (SMM)? 1/4 ? The operating rates of Chinese galvanizing companies in January is likely to be some 20% lower than levels seen in December, SMM learned.This is partly because snow storms in the north have affected the operations of downstream consumers while demand also turns weaker ahead of the Chinese New Year holiday in mid-February.In fact, some galvanizing plants in north China...Read More

Strong start to the week across most of the metals

15 January 2018 / Staff reporter

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

LIVE FUTURES REPORT 15/01: LME copper price heads base metals rally on weaker dollar

January 15, 2018 / Alice Mason

Base metals prices on the London Metal Exchange continued their strong performance during Monday January 15 and closed in positive territory across the board. Prices were supported by a weakening dollar which fell to its lowest in nearly three years; copper was one of the best performers closing over $100 higher than Friday. "The supportive macro backdrop (weak dollar, positive macro data) should...Read More

LIVE FUTURES REPORT 15/01: Base metals rally on weakening dollar; zinc price sets fresh multi-year high

January 15, 2018 / Alice Mason

Base metal prices on the London Metal Exchange were all higher during morning trading on Monday January 15, reflecting a further weakening in the dollar.Zinc's continues to set fresh multi-year highs - it peaked at $3,440 per tonne this morning, its highest since August 2007.Available LME zinc stocks continue to fall - a further 10,000 tonnes of metal were cancelled in New Orleans this morning, wh...Read More

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