The latest news and price moves to start the Asian day on Wednesday January 10.Base metals prices on the London Metal Exchange were mostly lower at the close on Tuesday January 9, with only nickel trading in positive territory. Read more in our live futures report.Here are how prices looked at the end of the day on Tuesday.Comex copper prices weakened during morning trading in the United Stat...Read More
The latest news and price moves to start the Asian day on Wednesday January 10.Base metals prices on the London Metal Exchange were mostly lower at the close on Tuesday January 9, with only nickel trading in positive territory. Read more in our live futures report.Here are how prices looked at the end of the day on Tuesday.Comex copper prices weakened during morning trading in the United Stat...Read More
The latest news and price moves to start the Asian day on Wednesday January 10.Base metals prices on the London Metal Exchange were mostly lower at the close on Tuesday January 9, with only nickel trading in positive territory. Read more in our live futures report.Here are how prices looked at the end of the day on Tuesday.Comex copper prices weakened during morning trading in the United Stat...Read More
Nickel continued to rally on the London Metal Exchange during afternoon trading on Wednesday January 10, closing in positive territory alongside the rest of the metals.The three-month nickel price closed up 1.8% on Tuesday's close, having hit an intraday high of $13,200 per tonne earlier, thanks to a tighter market and robust demand from the stainless steel sector."We have a constructive view over...Read More
A wave of labor negotiations at several of the world's leading copper mines is taking place this year and could have a significant impact to the global copper supply and prices.Among such talks are BHP-operated Escondida mine, Antofagasta's Los Pelambres and several of Codelco's mines, all in...Read More
The London Metal Exchange closed 2017 in positive fashion as average daily volume (ADV) climbed 19.3% after two previous months of decline. Lead was the strongest performer, with ADV climbing over 50% from December 2016 with 55,717 lots. Last month, lead was the only base metal to record a significant year-on-year increase. Copper's ADV was up 24.3% from the previous year to 150,723 lots, after it...Read More
Key data from the January 10 pricing session in Europe.Ferro-titanium 70% (max 4.5% Al) $ per kg, delivered duty-paid in EuropeToday Previous Change to midpoint of range Midpoint % change 4.80-5.60 4.80-5.60 0 0 Titanium scrap turnings, unprocessed (max 0.5% Sn) $ per lb, cif European ports Titanium scrap turnings, unprocessed (0.5-2% Sn) $ per l...Read More
Key data from the January 10 pricing session in Europe.Ferro-titanium 70% (max 4.5% Al) $ per kg, delivered duty-paid in EuropeToday Previous Change to midpoint of range Midpoint % change 4.80-5.60 4.80-5.60 0 0 Titanium scrap turnings, unprocessed (max 0.5% Sn) $ per lb, cif European ports Titanium scrap turnings, unprocessed (0.5-2% Sn) $ per l...Read More
Unspecified technical issues at Birla Copper's Dahej copper smelter have caused the plant to lower output and to delay scheduled cargoes of copper concentrates or to divert into the spot market, sources told Metal Bulletin.Tonnages due for January and February arrival at Dahej, a 500,000-tonne-per-year smelter in Gujarat in the west of India, have been postponed until later months or are being red...Read More
The London Metal Exchange closed 2017 in positive fashion as average daily volume (ADV) climbed 19.3% after two previous months of decline. Lead was the strongest performer, with ADV climbing over 50% from December 2016 with 55,717 lots. Last month, lead was the only base metal to record a significant year-on-year increase. Copper's ADV was up 24.3% from the previous year to 150,723 lots, after it...Read More
After a year focused on re-establishing stability, the London Metal Exchange has started 2018 with its attention on driving more liquidity to the bourse by launching the Introducing Broker membership category and broadening its contract portfolio, says senior metals market consultant Martin Hayes. Twelve months ago, it was fair to say that the LME was facing a period of uncertainty - it had lost i...Read More
Key data from the January 10 pricing session in Europe.Ferro-titanium 70% (max 4.5% Al) $ per kg, delivered duty-paid in EuropeToday Previous Change to midpoint of range Midpoint % change 4.80-5.60 4.80-5.60 0 0 Titanium scrap turnings, unprocessed (max 0.5% Sn) $ per lb, cif European ports Titanium scrap turnings, unprocessed (0.5-2% Sn) $ per l...Read More
The Turkish deep-sea scrap market went quiet on Wednesday January 10, with the mills in the country trying to put downward pressure on prices.But while mills were trying to reduce scrap prices, suppliers remained firm because the heavy winter conditions increased their costs, sources said."The mills went quiet, waiting for a supplier who is in hurry to sell. Five or six Baltic Sea suppliers...Read More
The London Metal Exchange closed 2017 in positive fashion as average daily volume (ADV) climbed 19.3% after two previous months of decline. Lead was the strongest performer, with ADV climbing over 50% from December 2016 with 55,717 lots. Last month, lead was the only base metal to record a significant year-on-year increase. Copper's ADV was up 24.3% from the previous year to 150,723 lots, after it...Read More
After a year focused on re-establishing stability, the London Metal Exchange has started 2018 with its attention on driving more liquidity to the bourse by launching the Introducing Broker membership category and broadening its contract portfolio, says senior metals market consultant Martin Hayes. Twelve months ago, it was fair to say that the LME was facing a period of uncertainty - it had lost i...Read More
Domestic prices for heavy steel plate in Europe are expected to move upward on higher costs for slab and other raw materials, sources told Metal Bulletin on Wednesday January 10.In the meantime, however, prices have been largely unchanged this week with the market still slow after Christmas holidays.Metal Bulletin's weekly price assessment for domestic grade-S235JR heavy steel plate in Southern Eu...Read More
European mills are expected to increase their domestic offer prices for cold-rolled coil (CRC), with supported from the lack of competitive import offers, sources told Metal Bulletin this week.Metal Bulletin's weekly price assessment for domestic CRC in Northern Europe was ?,?610-640 ($728-764) per tonne ex-works on Wednesday December 10, unchanged over the week.The assessment reflected "workable"...Read More
European mills are expected soon to increase their domestic offer prices for hot-rolled coil (HRC) by ?,?20-40 per tonne, sources have told Metal Bulletin.In the meantime, Metal Bulletin's weekly price assessment for domestic HRC in Northern Europe was ?,?540-550 ($645-657) per tonne ex-works on Wednesday January 10, compared with ?,?530-550 per tonne ex-works a week earlier.The assessment represe...Read More
Export volumes of steel products from China will stay low in 2018, which will raise demand for scrap in other Asian countries, the International Rebar Producers & Exporters Association (Irepas) said on Wednesday January 10."For the first quarter of 2018, we can expect steel exports from China to remain reduced, which will continue to drive local steel mill demand elsewhere," Irepas said."Many coun...Read More
Domestic prices for rebar in Southern Europe have narrowed upward over the past week, on higher scrap costs and the return of market participants from seasonal holidays, sources told Metal Bulletin on Wednesday January 10.Metal Bulletin's weekly domestic price assessment for Southern European rebar rose to ?,?520-530 ($621-633) per tonne delivered on Wednesday, from ?,?505-530 per tonne on January...Read More