Base Metal Stock Articles

EXPERT VIEW: New contracts, IB membership category key strategies for LME in 2018

January 10, 2018 / Martin Hayes

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

Strike called off at Lomas Bayas copper mine

January 10, 2018 / Julian Luk

A union strike scheduled to start on Wednesday January 10 at Glencore's Minera Lomas Bayas copper mine in Chile has been called off after a breakthrough at contract negotiations. The proposal, including a 2% salary increase and a $10,750 bonus, was accepted by unionised workers on Monday, Glencore spokesman Charles Watenphul told Metal Bulletin. As a result, workers have agreed to...Read More

EUROPE WIRE ROD: Prices rise on higher production costs

January 10, 2018 / Viral Shah

Domestic prices for wire rod rose in both Northern and Southern Europe this week with European mills pushing through increases because of higher production costs, sources told Metal Bulletin on Wednesday January 10.Metal Bulletin's weekly price assessment for domestic mesh-quality wire rod in Northern Europe was ?,?545-565 ($651-675) per tonne delivered on Wednesday, up by ?,?5-20 per tonne from ?...Read More

EUROPE SECTIONS: Southern EU mills boost offer prices on high demand

January 10, 2018 / Lee Allen

Prices for hollow steel sections in Southern Europe have increased this week, with producers in the region responding to firm demand, market sources told Metal Bulletin on Wednesday January 10.Metal Bulletin's price assessment for S235-grade square hollow steel sections made in Southern Europe moved up by ?,?15-20 per tonne to ?,?620-645 ($740-770) per tonne delivered on Wednesday.Prices for simil...Read More

TITANIUM SNAPSHOT: Prices relatively steady amid firm fundamentals

January 10, 2018 / Declan Conway

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

MB NON-FERROUS PRICE CHANGES 10/01: Noble alloys & ores

January 10, 2018 / editorial@metalbulletin.com

The following Metal Bulletin noble alloys and ores prices changed on Wednesday January 10:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $11.00-11.30 per lb from $11.20-11.40 Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $26.50-27.10 per kg from...Read More

DAILY SCRAP REPORT: Weather foils Turkish mills' attempts to push down prices

January 10, 2018 / Cem Turken

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

CHINA COKE WRAP: Prices slip, but downside limited

January 10, 2018 / July Zhang

China's coke export offer prices have come down from a peak, in line with domestic prices, but limited downside is expected, Metal Bulletin was told on Wednesday January 10.Metal Bulletin's assessment of export prices for Chinese coke with 65% coke strength after reaction (CSR), 12.5% ash, and in physical sizes of 30-90mm, was $360-365 per tonne fob China for the week ended January 9.This was down...Read More

IRON ORE PRICES: Benchmark index stays at $78 per tonne cfr China

January 10, 2018 / Sophie Zhao

Iron ore prices experienced a slight dip but managed to stay above $78 per tonne cfr China on Wednesday January 10 amid uncertainties resulting from a forecast cyclone in Australia.Metal Bulletin's 62% Fe Iron Ore Index Today: $78.31 per tonne cfr QingdaoDaily change: down by $0.16 per tonneMonth-to-date average: $76.79 per tonneMetal Bulletin's 58% Fe Premium Index Today: $62.71 per tonne cfr Qin...Read More

Steelmaking Raw Materials Trade Log, January 10, 2018

January 10, 2018 / Staff reporter

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines, sold at $77.09 per tonne cfr China, laycan January 28-February 6.Vale, Global Ore, 170,000 tonnes...Read More

Outlook uncertain for seaborne coking coal market amid China's transportation woes

January 10, 2018 / Deepali Sharma

Seaborne coking coal prices remain firm, with a January-laycan cargo of premium mid-vol materials changing hands at $259 per tonne fob Australia on Wednesday January 10. A buyer source in north Asia said that the gap between fob Australia and cfr China premium hard coking coal indices should narrow in the coming weeks if weather-related issues surrounding the transportation of the steelmaking raw...Read More

Seaborne iron ore prices dip amid cyclone jitters

January 10, 2018 / July Zhang

Seaborne iron ore prices retreated for the first time this year on Wednesday January 10 amid uncertainties over whether a forecast cyclone in Australia could result in supply disruptions.Key driversChina's ferrous futures retreated in the afternoon after trending upward in the morning. The benchmark iron ore contract ended slightly lower than a day earlier.A tender for a seaborne cargo of Pilbara...Read More

China AM: Futures post mid-week rise

January 10, 2018 / July Zhang

China's ferrous futures moved upward during morning trading on Wednesday January 10, after posting losses on Tuesday night.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,861 ($592) per tonne, up 51 yuan per tonne May hot-rolled coil: 3,901 yuan per tonne, up 53 yuan per tonne Dalian Commodity Exchange May iron ore: 560.50 yuan per tonne, up 5.50 yuan per tonne May...Read More

Indium prices up on reduced output

January 10, 2018 / Tanya Ashreena

Indium prices have risen on strong demand for indium tin oxide (ITO) due to a lack of available stock in China.Prices for indium have climbed while producers reduce output and material supply tightens, market participants said.Metal Bulletin assessed the free market indium price at $265-300 per kg on an in-warehouse basis on Wednesday January 10, up from $250-270 per kg last Friday."There is...Read More

MINOR METALS MARKET REPORT 10/01: Indium price up over 6%; tellurium drops

January 10, 2018 / Tanya Ashreena

An overview of the minor metals markets and the reasons for any price moves.Read More

MB NON-FERROUS PRICE CHANGES 10/01: Minor metals

January 10, 2018 / editorial@metalbulletin.com

The following Metal Bulletin minor metals prices changed on Wednesday January 10:Minor metals Bismuth MB free market, $/lb: $5.00-5.40 per lb from $5.10-5.40 Cobalt MB free market high grade, $/lb: $36.95-37.80 per lb from $36.75-37.50 Cobalt MB free market...Read More

BULLION LATEST 10/01: Gold prices pressured by resurgent dollar, higher US bond yields

January 10, 2018 / Ellie Wang

The spot gold price was little changed during Asian morning trading on Wednesday January 10, with the yellow metal coming under pressure from a resurgent dollar and higher US bond yields. The spot gold price was recently quoted at $1,310.60-1,310.90 per oz, up by $0.70 from the previous trading day's close. Trade has ranged from $1,308.40-1,312.55 per oz so far today. The spot gold price remained...Read More

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES 10/01

January 10, 2018 / editorial@metalbulletin.com

The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday January 10:Titanium scrap Turnings, unprocessed type 90/6/4, 0.5-2% Sn...Read More

Fault at Birla Copper's Dahej smelter hits production, forces supply to be redirected

January 10, 2018 / Archie Hunter

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

EXPERT VIEW: New contracts, IB membership category key strategies for LME in 2018

January 10, 2018 / Martin Hayes

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

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