Base Metal Stocks Articles

Slowing Chinese EV output growth in H2 caused by subsidy cut; NCM batteries continues to dominate

November 06, 2019 / Staff reporter

Electric vehicle (EV) production growth in China has slowed over the second half of this year, dropping more quickly than the market expected, Houshan Bai, chairman of Ningbo Ronbay New Energy Technology Co, told delegates at a nickel and cobalt conference on Tuesday November 5. In the first six months, EV sales and production in China had been in a healthy upturn, but slower growth started to eme...Read More

Mexican ferrous scrap prices inch up in Monterrey, hold in Baj?-o on low supply

November 06, 2019 / Staff reporter

Prices for ferrous scrap in Mexico increased slightly in the northern steelmaking region of Monterrey in the week to Tuesday November 5, while prices were flat in the central steelmaking region of Bajio.Market participants are more optimistic about prices, with indications that scrap prices in the United States could see a modest recovery in November.In Monterrey, word circulated that at least one...Read More

DAILY SCRAP REPORT: Market silent after previous day's bookings

November 06, 2019 / Staff reporter

Turkish steel mills stepped back from the deep-sea markets on Tuesday November 5, following the purchase of several cargoes the previous day, sources told Fastmarkets.Yesterday, three newly booked cargoes - two of US origin and one of Baltic Sea origin - ended a week-long hiatus since the previous booking. All three bookings were of similar composition and pricing, with HMS 1&2...Read More

MORNING VIEW: LME base metals prices calm despite US-China trade progress

November 06, 2019 / Staff reporter

The combination of some easing in Chinese lending rates and talk that United States officials may be prepared to drop some tariffs on China has led to more risk-on in broader markets.The three leading US indices, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite closed on record highs on Monday November 4 and US treasury yields are climbing, but the metals are looking quite mi...Read More

Slowing Chinese EV output growth in H2 caused by subsidy cut; NCM batteries continues to dominate

November 06, 2019 / Staff reporter

Electric vehicle (EV) production growth in China has slowed over the second half of this year, dropping more quickly than the market expected, Houshan Bai, chairman of Ningbo Ronbay New Energy Technology Co, told delegates at a nickel and cobalt conference on Tuesday November 5. In the first six months, EV sales and production in China had been in a healthy upturn, but slower growth started to eme...Read More

TURKEY FLAT STEEL WRAP: Prices continue to fall in October on weak demand

November 06, 2019 / Staff reporter

Demand for flat steel products in Turkey remained weak in October because of the decline in global prices, market participants told Fastmarkets on Tuesday, November 5.Nonetheless, they added that local producers have now filled their order books until late December.Local demand was already weak in Turkey in September, and political uncertainty in October led to a further fall in&nbs...Read More

Turkish flat steel exports down by 22% year-on-year in September

November 06, 2019 / Staff reporter

Turkish exports of flat steel products declined by 21.8% year-on-year to 393,716 tonnes in September 2019, according to the Turkish Statistical Institute (TUIK).This compares with a volume of 503,524 tonnes in the corresponding period of 2018, the institute said.The reason for decrease in exports was the lackluster demand for Turkish flat steel...Read More

GULF FLAT STEEL IMPORTS: HRC prices down on lower offers, weak demand

November 06, 2019 / Staff reporter

Hot-rolled coil import prices in the United Arab Emirates and Saudi Arabia have gone down this week on lower offers, sources told Fastmarkets on Tuesday November 5.Buyers were still reluctant to book large tonnages because of the falling prices as well as the weak end-user demand, they said.UAEOffer prices for HRC from China and Japan were heard in the UAE at $420-430 per tonne cfr this week, with...Read More

GULF STEEL BILLET, REBAR: Import prices fall but domestic prices hold

November 06, 2019 / Staff reporter

Import prices for steel billet and rebar in the United Arab Emirates have decreased over the past week, but domestic rebar prices remained stable, market sources said on Tuesday November 5.Demand for long steel was still moderate in the country, and buyers preferred to buy small quantities in order to avoid holding high stocks at the end of the year.Billet importsBillet was offered from Oman at ab...Read More

CHINA REBAR: Trading drops in Shanghai amid transport curbs

November 06, 2019 / Staff reporter

Chinese rebar prices picked up on Tuesday November 5 despite a dip in trading activity caused by transport curbs put up in conjunction with the China International Import Expo in Shanghai amid gains in the futures market.Eastern China (Shanghai): 3,710-3,740 yuan ($529-533) per tonne, up 40 yuan per tonneNorthern China (Beijing): 3,630-3,660 yuan per tonne, up 10 yuan per tonnesTraffic movements i...Read More

Long Steel Products Trade Log, November 5, 2019

November 06, 2019 / Staff reporter

The latest bids, offers and deals in the global markets for rebar, wire rod, beams and other long steel products. Latest transaction: rebar, wire rodRebar East China, domestic, grade III 16-25mm...Read More

Mexican ferrous scrap prices inch up in Monterrey, hold in Baj?-o on low supply

November 06, 2019 / Staff reporter

Prices for ferrous scrap in Mexico increased slightly in the northern steelmaking region of Monterrey in the week to Tuesday November 5, while prices were flat in the central steelmaking region of Bajio.Market participants are more optimistic about prices, with indications that scrap prices in the United States could see a modest recovery in November.In Monterrey, word circulated that at least one...Read More

DAILY SCRAP REPORT: Market silent after previous day's bookings

November 06, 2019 / Staff reporter

Turkish steel mills stepped back from the deep-sea markets on Tuesday November 5, following the purchase of several cargoes the previous day, sources told Fastmarkets.Yesterday, three newly booked cargoes - two of US origin and one of Baltic Sea origin - ended a week-long hiatus since the previous booking. All three bookings were of similar composition and pricing, with HMS 1&2...Read More

IRON ORE DAILY: Seaborne prices rangebound as market remains cautious of high inventories, demand lull in winter

November 06, 2019 / Staff reporter

Seaborne iron ore prices were rangebound on Tuesday November 5, with market participants remaining jittery over high inventories and the upcoming demand lull over the winter season.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $83.30 per tonne, up $0.03 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $83.12 per tonne, up $0.03 per tonne.62% Fe low-alumina fines, cfr Qingdao: $82.70 per...Read More

TURKEY FLAT STEEL WRAP: Prices continue to fall in October on weak demand

November 06, 2019 / Staff reporter

Demand for flat steel products in Turkey remained weak in October because of the decline in global prices, market participants told Fastmarkets on Tuesday, November 5.Nonetheless, they added that local producers have now filled their order books until late December.Local demand was already weak in Turkey in September, and political uncertainty in October led to a further fall in&nbs...Read More

FOCUS: China's interest in imported billet shrinks on higher costs; slab in demand amid higher HRC prices

November 06, 2019 / Staff reporter

Chinese re-rollers' interest in imported billet has waned in recent weeks following a surge in prices in the major global markets, sources told Fastmarkets.Global billet prices have picked up over the past month on soaring scrap prices and reduced availability in some markets, particularly the CIS. At the same time, the domestic billet price in China is largely stable, which has narrowed the gap b...Read More

GULF STEEL BILLET, REBAR: Import prices fall but domestic prices hold

November 06, 2019 / Staff reporter

Import prices for steel billet and rebar in the United Arab Emirates have decreased over the past week, but domestic rebar prices remained stable, market sources said on Tuesday November 5.Demand for long steel was still moderate in the country, and buyers preferred to buy small quantities in order to avoid holding high stocks at the end of the year.Billet importsBillet was offered from Oman at ab...Read More

TURKEY FLAT STEEL WRAP: Prices continue to fall in October on weak demand

November 06, 2019 / Staff reporter

Demand for flat steel products in Turkey remained weak in October because of the decline in global prices, market participants told Fastmarkets on Tuesday, November 5.Nonetheless, they added that local producers have now filled their order books until late December.Local demand was already weak in Turkey in September, and political uncertainty in October led to a further fall in&nbs...Read More

Turkish flat steel exports down by 22% year-on-year in September

November 06, 2019 / Staff reporter

Turkish exports of flat steel products declined by 21.8% year-on-year to 393,716 tonnes in September 2019, according to the Turkish Statistical Institute (TUIK).This compares with a volume of 503,524 tonnes in the corresponding period of 2018, the institute said.The reason for decrease in exports was the lackluster demand for Turkish flat steel...Read More

WEEKLY BASE METAL PREMIUMS REPORT: 05/11

November 06, 2019 / Staff reporter

A summary of base metals premiums from across the globe for the week to Tuesday November 5.Please click...Read More

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