A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 14.Please click...Read More
The three-month price of zinc on the London Metal Exchange continued to slide at the close of trading on Wednesday August 14, slipping below the support level at $2,300 per tonne amid a 2.8% selloff, while tin futures held on to gains above the $17,000 per tonne threshold.Volumes traded over the day were moderately low, with copper's 13,234 lots topping the complex, while 11,200 lots of aluminium,...Read More
In the United States, the nickel 4x4 cut cathode premium weakened on the high end while nickel briquette premiums held their wide range, European market players eyed the forward curve and Chinese players maintained focus on the import window. US 4x4 nickel cut cathodes respond to falls from cheaper nickel forms European premiums steady but backwardation may signal a future sell-off Chinese premium...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday August 14 that are worth another look.A series of press reports relating to the changes in Indonesia's nickel ore export ban policy amid volatile nickel prices on the London Metal Exchange has left market participants baffled, Fastmarkets understands.China announced a third round of copper scrap import quotas on August 14, all...Read More
A series of press reports relating to the changes in Indonesia's nickel ore export ban policy amid volatile nickel prices on the London Metal Exchange has left market participants baffled, Fastmarkets understands.The latest news regarding Indonesian nickel exports claims that Indonesia's President Joko Widodo will make the final decision on whether the country will bring an export ban on mineral o...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 14.Please click...Read More
The three-month price of zinc on the London Metal Exchange continued to slide at the close of trading on Wednesday August 14, slipping below the support level at $2,300 per tonne amid a 2.8% selloff, while tin futures held on to gains above the $17,000 per tonne threshold.Volumes traded over the day were moderately low, with copper's 13,234 lots topping the complex, while 11,200 lots of aluminium,...Read More
In the United States, the nickel 4x4 cut cathode premium weakened on the high end while nickel briquette premiums held their wide range, European market players eyed the forward curve and Chinese players maintained focus on the import window. US 4x4 nickel cut cathodes respond to falls from cheaper nickel forms European premiums steady but backwardation may signal a future sell-off Chinese premium...Read More
The price of steel rebar in the domestic market of Northern Europe has been stable over the past week amid subdued trading that is typical for this time of year, sources told Fastmarkets on Wednesday August 14.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?500-520 ($560-582) per tonne on Wednesday.The market slowdown in the north...Read More
An overview of the noble alloys markets and the reasons for any price moves.Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday August 14 that are worth another look.A series of press reports relating to the changes in Indonesia's nickel ore export ban policy amid volatile nickel prices on the London Metal Exchange has left market participants baffled, Fastmarkets understands.China announced a third round of copper scrap import quotas on August 14, all...Read More
Chinaannounced a third round of copper scrap import quotas on Wednesday August 14, allowing a select list of importers to bring an additional 87,680 tonnes of copper scrap into the country by the end of 2019, according to the Bureau of International Recycling.The list of waste import quotas, which covers waste and scrap forms of of aluminium, copper, ferrous metals and paper, was published by...Read More
Resumed buying activity in the United States amid a low outright tin price caused tin ingot premiums to widen this week, while questions surrounding physical demand continue to cap premium ranges in Europe and Asia. US market reports uptick in buying momentum European traders cautious of tightening spreads Demand woes keep Asia premium static US range widens on countervailing trends T...Read More
A series of press reports relating to the changes in Indonesia's nickel ore export ban policy amid volatile nickel prices on the London Metal Exchange has left market participants baffled, Fastmarkets understands.The latest news regarding Indonesian nickel exports claims that Indonesia's President Joko Widodo will make the final decision on whether the country will bring an export ban on mineral o...Read More
Trading volumes on the London Metal Exchange declined by 6% in the first half of 2019, parent company Hong Kong Exchanges & Clearing (HKEX) said in its own half-year results announcement.HKEX said the chargeable average daily volume of contracts traded on the LME was 619,000 lots in the first six months of the year, compared with 659,000 lots during the same period...Read More
The price of steel mesh-quality wire rod in the northern and southern European domestic markets was largely unchanged in the week to August 14, with trading activity remaining subdued amid the seasonal August slowdown, Fastmarkets heard.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe was ?,?485-510 ($543-571) per tonne on Wednesday August...Read More
Domestic prices for hollow steel sections remained unchanged across Europe this week, with trading largely on hold during the traditional summer break, sources told Fastmarkets on Wednesday August 14.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, stayed at ?,?615-630 ($688-705) per tonne on Wednesday.During August, many workers take...Read More
Iranian export prices for steel billet and slab remained largely unchanged in the week to Wednesday August 14 amid a holiday lull in the country and in the major sales outlets.Most market participants in the Middle East and North Africa, as well as in Southeast Asia, have been out of the market in recent days due to Eid al-Adha religious holiday, which ends on August 14.But market participants bel...Read More
Steel H-beam prices in both Northern and Southern Europe were unchanged week on week due to the seasonal pause in trading, sources told Fastmarkets on Wednesday August 14.Fastmarkets assessed the price for steel beams, domestic, delivered Northern Europe, steady at ?,?570-600 ($638-671) per tonne on August 14.August is traditionally when many workers take holidays and mills close for maintenance....Read More