The prices of base metals on the London Metal Exchange were mostly lower at the close of trading on Tuesday September 11, pressured by China's retaliatory pledge of approximately $7 billion of sanctions against the US amid an escalating trade rift.Falling 2.4% over the afternoon, three-month aluminium prices fell to an intraday low of $2,044 per tonne after making an approach back toward $2,100 pe...Read More
Steel slab prices are likely to continue to fall through the rest of September due to the increasing availability of the semi-finished product from major exporter sources in Brazil and the Commonwealth of Independent States (CIS).Currency weaknesses and slow downstream sales will meanwhile help to keep demand muted, Metal Bulletin was told on Tuesday September 11.AsiaSoutheast Asia and East Asia's...Read More
The latest metal markets news and price moves to start the North American day on Tuesday September 11.Copper prices on the London Metal Exchange were higher during morning trading on Tuesday September 11, firming back toward $6,000 per tonne, while zinc and lead prices struggled for similar momentum.Meanwhile, a forecast of the US tariffs on certain minor metal imports from China unveiled that wil...Read More
Good morning from Metal Bulletin's offices in Asia, as we bring you the latest news and pricing stories on Tuesday September 11. Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Tuesday, after the reality of escalating trade tensions between China and United States began to stifle the positive sentiment brought by strong Chinese data released early thi...Read More
Despite the recovery in international cobalt prices, Chinese market participants are not confident of an immediate subsequent pick-up in Chinese cobalt sulfate prices due to persistent tight credit lines making it difficult for cobalt companies to access cash. Weak demand had been a key driver of plummeting Chinese cobalt prices in the past few months. Although many market participants indicated c...Read More
International currency sell-offs are keeping the steel and ferrous scrap markets on edge, with the weak performances of banknotes of major emerging markets dampening import prices across Asia.Apart from the Turkish lira, which has depreciated by more than 40% this year in the aftermath of President Recep Tayyip Erdogan's quibble with the United States, the Russian rouble has also started to weaken...Read More
The prices of base metals on the London Metal Exchange were mostly lower at the close of trading on Tuesday September 11, pressured by China's retaliatory pledge of approximately $7 billion of sanctions against the US amid an escalating trade rift.Falling 2.4% over the afternoon, three-month aluminium prices fell to an intraday low of $2,044 per tonne after making an approach back toward $2,100 pe...Read More
London Metal Exchange Week, the largest annual gathering of metals and mining figures in the world, is set to begin on October 8 this year. London Metal Exchange Week, the largest annual gathering of metals and mining figures in the world, is set to begin on October 8 this year. Here is a list of the events and functions scheduled for the week. Please be aware that many events are private entry an...Read More
Comex copper prices tumbled back into negative territory during the early Tuesday trading hours in the US, with a resurgent dollar and trade worries casting a shadow over the entire base metals complex....Read More
London Metal Exchange Week, the largest annual gathering of metals and mining figures in the world, is set to begin on October 8 this year. London Metal Exchange Week, the largest annual gathering of metals and mining figures in the world, is set to begin on October 8 this year. Here is a list of the events and functions scheduled for the week. Please be aware that many events are private entry an...Read More
Some flat steel import prices in the United Arab Emirates and Saudi Arabia have increased over the past week, despite demand remaining poor, sources told Metal Bulletin on Tuesday September 11.Some small deals were heard in the UAE, but sentiment was still not positive.Demand may improve if new construction and infrastructure projects are announced, market participants believed, but they do not ex...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday September 11*Copper $2.41 (16.56 yuan) Aluminium -$441.56 (-3,036.65 yuan) Zinc $104.81 (720.77 yuan) Nickel $304.59 (2,094.68 yuan) *Metal Bulletin calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month prices at 3pm Shang...Read More
Comex copper prices tumbled back into negative territory during the early Tuesday trading hours in the US, with a resurgent dollar and trade worries casting a shadow over the entire base metals complex....Read More
The latest metal markets news and price moves to start the North American day on Tuesday September 11.Copper prices on the London Metal Exchange were higher during morning trading on Tuesday September 11, firming back toward $6,000 per tonne, while zinc and lead prices struggled for similar momentum.Meanwhile, a forecast of the US tariffs on certain minor metal imports from China unveiled that wil...Read More
Brazilian automotive production increased by 11.70% year on year in August due to higher domestic sales, according to local automotive association Anfavea. Vehicle output amounted to 291,400 units last month, compared with 260,800 units in August 2017, Anfavea said on Thursday September 6. "August's performance was a positive surprise amid the uncertainty about Brazilian elections, the loss of val...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebarOman, export, rebar, offered at $545-560 per tonne cfr, to the...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBilletOman, export, billet, offered at $520-530 per...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDGHot-rolled coilChina, export, hot-rolled coil, offered at $615-620 per tonne cfr, to Saudi Arabia.China, export, hot-rolled coil, offered at $600-610 per tonn...Read More
Macro...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Subs...Read More
Prices capped by trade tensions, supported...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issu...Read More