Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday August 15.Base metals prices on the Shanghai Futures Exchange continued to slide during morning trading on Wednesday, following disappointing Chinese economic data that heightened concerns over slowing growth in the world's second largest economy.Check Metal Bulletin's live futures r...Read More
The price of base metals on the London Metal Exchange plummeted at the close of trading on Tuesday August 15, largely affected by sharp risk-off sentiment amid volatile currency flows.Falling furthest, zinc prices have dipped more than 6%, closing at their lowest point since October 2016 and down more than 30% since the start of the year, when prices were at $3,316 per tonne on January 2.Volumes t...Read More
Comex copper prices hit a fresh low during midweek trading on August 15 morning in the US, amid a general exit from the commodities sector due to a rising dollar and fears of a contagion from the Turkey crisis....Read More
Physical iron ore prices continued to soften on Wednesday August 15, with wider discounts being reported for prompt seaborne cargoes....Read More
The Turkish steel mills continued to hold back from the deep-sea scrap markets on Wednesday August 15 while the crisis between Turkey and United States escalates, with Turkey doubling import tariffs imposed on material from the larger country....Read More
Nickel premiums in China trend higher on a wide London Metal Exchange contango, while the European nickel premium eased slightly on weak fundamentals and US premiums were unchanged....Read More
Comex copper prices hit a fresh low during midweek trading on August 15 morning in the US, amid a general exit from the commodities sector due to a rising dollar and fears of a contagion from the Turkey crisis....Read More
Tin premiums were unchanged on Tuesday August 14 with thin spot activity and sufficient supply continuing to keep the market stagnant in Europe, the United States and China. ...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday August 15*...Read More
The latest metal markets news and price moves to start the North American day on Wednesday August 15....Read More
Base metals' prices on the London Metal Exchange were broadly lower during morning trading on Wednesday August 15, pressured by a new surge in the US dollar index while the fallout of Turkey's weak currency continues to distress commodity investment....Read More
The crisis between the United States and Turkey has had its most marked effects on the long steel market in the Middle Eastern country, where deals are made in Turkish lira....Read More
Pakistan, Turkey and India have been identified as the UK's fastest-growing export partner nations for iron and steel products, according to new research....Read More
Morocco's ministry of industry, investment and commerce has started an investigation into whether to extend the application of an import duty on rebar and wire rod shipments....Read More
Domestic prices for steel beams in Europe were flat this week due to the summer break keeping the market quiet, but there could be an increase in prices soon, sources told Metal Bulletin on Wednesday August 15....Read More
Prices for domestic hollow steel sections made in Europe remained stable this week due to a lack of trading in the summer holiday lull, sources told Metal Bulletin on Wednesday August 15....Read More
Prices for rebar produced and delivered in Northern Europe have remained stable over the past week, due to low market activity amid religious holidays in several countries in the region, sources told Metal Bulletin this week....Read More
Molybdic oxide prices in Europe dropped in the midweek pricing session following a 3% drop in both oxide and alloy markets the week before, with slow trading encouraging lower offer prices, sources told Metal Bulletin. ...Read More
Key data from the Wednesday August 15 pricing session in Europe. ...Read More
The following Metal Bulletin noble alloys and ores prices changed on Wednesday August 15:...Read More