The latest news and price moves to start the Asian day on Thursday July 19.Zinc prices on the London Metal Exchange rallied at the close of trading on Wednesday July 18, buoyed by weaker than expected housing statistics in the United States amid broad consolidation across most of the other base metals. Read more in our live futures report.Here are how prices looked at the close of t...Read More
Base metals prices finished in negative territory amid a stronger dollar on Thursday July 19, with no updates on the trade war front....Read More
Zinc inventory in Shanghai Futures Exchange-approved warehouses plunged to a 10-year low after buyers took advantage of price declines and while supply remains restricted by local production cuts. SHFE zinc inventory stood at 58,016 tonnes on Friday July 13, the lowest since February 1, 2008. A net 38,941 tonnes of refined zinc has been withdrawn from SHFE-registered warehouses in just one month....Read More
Comex copper prices were again under considerable pressure with no movement in the ongoing trade war and a stronger dollar combining to weigh on the base metals complex....Read More
South32 has announced a 10% year-on-year increase in manganese ore production for the financial year ended June 30, 2018, and record performance in Australia amid strong demand and prices during the period. ...Read More
South32 has announced a 10% year-on-year increase in manganese ore production for the financial year ended June 30, 2018, and record performance in Australia amid strong demand and prices during the period. ...Read More
Turkish steel mills skipped Thursday July 19, with no deep-sea scrap bookings reported after the buying spree on Wednesday, when three cargoes totaling around 115,000 tonnes were booked....Read More
Comex copper prices were again under considerable pressure with no movement in the ongoing trade war and a stronger dollar combining to weigh on the base metals complex....Read More
Three-month base metals prices on the London Metal Exchange were down across the board by an average of 1% on the morning of Thursday July 19. Losses were ranged between a 0.1% drop for aluminium and a 2% fall for zinc. The three-month copper price was down by 0.8% at $6,129 per tonne.Volume has been above average with 9,737 lots traded across the complex as at 7.22am London time.This follows a ge...Read More
Chinese battery manufacturers' profit margins are being squeezed significantly by rising procurement costs for battery raw materials, delegates to an industry conference have been told....Read More
Domestic prices for hot-rolled coil (HRC) in Europe are expected to move up when market activity recovers from the summer lull, supported by this week's preliminary decision in an EU safeguard case, sources told Metal Bulletin on Thursday July 19....Read More
China's hot-rolled coil prices rebounded on Thursday July 19 to snap a two-day decline after investor sentiment was lifted by news of the central bank's measures to boost liquidity, while output cuts in northern China also added fuel to the fire....Read More
China's ferrous futures trended upward during morning trading on Thursday July 19, with the coking coal and coke contracts ending the session particularly higher, though prices in the Chinese physical market showed a mixed trend....Read More
Algeria's steel billet import market is set for dramatic changes in the next couple of years, largely as a result of the country's fast-growing local steel industry.The country's steelmaking capacity is expected to grow by around 7 million tonnes by the end of 2020, which will lead to significant reduction in, if not the total elimination of, billet imports, sources told M...Read More
Steel billet import prices fell this week in Egypt with new deals heard in the market, but domestic rebar prices have remained unchanged, sources told Metal Bulletin on Thursday July 19....Read More
Turkish domestic rebar and wire rod prices have increased on a US-dollar basis due to a strengthening of the lira, although demand was still weak, sources said on Thursday July 19....Read More
Turkish steel mills skipped Thursday July 19, with no deep-sea scrap bookings reported after the buying spree on Wednesday, when three cargoes totaling around 115,000 tonnes were booked....Read More
Physical iron ore prices strengthened on Thursday July 19 amid gains in China's steel market....Read More
China's ferrous futures trended upward during morning trading on Thursday July 19, with the coking coal and coke contracts ending the session particularly higher, though prices in the Chinese physical market showed a mixed trend....Read More
Algeria's steel billet import market is set for dramatic changes in the next couple of years, largely as a result of the country's fast-growing local steel industry.The country's steelmaking capacity is expected to grow by around 7 million tonnes by the end of 2020, which will lead to significant reduction in, if not the total elimination of, billet imports, sources told M...Read More