Low-alumina Brazilian iron ore remained strongly priced on Friday July 6 while higher-alumina Australian products were traded at wider discounts.Metal Bulletin 62% Fe Iron Ore Index: $63.84 per tonne cfr Qingdao, up $0.70 per tonneMetal Bulletin 62% Fe Pilbara Blend fines Index: $62.22 per tonne cfr Qingdao, up $0.31 per tonneMetal Bulletin 58% Fe Premium Index: $51.52 per tonne cfr Qingdao, down...Read More
Nickel prices on the London Metal Exchange fell by 1.7% at the close of trading on Friday July 6, ending the week more than 4% lower while ongoing macroeconomic pressure continues to hinder the complex. Closing below $14,000 per tonne for the first time since April 13, nickel prices continued to suffer against a backdrop of falling LME inventory. Total LME nickel stocks are at their lowest si...Read More
The UK light iron scrap market finally moved up this week, breaking a 12-week run of stability due to firmer demand and the conclusion of the July monthly delivery settlements to consumers next week.Metal Bulletin's weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?95-125 ($126-165) per tonne on Friday. This compares with the low for the year to date of ?90-11...Read More
The US Midwest P1020 spot aluminium premium has stabilized after its recent drop, as the backwardation spread on the London Metal Exchange remained steady to end the week. American Metal Market's latest assessment of the US Midwest premium is 20-20.75 cents per lb, unchanged from earlier this week and the lowest since early April, when it was 18.75-19.25 cents per lb. As for the backward...Read More
The aluminium billet upcharge in the United States has temporarily paused its climb to record highs, with the summer slowdown counteracting continued supply tightness to keep the premium on level ground. American Metal Market assessed the spot 6063 billet upcharge at 17-19 cents per lb on Friday July 6, unchanged from the previous week but still an all-time high. The bille...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Correspondent Dalton Barker recaps the week in the non-ferrous markets.Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week. Base metalsKatoen Natie Singapore (Jurong) Pte Ltd has withdrawn from London Metal Exchange warehouse services with immediate effect, with the operator and name of the shed switching to Henry Bath Singapore, the LME said on Friday July 6.Metals packaging firm Ball Corp is to cease producti...Read More
All MB non-ferrous European scrap prices were unchanged on Friday July 6.Read More
The price of US domestic rebar will remain unchanged due to a lack of market activity, while import prices have dipped on the Section 232 tariffs on steel imports from Canada, Mexico, and the EU, which have effectively priced foreign products out of domestic markets.American Metal Market's price for US domestic rebar remained at $35-36 per hundredweight ($700-720 per ton), according to the la...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, HDG, PPGIHot-rolled coilTurkey, domestic, hot-rolled coil, traded at $615-625 per tonne ex-works, September production.Turkey, domestic, hot-rolled coil, offered...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish mills were absent from the global scrap markets during the week ending on July 6, owing to weaker finished steel demand and a wait-and-see attitude.Taiwanese scrap prices ticked up on steady mill demand, while Indian prices were subdued for a second week.Metal Bulletin announced the...Read More
Flat steel prices in Turkey's domestic and export markets were largely unchanged this week, while import prices pushed up despite the summer lull limiting demand, sources told Metal Bulletin on Friday July 6. Domestic producers are accepting orders for September production, and have already filled most of their order books for the month. Domestic prices Hot-rolled coil (HRC) producers in Turkey so...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet CIS, export, billet, offered at $510-515 per tonne...Read More
Steel slab prices in July will be relatively stable in Brazil thanks to steady fundamentals, and will hold up in Asia despite soft demand, market participants told Metal Bulletin on Friday July 6.But slab prices are expected to rise in the Commonwealth of Independent States (CIS) amid increasing prices for finished flat steel products and an expected reduction in supply.AsiaSoutheast Asia's and Ea...Read More
India's Tata Steel increased its domestic and European steel output in the quarter ending June 30, the company said on Friday July 6.The steelmaker produced 3.17 million tonnes of crude steel in India during the April-June period, up 7.82% from an output of 2.94 million tonnes in the corresponding period one year earlier.The increase was attributed to a ramp-up of its Kalinganagar operations in Od...Read More
The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday July 6:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $10.65-10.80 per lb from $10.55-10.65 Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $26.60-26.80 per kg from $26.40-26.60 Ferro-molybdenum US 65-70% Mo, $/Ib: $12.35-12.55 per Ib from $12.20-12.75 Tungsten European free mark...Read More
China's domestic spot battery-grade lithium carbonate prices fell on Thursday July 5 due to continued weak demand and the availability of cheaper material; hydroxide prices held steady with most producers maintaining their offers although lower prices are starting to be offered. Chinese lithium carbonate prices fell on lower consumption Cheaper battery and industrial-grade carbonate prices o...Read More
Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Metal Bulletin.Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back.Metal Bulletin pricesClick here for Metal Bulletin's price assessment for lithium carbonate min 99.5% Li2CO3 battery grade, spot price range, ex-works China, yuan per tonneM...Read More
Three-month base metals prices on the London Metal Exchange were mixed on the morning of Friday July 6, with nickel (-0.8%), zinc (+1.1%) and aluminium (+0.3%) the main movers, while copper at $6,326 per tonne and tin at $19,455 per tonne were little changed. That said, copper did spike down to a low of $6,221.50 per tonne at around 4am London time. Volume has been high with 16,267 lots traded as...Read More