Comex copper prices inched higher in the US on Friday June 8, while concerns surrounding the highly anticipated Escondida negotiations drove the red metal's rally this week.Copper for July settlement on the Comex division of the New York Mercantile Exchange gained 1.8 cents or 0.55% to $3.293 per lb."LME copper has railed strongly, by 5%, so far this week, up 6%...Read More
Seaborne coking coal prices ended the week higher amid a strengthening market for metallurgical coke in China and a pick-up in buying activity among traders. A cargo of premium mid-vol hard coking coal was traded at $197 per tonne fob Australia, market sources said on Friday June 8. This follows a transaction involving similar materials that was concluded at around $200 per tonne cfr China a day e...Read More
The UK light iron scrap market was stable over the past week for the ninth week in a row amid mixed reports of monthly delivery settlements to consumers in June, industry sources told Metal Bulletin on Friday June 8.The inter-merchant light iron scrap market will probably move in line with monthly delivery settlements that should be finalized next week, sources said. Some sources reported tha...Read More
Argentinian steel producers have been granting temporary discounts in prices to their domestic market, because of a strong fall in the exchange-rate value of the country's currency.Discounts of around 5% in most domestic steel prices were granted for a period of 15-20 days, after which prices will be expected to return to their previous levels, sources told Metal Bulletin on Friday June 8.Metal Bu...Read More
An overview of the battery raw materials markets and their price moves from the past week. ...Read More
Recent spikes in the price of copper may not go very far, with supply trends showing a mixed picture, market analysts said on Friday June 8.While market watchers attribute price rises to concerns about the stability of supply, because of the wage negotiations at Escondida in Chile and a shutdown of Sterlite's smelter in southern India, the rising terms of copper concentrates treatment charges (TCs...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsChina's crackdown on imports of lead waste products has sent ripples through the smelting industry there, with some companies pondering capacity cuts amid one of the tightest concentrate markets in years.Primary copper smelting capacities have been partly suspended in import...Read More
Comex copper prices inched higher in the US on Friday June 8, while concerns surrounding the highly anticipated Escondida negotiations drove the red metal's rally this week.Copper for July settlement on the Comex division of the New York Mercantile Exchange gained 1.8 cents or 0.55% to $3.293 per lb."LME copper has railed strongly, by 5%, so far this week, up 6%...Read More
China's crackdown on imports of lead waste products has sent ripples through the smelting industry there, with some companies pondering capacity cuts amid one of the tightest concentrate markets in years. Chinese customs publicly named Glencore at the end of May as attempting to import 16,000 tonnes of lead waste products labeled as concentrates originating in Germany, detaining two employees...Read More
The latest metal markets news and price moves to start the North American day on Friday June 8.Base metals on the London Metal Exchange were broadly lower during morning trading, with lead, nickel and copper prices falling. Copper retreated slightly after hitting a four-and-a-half year high yesterday of $7,350 per tonne. Here's how base metals prices looked at 12:15 London time: See our live futur...Read More
China imported 475,000 tonnes of unwrought copper and copper products in May, up 21.79% on a yearly basis from 390,000 tonnes last May, and reported a 3,300-tonne increase from April, according to preliminary data released by China Customs on Friday June 8.Total imports for January-May were at 2.15 million tonnes, up 16.7% from the corresponding period of last year, data showed."The tighter regula...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Import prices for containerized HMS-grade scrap in Taiwan dropped further this week amid persistently poor end-user demand in the spot market.Trading activity remained lackluster in the iron ore market on Friday June 8, with lower prices reported for Australian fines at Chinese ports, although a seaborn...Read More
Indian domestic secondary billet prices have fallen over the past week by about 400 rupees ($6) per tonne, with demand for semi-finished materials remaining slack among finished product makers because of the early monsoon.Metal Bulletin's price assessment for domestic secondary billet in India, mainly produced through the induction furnace route, was 37,000-37,200 rupees ($550-553) per tonne ex-mi...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 $580-590 per tonne ex-works, July production.Turkey, domestic, hot-rolled coil, offered at $...Read More
Flat steel prices in Turkey's domestic market increased this week while import prices decreased, with demand improving, market participants told Metal Bulletin on Friday June 8.Some domestic producers are still accepting orders for July production, while others have closed their order books for July and made higher priced offers for August production. Domestic prices Hot-rolled coil (HRC) producer...Read More
Domestic rebar prices in Poland remained largely unchanged over the past week despite continuing pressure from lower-priced imports, sources told Metal Bulletin on Friday June 8.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,220-2,300 zloty ($614-636) per tonne ex-works on June 8, compared with 2,250-2,280 zloty per tonne ex-works a week earlier.The as...Read More
Coated coil prices in Turkey are expected to increase soon on improved demand and increasing production costs, sources told Metal Bulletin on Friday June 8.Domestic prices One northern Turkish producer was offering 0.50mm hot-dipped galvanized coil (HDG) at $745-750 per tonne ex-works this week. Another northern producer closed its order book on Friday, and is expected to announce new prices next...Read More
The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday June 8:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $11.30-11.50 per lb from $11.45-11.55 Molybdenum US canned molybdic oxide, $/Ib $11.40-11.60 per Ib from $11.60-11.70 Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $27.95-28.50 per kg from $28.30-28.90 Ferro-molybdenum US 65...Read More
Key data from the pricing session in the week ending Friday June 8. China Prices rose in China's domestic ferro-chrome market due to environmental inspections cutting output in the country's major production hub of Inner Mongolia. The recovery in the domestic ferro-chrome market was reflected in...Read More
Lower-cost material availability alongside persistently low consumption pushed down battery-grade lithium carbonate and hydroxide prices ex-works China on Thursday June 7, while prices in the rest of the world were steady week on week. Battery-grade lithium carbonate and hydroxide prices soften in China Continued deceleration in consumption alongside cheaper material available in the market...Read More