Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Metal Bulletin. Trade log for battery-grade lithium carbonate in China, including trades, bids and offers reported to Industrial Minerals.Unless otherwise stated, all prices are per tonne on an in-warehouse China basis. Delivered prices are netted back.Please click here for Metal Bulletin's price a...Read More
Three-month base metals prices on the London Metal Exchange consolidated on the morning of Friday June 8 amid concerns that the latest trade figures from China could stoke further trade tensions. This as world leaders gather in Canada for the 44th G7 Summit, where likely topics for discussion include global economic issues such as trade relations and tariffs. The three-month aluminium price on the...Read More
Turkish mills continued to buy deep-sea scrap for July deliveries on Friday, June 8, while prices continued to surge.The most recent transaction takes the number of Turkish deep-sea import cargoes to seven so far this week, with total combined volumes of just under 235,000 tonnes.On Friday, a steel mill in...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Beijing Iron Ore Trading Center,...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
SHANGHAI, Jun 8 (SMM) – Nonferrous metals dipped across the board on Friday June 8 with SHFE nickel leading the loss and closing nearly 2.4% lower. Tin dropped 1.2%, lead fell 0.72%, and copper, zinc, and aluminium inched down. The ferrous complex saw mixed trading. Coke rose 0.73%, coking coal gained 0.28%, while iron ore slumped nearly 1.2%. Rebar and hot-rolled coil dipped. Copp...Read More
SHANGHAI, Jun 8 (SMM) – Nonferrous metals dipped across the board on Friday June 8 with SHFE nickel leading the loss and closing nearly 2.4% lower. Tin dropped 1.2%, lead fell 0.72%, and copper, zinc, and aluminium inched down. The ferrous complex saw mixed trading. Coke rose 0.73%, coking coal gained 0.28%, while iron ore slumped nearly 1.2%. Rebar and hot-rolled coil dipped. Copp...Read More
SHANGHAI, Jun 8 (SMM) – Over 100 housing projects are likely to be up for sale across Shenzhen in 2018, Shenzhen Economic Daily reported from the Shenzhen Planning Land and Resources Commission on Friday June 8.This translated to over 50,000 new homes, up 50% from a year ago.In May, the Shenzhen government approved 481,500 square metres of residential housing areas for pre-sale, up...Read More
SHANGHAI, Jun 8 (SMM) – Nonferrous metals dipped across the board on Friday June 8 with SHFE nickel leading the loss and closing nearly 2.4% lower. Tin dropped 1.2%, lead fell 0.72%, and copper, zinc, and aluminium inched down. The ferrous complex saw mixed trading. Coke rose 0.73%, coking coal gained 0.28%, while iron ore slumped nearly 1.2%. Rebar and hot-rolled coil dipped. Copp...Read More
SHANGHAI, Jun 8 (SMM) – Over 100 housing projects are likely to be up for sale across Shenzhen in 2018, Shenzhen Economic Daily reported from the Shenzhen Planning Land and Resources Commission on Friday June 8.This translated to over 50,000 new homes, up 50% from a year ago.In May, the Shenzhen government approved 481,500 square metres of residential housing areas for pre-sale, up...Read More
SHANGHAI, Jun 8 (SMM) – The operating rate across China's galvanising plants in May gained 0.46 percentage points from April and stood at 86.6%, SMM found in a survey. This is up 8.7 percentage points from last year. The operating rate surged from last year as large galvanising plants already fitted with environmentally friendly facilities after rectification. Plants were mostly sus...Read More
SHANGHAI, Jun 8 (SMM) – This is a roundup of China's base metals output in May. SMM surveyed major producers in the market to obtain information for calculation.Copper: China's output of refined copperin May grew 1.3% on the month, 19.6% on the year, and came in at 747,300 mt, an SMM survey showed. Output in the first five months of the year gained 13.4% and stood at 3.60 million mt....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 8 points in pre-opening trade. The Canadian Dollar dropped 0.21 to U.S. 76.85 cents following release of the May Canadian Employment report. Consensus was an increase of 25,000 versus a drop of 1,000 in April. Actual was a drop of 7,500. Consensus for the May Unemployment Rate was 5.8%. Actual was 5.8%. Consensus for...Read More
SHANGHAI, Jun 8 (SMM) – Operating rates across refined zinc producers in China fell 3.48 percentage points from April and stood at 68.6% in May, SMM research found.In May, many smelters underwent maintenance and this accounted for the relatively sharp decline in operating rates. As falling zinc prices and low processing fees narrowed profit margins, some smelters brought forward planned...Read More
SHANGHAI, Jun 8 (SMM) –Copper: Copper prices slowed their upward trends overnight. LME copper came off from highs and hit the highest in four and a half years. The SHFE 1808 contract also lost some previous gains as some longs took profit and left. We remain bullish on copper prices in the short term. LME copper is likely to trade at $7,250-7,300/mt today; the SHFE 1808 contract is likely to...Read More
SHANGHAI, Jun 8 (SMM) – This is a roundup of China's base metals output in May. SMM surveyed major producers in the market to obtain information for calculation.Copper: China's output of refined copperin May grew 1.3% on the month, 19.6% on the year, and came in at 747,300 mt, an SMM survey showed. Output in the first five months of the year gained 13.4% and stood at 3.60 million mt....Read More
SHANGHAI, Jun 8 (SMM) – Over 100 housing projects are likely to be up for sale across Shenzhen in 2018, Shenzhen Economic Daily reported from the Shenzhen Planning Land and Resources Commission on Friday June 8.This translated to over 50,000 new homes, up 50% from a year ago.In May, the Shenzhen government approved 481,500 square metres of residential housing areas for pre-sale, up...Read More
SHANGHAI, Jun 8 (SMM) –Copper: Copper prices slowed their upward trends overnight. LME copper came off from highs and hit the highest in four and a half years. The SHFE 1808 contract also lost some previous gains as some longs took profit and left. We remain bullish on copper prices in the short term. LME copper is likely to trade at $7,250-7,300/mt today; the SHFE 1808 contract is likely to...Read More
SHANGHAI, Jun 8 (SMM) – This is a roundup of China's base metals output in May. SMM surveyed major producers in the market to obtain information for calculation.Copper: China's output of refined copperin May grew 1.3% on the month, 19.6% on the year, and came in at 747,300 mt, an SMM survey showed. Output in the first five months of the year gained 13.4% and stood at 3.60 million mt....Read More
Trading activity remained lackluster in the iron ore market on Friday June 8 with lower prices reported for Australian fines at Chinese ports, though a seaborne cargo of Brazilian Blend fines was traded above $70 per tonne cfr.Metal Bulletin 62% Fe Iron Ore Index: $67.44 per tonne cfr Qingdao, up by $0.60 per tonneMetal Bulletin 58% Fe Premium Index: $54.06 per tonne cfr Qingdao, unchang...Read More