Prices in the CIS export billet market have become firmer, with customers finally accepting higher prices, Metal Bulletin heard on Monday June 11.Mills continued to increase their offer prices, citing positive developments in the scrap market in Turkey, and the imminent end of the Islamic holy month of Ramadan, which will see a restoration of normal levels of business activity.There is reduced com...Read More
Turkish steel producers were silent in the deep-sea scrap markets at the beginning of this week after booking almost 250,000 tonnes of material last week, sources said on Monday June 11.The mills in the country had been in the market for July deliveries and booked seven deep-sea cargoes in the week ended June 8.But the prices have now started to pick up again because of the stronger Turkish demand...Read More
Base metals on the London Metal Exchange closed mostly lower at the end of trading on Monday June 11, with copper, nickel and tin prices recording losses while lead and aluminium made marginal gains. Falling 0.7% over the afternoon, copper's three-month price has dipped from the five-year highs that pushed its price up to $7,300 per tonne last week. Uncertainty over labor negotiations at BHP...Read More
The latest metal markets news and price moves to start the North American day on Monday June 11.Base metals on the London Metal Exchange were mostly lower during morning trading on Monday June 11, with copper and nickel prices decreasing while lead was the only metal to trade higher.Here's how...Read More
Good morning from Metal Bulletin's offices in Asia, bringing the latest news and pricing stories on Monday June 11.Base metals prices on the Shanghai Futures Exchange were up across the board during Asian morning trading on Monday, with copper leading the advance following the release of healthy Chinese economic data over the weekend.China's consumer inflation (CPI) rose by 1.8% year on year in Ma...Read More
Seaborne coking coal prices rose to their highest in over two months last week - on Monday June 11, Metal Bulletin's fob Australia Premium Hard Coking Coal Index was 35% higher than where it was a year earlier - with supply concerns emerging as a key factor affecting the outlook for the market.Changes made by Queensland's rail freight operator Aurizon to its operational and maintenance practices h...Read More
Base metals on the London Metal Exchange closed mostly lower at the end of trading on Monday June 11, with copper, nickel and tin prices recording losses while lead and aluminium made marginal gains. Falling 0.7% over the afternoon, copper's three-month price has dipped from the five-year highs that pushed its price up to $7,300 per tonne last week. Uncertainty over labor negotiations at BHP...Read More
The Chinese domestic ferro-silicon market increased on expected tighter supply, with producers encountering environmental checks that could cut production in coming weeks, while the European market has been stable in June, ahead of the third-quarter delivery settlements conclusion between alloy suppliers and consumers in the steel sector. China adds to price gains on supply worries Could bec...Read More
Comex copper experienced a bout of profit-taking to open the new week on Monday June 11 morning in the US, following last week's surge.Copper for July settlement on the Comex division of the New York Mercantile Exchange fell 3.70 cents or 1.1% to $3.2630 per lb. Despite the downturn this morning market participants remain optimistic, with the global economy showing solid...Read More
The Chinese domestic ferro-silicon market increased on expected tighter supply, with producers encountering environmental checks that could cut production in coming weeks, while the European market has been stable in June, ahead of the third-quarter delivery settlements conclusion between alloy suppliers and consumers in the steel sector. China adds to price gains on supply worries Could bec...Read More
Aqua Metals Inc has begun commercialization of its non-polluting electrochemical lead recycling technology with the production of pure AquaRefined lead. The first block of 99.985% grade lead was cast on Thursday June 7 through the technology, known as AquaRefining. The California, United States-based company said it expects to increase purity to the 99.994% grade, in excess of the...Read More
Comex copper experienced a bout of profit-taking to open the new week on Monday June 11 morning in the US, following last week's surge.Copper for July settlement on the Comex division of the New York Mercantile Exchange fell 3.70 cents or 1.1% to $3.2630 per lb. Despite the downturn this morning market participants remain optimistic, with the global economy showing solid...Read More
Following a turbulent first half of the year marked by outbreaks of price volatility, forecasts suggest market sentiment towards London Metal Exchange zinc and lead are set to improve on brighter supply dynamics. Trading at $3,205 per tonne as at 13:30 pm London time on Monday June 11, zinc's three-month price is recording a steady upward trend after breaking past its nearest resistance level on J...Read More
The latest metal markets news and price moves to start the North American day on Monday June 11.Base metals on the London Metal Exchange were mostly lower during morning trading on Monday June 11, with copper and nickel prices decreasing while lead was the only metal to trade higher.Here's how...Read More
Base metals on the London Metal Exchange were mostly lower during morning trading on Monday June 11, with copper and nickel prices decreasing while lead was the only metal to trade higher."Metals prices are largely stagnant as the new week gets underway, ignoring the bombshell that ended the G7 summit at the weekend. After leaving the meeting early, US president Donald Trump later revoked the join...Read More
Three-month base metals prices on the London Metal Exchange were split into two camps on the morning of Monday June 11, with lead, zinc and aluminium prices moving higher, while the rest weakened.Lead outperformed this morning with a 1% gain to $2,492 per tonne, with zinc and aluminium registering increases of 0.3% and 0.2% respectively. Tin led on the downside with a decline of 0.5%, while copper...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday June 11*Copper -$191.5 (-1,229.13 yuan) Aluminium -$545.02 (-3,498.23 yuan) Zinc -$24.77 (-158.99 yuan) Nickel -$280.19 (-1,798.38 yuan) * Metal Bulletin calculates the...Read More
Buying activity in the Commonwealth of Independent States export slab market has shown signs of recovery during the week ended Monday June 11 as several bookings were heard done in Southeast Asia and the Middle East.Metal Bulletin's CIS export slab price assessment was $510-515 per tonne fob Black Sea on Monday, unchanged from the previous week.CIS mills selling material from the Black Sea and Far...Read More
Brazilian domestic prices of hot-rolled coil, cold-rolled coil and hot-dipped galvanized coil have increased this month as mills have been struggling to apply previously announced price movements.Metal Bulletin's monthly assessment of Brazil domestic HRC prices rose to 2,600-2,700 Reais ($701-728) per tonne-ex-works on Friday June 8 compared with 2,500-2,600 Reais per tonne ex-works on May 4....Read More
Due to a technical error, Metal Bulletin's monthly price assessment for domestic cold-rolled coil (CRC) in Brazil was published incorrectly on June 8, 2018.Metal Bulletin has now corrected its monthly Brazil CRC assessment.The price was published at 2,800-2,900 Reais ($754.93-781.89) per tonne ex-works, and has subsequently been corrected to 2,900-3,000 Reais per tonne ex-works.Metal Bulletin's pr...Read More