SHANGHAI, May 30 (SMM) – Copper: Copper prices dipped overnight amid bearish sentiment as US-Sino trade tension re-emerged and as Italy entered a political crisis. LME copper is expected to trade at $6,800-6,860/mt with the SHFE 1807 contract at 51,200-51,700 yuan/mt today. Spot discounts are seen at 90-30 yuan/mt as a deadlock continues between sellers and downstream buyers.A...Read More
Targeting $15,000 per tonne... Despite a more...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest i...Read More
SHANGHAI, May 30 (SMM) – Copper: Copper prices dipped overnight amid bearish sentiment as US-Sino trade tension re-emerged and as Italy entered a political crisis. LME copper is expected to trade at $6,800-6,860/mt with the SHFE 1807 contract at 51,200-51,700 yuan/mt today. Spot discounts are seen at 90-30 yuan/mt as a deadlock continues between sellers and downstream buyers.A...Read More
Tin under selling pressure... LME tin...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
Prices for domestic hollow steel sections narrowed downward in Northern Europe this week, with market activity remaining thin amid regulatory uncertainty, market sources told Metal Bulletin on Wednesday May 30.Metal Bulletin's price assessment for commodity-size, grade-S235 square hollow sections made and delivered in Northern Europe narrowed downward by ?,?5 per tonne to ?,?640-650 ($741-752) per...Read More
Price action confined to narrow range ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as so...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Brazilian miner CSN Minera????o has declared force majeure over an ongoing protest by truck drivers over recent fuel price increases, it said on Tuesday May 29.The nationwide strike, which started on May 18, has resulted in the iron ore producer, a 87.52%-owned subsidiary of steel and iron ore...Read More
Three-month base metals prices on the London Metal Exchange were down across the board by an average of 0.4%, with copper prices off by 0.9% at $6,768 per tonne. Volume has been heavy with 12,850 lots traded as of 07:53 am London time. This follows a mixed performance on Tuesday when copper and lead prices were off 0.5% and 0.3% respectively, aluminium prices closed up by 0.1% and the rest were up...Read More
All pig iron production facilities in Brazil came to a halt this week due to the truck drivers' strike over recent fuel price rises, Metal Bulletin was told on Wednesday May 30."100% of the pig iron sector has stopped due to the strike," a producer said."[Operations at] almost all companies are reportedly halted," a second producer added.The Brazilian truck drivers' nationwide strike, which began...Read More
The export price of CIS steel billet continued to drop on Wednesday May 30 with new bookings being reported at lower levels.Metal Bulletin's CIS billet export index was $504 per tonne fob Black Sea on May 30, down by $5 per tonne day-on-day.Offers from CIS mills were heard mostly within the range of...Read More
Prices for domestic hollow steel sections narrowed downward in Northern Europe this week, with market activity remaining thin amid regulatory uncertainty, market sources told Metal Bulletin on Wednesday May 30.Metal Bulletin's price assessment for commodity-size, grade-S235 square hollow sections made and delivered in Northern Europe narrowed downward by ?,?5 per tonne to ?,?640-650 ($741-752) per...Read More
Domestic prices for steel beams in both Northern and Southern Europe were largely stable this week, with demand continuing to be mixed, sources told Metal Bulletin on Wednesday May 30.Metal Bulletin's weekly price assessment for domestic S235-grade, 200x200mm category-2 H-beam in Northern Europe widened upward by ?,?5 per tonne to ?,?590-620 ($683-717) per tonne delivered on May 30, from ?,?590-61...Read More
Nickel prices on the London Metal Exchange climbed 1.4% at the close of trading on Wednesday May 30, while copper volumes traded at their highest since April 19.The three-month nickel price gathered momentum throughout the afternoon, rallying from a daily low of $14,685 per tonne to reach a high of $15,190 per tonne for the day. Nickel's bullish move comes after the US dollar index softened f...Read More
The latest metal markets news and prices moves for the start of the North American day on Wednesday May 30. The latest metal markets news and prices moves for the start of the North American day on Wednesday May 30. Base metals were broadly lower on the London Metal Exchange during morning trading on Wednesday May 30, with tin the only metal to record an upward move against a strengthening US doll...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday May 30.Copper prices on the Shanghai Futures Exchange fell during Asian morning trading on Wednesday, reversing the gains seen on Tuesday, with the red metal's prices coming under pressure from a strengthening dollar.Check Metal Bulletin's live futures report here.LME snapshot at 03....Read More
Nickel prices on the London Metal Exchange climbed 1.4% at the close of trading on Wednesday May 30, while copper volumes traded at their highest since April 19.The three-month nickel price gathered momentum throughout the afternoon, rallying from a daily low of $14,685 per tonne to reach a high of $15,190 per tonne for the day. Nickel's bullish move comes after the US dollar index softened f...Read More
Tight spot supply of Iranian lead ingots has pushed up premiums for major importers such as India and some Southeast Asian countries, while premiums for zinc remain stable across global markets with levels in Europe holding at a multi-year low. Secondary lead premiums for India up $10 per tonne from a week ago, on supply shortage led by summer production lull and Iranian ingot shortage Cert...Read More
Comex copper prices eased on Wednesday May 30 morning in the US, presenting a dip-buying opportunity for the market.Copper for July settlement on the Comex division of the New York Mercantile Exchange declined 1.4 cents or 0.46% to $3.0485 per lb."For the moment we view the weakness on Wednesday...Read More