The following Metal Bulletin minor metals prices changed on Wednesday May 9:Minor metals Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 50,000-51,000 yuan per tonne from 51,000-51,500 yuan per tonneBismuth MB free market, $/lb: $4.90-5.30 per lb from $5.10-5.35 per lbCadmium MB free market min 99.95%, cents/lb: 135-150 per lb from...Read More
The following Metal Bulletin noble alloys and ores prices changed on Wednesday May 9:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $11.80-11.90 per lb from $12.30-12.40 per lbFerro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $28.80-29.10...Read More
The stainless steel scrap market has little sparkle, with prices dropping slightly in the United States."There is not a lot of concern over business as melt rates continue to be good but there does seem to be a tangible concern on oversupply," one US processor source said. "With that realization in the marketplace, there is a tweaking of prices that are lower for this week."American Metal Mar...Read More
US ferrous scrap export prices to Turkey bounced off of the bottom with a fresh sale from the East Coast on Tuesday May 8, but the turnaround in the bulk market was eclipsed by a large reduction in shredder feed prices at export yards. Two cargoes were sold off the East Coast to Turkey over the past seven days. The first bulk sale, which transacted on May 4 at $359 per tonne cfr for shredded...Read More
China's domestic and export coke prices gained some upward momentum over the past week thanks to higher mill margins and continued measures intended to reduce pollution.Metal Bulletin's assessment of export prices for Chinese coke with 65% coke strength after reaction (CSR), 12.5% ash, 30-90mm, was $320-330 per tonne fob China for the week ended Tuesday May 8.This was up by $5 per tonne from $315-...Read More
Turkish steel producers stayed out of the market on Wednesday May 9, with no deep-sea transactions reported amid holidays in Russia and Ukraine, sources told Metal Bulletin.The Ukrainian and Russian markets were closed for Victory Day holidays on Wednesday.Market participants nonetheless said that Baltic Sea-origin HMS 1&2 (80:20) will be about $357 per tonne and $360 per tonne cfr&...Read More
Seaborne iron ore trading activity increased on Wednesday May 9, with lower fixed prices but steadier premiums.Metal Bulletin 62% Fe Iron Ore Index: $66.46 per tonne cfr Qingdao, down by $0.34 per tonne Metal Bulletin 58% Fe Premium Index: $54.29 per tonne cfr Qingdao, down by $1.25 per tonne Metal Bulletin 65% Fe Iron Ore Index: $85.20 per tonne cfr Qingdao, unchangedMetal Bulletin 62% Fe China P...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. ...Read More
Seaborne coking coal prices continued to edge higher on Wednesday May 9 with buyers taking positions before prices increase further in a rising market.A premium mid-vol cargo with May 20-30 laycan, was sold at $195.50 per tonne cfr China to an end user, sources told Metal Bulletin. This is $2.50 per tonne higher than a transaction for the same brand a day earlier. A lower-ranked second-t...Read More
Ferrous scrap will increasingly replace natural resources as the main raw material to produce steel, according to the World Steel Association (Worldsteel) head of raw materials, Dr Baris Bekir ??ift??i.This is mainly due to ferrous scrap's increasing availability globally, as well as structural reforms in major steelmaking countries to increase the usage of electric-arc furnaces in the steel produ...Read More
Aluminium stocks at London Metal Exchange-approved warehouses have fallen by over 100,000 tonnes since the United States slightly loosened sanctions against Russian producer UC Rusal, leading to traders becoming more willing to deal with old stocks. As of Wednesday May 9, total aluminium stocks on the LME have declined 108,600 tonnes, more than 7%, since the US Department of the Treasury's Office...Read More
The latest metal markets news and price moves to start the North American day on Wednesday May 9. Base metals on the London Metal Exchange edged slightly higher during morning trading, with nickel the only metal in the complex to trade lower."The base metals' recent attempts to rally ran into supply and prices are consolidating once again. The combination of less than bullish economic data, the st...Read More
Glencore-owned Access World opened a new warehouse in Dubai on Wednesday May 9 in partnership with Rais Hassan Saadi (RHS) Group, part of its continued multi-product push beyond London Metal Exchange metals.The $11 million facility is located on a plot of 40,000 square meters in the Jebel Ali free zone, with 15,200 square meters of covered space.Its total storage capacity exceeds 100,000 freight t...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Base metals prices on the London Metal Exchange were mixed on the morning of Wednesday May 9, with all the metals, except tin (+0.2%) and lead (+0.3%), down by an average of 0.3%. Copper prices were off 0.4% at $6,785 per tonne.Volume on the LME has been below average, with 5,734 lots traded as at 07.37 am London time. This follows on from what turned out to be a generally negative day on Tuesday,...Read More
European steelmaker Aperam expects "no significant impact" on stainless steel output after an explosion its Ch??telet plant in south-central Belgium, a spokesman told Metal Bulletin on Wednesday May 9."The explosion took place this morning at the oxygen distribution unit - three employees were slightly injured," the...Read More
Nickel premiums in both China and Europe were unchanged on Tuesday May 8 due to the negative arbitrage window in China and muted demand in the aftermath of the May holidays respectively.Premiums in the United States were also flat, largely due to steady demand. Chinese, European and US nickel premiums steady Thin trading activity reported in China and Europe US premiums firm...Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday May 9:Aluminium scrap Group 1 pure 99% & litho: ?1,400-1,440 per tonne from ?1,390-1,440 per tonneClean HE9...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday May 9. Base metals prices on the Shanghai Futures Exchange were down across the board during Asian morning trading on Wednesday, dragged lower by the stronger dollar. Zinc prices, trading little changed to weaker, were the most resilient of the complex.Check Metal Bulletin's live fut...Read More
Free Copper Tips – Copper SELL Call 7e1 given at price 460 Achieved 1st Target 458 & 2nd Target 457 today. Made 449.50 Low. Profit of 3 Point x 2lot = 6 Points in Crude Sell carry call7e1 : Copper Tips - SELL Copper at CMP 460 for Target 458 - 457 with SL Above price 461.50. Trade 2 lotsAFTER POST CONTENT Read More