U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points in pre-opening trade.First quarter reports poured in since yesterday's close. Reporting companies included Alphabet, Biogen, Canadian National Railways, Caterpillar, Coca Cola, Corning, Freeport McMoran, Google, Harley Davidson, JetBlue, Lockheed Martin, MMM, Masco, Restaurant Brands International, Sherwin Wi...Read More
Aluminium LME aluminium declined 9.4% on Monday, April 23,...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 dow...Read More
SHANGHAI, Apr 24 (SMM) – Nonferrous metals fell across the board on Tuesday April 24, as SHFE aluminium led with a loss of 3.69%. SHFE nickel and tin dropped over 1%, copper and lead edged down slightly while zinc dipped.The ferrous complex notched a strong performance except for iron ore. Coking coal and coke rose over 2%, rebar went up over 1% and hot-rolled coil gained 0.77%.Cop...Read More
SHANGHAI, Apr 24 (SMM) – Nonferrous metals fell across the board on Tuesday April 24, as SHFE aluminium led with a loss of 3.69%. SHFE nickel and tin dropped over 1%, copper and lead edged down slightly while zinc dipped.The ferrous complex notched a strong performance except for iron ore. Coking coal and coke rose over 2%, rebar went up over 1% and hot-rolled coil gained 0.77%.Cop...Read More
SHANGHAI, Apr 24 (SMM) – Nonferrous metals fell across the board on Tuesday April 24, as SHFE aluminium led with a loss of 3.69%. SHFE nickel and tin dropped over 1%, copper and lead edged down slightly while zinc dipped.The ferrous complex notched a strong performance except for iron ore. Coking coal and coke rose over 2%, rebar went up over 1% and hot-rolled coil gained 0.77%.Cop...Read More
In this week’s analysis, we identify...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...Read More
SHANGHAI, Apr 24 (SMM) – Indonesia is likely to export 22.5 million wmt of medium-and-high-grade nickel ore to China in 2018, according to SMM’s calculation.As of April 2018, a total of 32.09 million wmt of nickel ore exports have been approved following the country eased its ban on ore exports in January 2017. SMM expects to see 8 million wmt more this year to be approved.Theoreticall...Read More
SHANGHAI, Apr 24 (SMM) –Copper: LME copper fell amid the weak performance across the nonferrous complex as the US signalled it could ease sanctions against Rusal. The contract struggled between several moving averages but stood above the 10-day moving average. The SHFE 1806 contract was dragged by its LME counterpart. We expect it to trade at 51,000-51,600 yuan/mt today with LME copper at $6...Read More
SHANGHAI, Apr 24 (SMM) –Copper: LME copper fell amid the weak performance across the nonferrous complex as the US signalled it could ease sanctions against Rusal. The contract struggled between several moving averages but stood above the 10-day moving average. The SHFE 1806 contract was dragged by its LME counterpart. We expect it to trade at 51,000-51,600 yuan/mt today with LME copper at $6...Read More
Neither bearish nor bullish, nor...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...Read More
SHANGHAI, Apr 24 (SMM) –Copper: LME copper fell amid the weak performance across the nonferrous complex as the US signalled it could ease sanctions against Rusal. The contract struggled between several moving averages but stood above the 10-day moving average. The SHFE 1806 contract was dragged by its LME counterpart. We expect it to trade at 51,000-51,600 yuan/mt today with LME copper at $6...Read More
Moves like in the good old days...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 a...Read More
Anglo American is anticipating a reduction of about $300-400 million in earnings for 2018 due to an outage at its Minas-Rio iron ore operations in Brazil, where it does not expect to resume material production for the remainder of the year."The current expectation is that the operations will begin to ramp up in the fourth quarter of 2018," the miner said on Tuesday April 24.Output at Minas-Rio dro...Read More
Tin made robust gains... Last week...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 soo...Read More
Summary of Anglo American's production results for the three months ended March 31, 2018.(First-quarter total, % change year-on-year) Copper 155,000 tonnes, +9%...Read More
HDG price diverging Global economic growth...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 issu...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
Base metals on the London Metal Exchange were broadly lower at the close of trading on Tuesday April 24, with aluminium and nickel continuing to drop. The three-month nickel price dropped below $14,000 per tonne for the first time since April 13, with volumes traded at their lowest since April 6."Trade tensions dragged nickel into the spotlight, but fundamentals have come back in to play," Geordie...Read 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
Russian producers of hot-rolled (HR) and cold-rolled (CR) steel sheet have increased their offer prices for May-rolled products to keep domestic market profitability high while the rouble is weak.Normally, Russian steelmakers export around 35% of their steel products output, according to Metal Bulletin estimates. But in the first quarter of this year, Severstal increased the export share of its to...Read More