Base Metal Stocks Articles

Base metals consolidating this morning, await further clarity

11 April 2018 / Staff reporter

Base metals prices on the London Metal Exchange are consolidating this morning, Wednesday April 11, following a strong recovery in the previous session. Copper and nickel were down by 0.5% and 0.4% respectively at the time of writing, while the rest were mostly unchanged - the exception being tin which was up by 0.5% at $21,030 per tonne. Volumes traded were somewhat lighter than usual, with 5,647...Read More

Japan predicts modest increase in steel demand in April-June quarter

April 11, 2018 / Paul Lim

Japan's Ministry of Economy, Trade & Industry expects demand for steel to increase by 1.8% year on year in the April-June period - the first quarter of the country's 2018 financial year.The ministry said the rise would occur due to higher demand from the manufacturing and exports sector.Demand for steel in the manufacturing sector is expected to be boosted by a rise in industrial machine...Read More

SMM Evening Comments (Apr 11)

Apr 11 2018 / Staff reporter

SHANGHAI, Apr 11 (SMM) – Most base metals futures gained on Wednesday April 11 except for SHFE tin. Nickel rose over 1%, while copper, aluminium, lead, and zinc inched up.Ferrous metals went down across the board as coke led the loss with a 2.5% drop. Coking coal dipped nearly 1.7%, hot-rolled coil slid over 1%, while iron ore and rebar were down almost 1%.Copper: Dragged by the underperform...Read More

SMM Evening Comments (Apr 11)

Apr 11 2018 / Staff reporter

SHANGHAI, Apr 11 (SMM) – Most base metals futures gained on Wednesday April 11 except for SHFE tin. Nickel rose over 1%, while copper, aluminium, lead, and zinc inched up.Ferrous metals went down across the board as coke led the loss with a 2.5% drop. Coking coal dipped nearly 1.7%, hot-rolled coil slid over 1%, while iron ore and rebar were down almost 1%.Copper: Dragged by the underperform...Read More

SMM Evening Comments (Apr 11)

Apr 11 2018 / Staff reporter

SHANGHAI, Apr 11 (SMM) – Most base metals futures gained on Wednesday April 11 except for SHFE tin. Nickel rose over 1%, while copper, aluminium, lead, and zinc inched up.Ferrous metals went down across the board as coke led the loss with a 2.5% drop. Coking coal dipped nearly 1.7%, hot-rolled coil slid over 1%, while iron ore and rebar were down almost 1%.Copper: Dragged by the underperform...Read More

Tech Talk for Wednesday April 11th 2018

11/04/2018 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 21 points in pre-opening trade. U.S. index futures were virtually unchanged following release of the March Consumer Price report. Consensus was unchanged versus a gain of 0.2% in February. Actual was a drop of 0.1%. Excluding food and energy March Consumer Prices were expected to increase 0.2% versus a gain of 0.2% in...Read More

Snapshot: Copper spot market in Shanghai

Apr 11 2018 / Staff reporter

SHANGHAI, Apr 11 (SMM) – Spot copper in the Shanghai market traded at a discount of 30 yuan/mt to a premium of 40 yuan/mt on Wednesday April 11, SMM learned. This compared with a premium of 30-90 yuan/mt on the previous day.During the day, spot offers dipped in line with the SHFE 1806 contract which fell to 51,000 yuan/mt. While sellers were keen to destock, prices of higher-grade copper fel...Read More

Snapshot: Nickel spot market in Shanghai

Apr 11 2018 / Staff reporter

SHANGHAI, Apr 11 (SMM) – Norilsk nickel in the Shanghai market was offered at a premium of 400 yuan/mt against the Wuxi Stainless Steel Exchange 1805 contract on the morning of Wednesday April 11.Jinchuan nickel was offered at a premium of 900-1,000 yuan/mt and Jinchuan nickel plate was offered at 101,600 yuan/mt, SMM learned. Prices of nickel futures traded rangebound in the morni...Read More

Macro Roundup (Apr 11)

Apr 11 2018 / Staff reporter

SHANGHAI, Apr 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDespite potential lower tariffs indicated by Chinese President Xi Jinping, the US dollar edged down 0.23 to 89.6 overnight while the euro gained. Base metals rose across the board except for tin. LME aluminium climbed 3.7% to a record high in two months, driven by US s...Read More

Macro Roundup (Apr 11)

Apr 11 2018 / Staff reporter

SHANGHAI, Apr 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDespite potential lower tariffs indicated by Chinese President Xi Jinping, the US dollar edged down 0.23 to 89.6 overnight while the euro gained. Base metals rose across the board except for tin. LME aluminium climbed 3.7% to a record high in two months, driven by US s...Read More

Nickel ore price to stay weak in Q2 on rising supply

Apr 11 2018 / Staff reporter

SHANGHAI, Apr 11 (SMM) – Nickel ore prices are likely to stay weak in the second quarter of this year due to rising supply from Indonesia and the Philippines.SMM expects Indonesian medium-grade nickel ore with 1.65% Ni to trade at $35-37/wmt cif in May. This compared with $43.5-44.5/wmt recorded the first week of April.Indonesia’s nickel ore exports have been on the rise since the coun...Read More

SMM Morning Comments (Apr 11)

Apr 11 2018 / Staff reporter

SHANGHAI, Apr 11 (SMM) –Copper: As crude oil soared overnight, LME copper climbed above the 40- and 60-day moving averages as investors added their longs. It stood above the 60-day moving average at opening today and is likely to trade at $6,930-6,990/mt. The SHFE 1805 contract mostly traded between the 20- and 40-day moving averages with strong momentum overnight. We expect i...Read More

Snapshot: Spot copper offers in Shanghai

Apr 11 2018 / Staff reporter

SHANGHAI, Apr 11 (SMM) – Spot copper in the Shanghai market was offered between a discount of 10 yuan/mt and a premium of 40 yuan/mt on the morning of Wednesday April 11, SMM learned. This compared with premiums of 50-90 yuan/mt on the morning of April 10. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our rese...Read More

Macro Roundup (Apr 11)

Apr 11 2018 / Staff reporter

SHANGHAI, Apr 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDespite potential lower tariffs indicated by Chinese President Xi Jinping, the US dollar edged down 0.23 to 89.6 overnight while the euro gained. Base metals rose across the board except for tin. LME aluminium climbed 3.7% to a record high in two months, driven by US s...Read More

Boreal Metals Solidifies Their Position as Europe's Leading EV Exploration Company

April 11, 2018 / Palisade Research

Palisade Research April 11, 2018 Category: Research While the North American market for EV stocks is now reaching saturation, Boreal Metals (CVE:BMX, FRA:03E) is across the Atlantic with all of Europe to itself.In our latest update, the company acquired the Modum Project in Norway, Europe's highest-grade past producing cobalt mine.This morning the company announced the acquisition of the Mj??vatt...Read More

SMM Morning Comments (Apr 11)

Apr 11 2018 / Staff reporter

SHANGHAI, Apr 11 (SMM) –Copper: As crude oil soared overnight, LME copper climbed above the 40- and 60-day moving averages as investors added their longs. It stood above the 60-day moving average at opening today and is likely to trade at $6,930-6,990/mt. The SHFE 1805 contract mostly traded between the 20- and 40-day moving averages with strong momentum overnight. We expect i...Read More

SMM Morning Comments (Apr 11)

Apr 11 2018 / Staff reporter

SHANGHAI, Apr 11 (SMM) –Copper: As crude oil soared overnight, LME copper climbed above the 40- and 60-day moving averages as investors added their longs. It stood above the 60-day moving average at opening today and is likely to trade at $6,930-6,990/mt. The SHFE 1805 contract mostly traded between the 20- and 40-day moving averages with strong momentum overnight. We expect i...Read More

EUROPE SECTIONS: Unhappy mills set to raise offer prices

April 11, 2018 / Lee Allen

European mills producing hollow sections are unhappy with current pricing and intend to issue higher offer prices over the next few weeks, market sources told Metal Bulletin on Wednesday April 11."The development of tube prices does not match that of flat steel," one Southern European producer said."None of the pipemakers are happy with the current situation. They're all confronted with higher coi...Read More

EUROPE HDG: Domestic prices unchanged on slow restocking activity

April 11, 2018 / Maria Tanatar

Domestic prices for hot-dipped galvanized coil (HDG) in the EU were unchanged this week, sources told Metal Bulletin on Wednesday April 11.The HDG market sector is following a trend similar to that seen in the hot-rolled coil (HRC) and cold-rolled coil (CRC) markets, where prices were stable while buyers slowly returned to the markets for re-stocking, according to market sources."Prices are likely...Read More

EUROPE BEAMS: Northern EU market recovering after recent falls

April 11, 2018 / Carrie Bone

Prices for domestic steel beams picked up slightly in Northern Europe this week following three consecutive weeks of falls, although market activity remained low, sources told Metal Bulletin on Wednesday April 11.Metal Bulletin's price assessment for S235-grade, 200x200mm category-2 H-beams made in Northern Europe edged up to ?,?600-620 ($740-765) per tonne delivered on Wednesday April 11, compare...Read More

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