SHANGHAI, Apr 10 (SMM) – Norilsk nickel in the Shanghai market was offered at a premium of 500 yuan/mt against the Wuxi Stainless Steel Exchange 1805 contract on the morning of Tuesday April 10.Jinchuan nickel was offered at a premium of 1,000 yuan/mt and Jinchuan nickel plate was offered at 101,000 yuan/mt, SMM learned. As nickel supplies remained stable, traders sold activel...Read More
China has requested consultations with the United States at the World Trade Organization (WTO) regarding tariffs on China-origin steel and aluminium goods, the WTO said on Tuesday April 10.China made the request after the US government imposed a 25% import duty on certain steel products and a 10% import duty on aluminium products from March 23, with further possible adjustments to additional impor...Read More
Stable start to Q2 for prices 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...Read More
SHANGHAI, Apr 10 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar edged down 0.3% to 89.83 overnigh as euro climbed up. Most base metals rose. SHFE nickel rose close to 2%, aluminium increased over 1%, copper gained 0.7%, and zinc and tin inched up. SHFE and LME lead edged down. LME zinc dropped close to 1%, while coppe...Read More
SHANGHAI, Apr 10 (SMM) –Copper: With upward room and firm support, LME copper broke the 20-day moving average while SHFE copper traded rangebound between the five- and 20- day moving averages. We see upbeat momentum in copper prices in the mid and long term but see pressure in the short term given high global inventories. We expect LME copper to trade at $6,800-6,850/mt today...Read More
SHANGHAI, Apr 10 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar edged down 0.3% to 89.83 overnigh as euro climbed up. Most base metals rose. SHFE nickel rose close to 2%, aluminium increased over 1%, copper gained 0.7%, and zinc and tin inched up. SHFE and LME lead edged down. LME zinc dropped close to 1%, while coppe...Read More
Martin Vydra will retire from Canada-based nickel and cobalt producer Sherritt International at the end of April, Metal Bulletin understands. Vydra, who is senior vice-president, commercial & technologies, has held a wide range of senior roles at Sherritt during the 31 years he has spent...Read More
Lead market looking balanced as...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
SHANGHAI, Apr 10 (SMM) –Copper: With upward room and firm support, LME copper broke the 20-day moving average while SHFE copper traded rangebound between the five- and 20- day moving averages. We see upbeat momentum in copper prices in the mid and long term but see pressure in the short term given high global inventories. We expect LME copper to trade at $6,800-6,850/mt today...Read More
SHANGHAI, Apr 10 (SMM) –Copper: With upward room and firm support, LME copper broke the 20-day moving average while SHFE copper traded rangebound between the five- and 20- day moving averages. We see upbeat momentum in copper prices in the mid and long term but see pressure in the short term given high global inventories. We expect LME copper to trade at $6,800-6,850/mt today...Read More
Trade dynamics causing concern in stainless steel...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 late...Read More
Base metals prices on the London Metal Exchange continued to climb at the close of trading on Tuesday April 10, while aluminium volumes surpassed 37,000 lots traded. Aluminium maintained its upward momentum throughout the day, reaching a high of $2,242 per tonne, the highest since January 29. "Supply fears and uncertainty are the factors driving aluminium prices higher, but such an overreaction ma...Read More
Poor start to Q2 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 soon as it...Read More
Export prices for hot-rolled (HRC) and cold-rolled (CRC) coil from the Commonwealth of Independent States (CIS) have fallen this week due to the global downward trend in prices, sources have told Metal Bulletin.Metal Bulletin's weekly price assessment for CIS-origin HRC exports was $590-600 per tonne fob Black Sea on April 10, down by $10-20 per tonne week-on-week.The China HRC Index fell by almos...Read More
Underlying sentiment remains bullish Zinc prices...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 lates...Read More
A severe shortage of chromium, along with firm downstream demand, has caused prices of the metal to hit their highest level in almost seven years. Metal Bulletin's weekly price assessment for in-warehouse chromium soared 25% to $13,250-13,995 per tonne on Friday April 6, from $10,500-11,300 per tonne the week before. The price was last seen at $13,000-14,000 per tonne in June 2011. "It is a p...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
Domestic prices for rolled steel products in Russia have been unchanged over the past week after the slowdown of the Easter holiday in the CIS region, sources have told Metal Bulletin.Metal Bulletin's price assessment for Russian domestic 12mm A500C rebar was unchanged at 37,000-37,500 roubles ($622-630) per tonne cpt Moscow, including VAT, on Tuesday April 10.And the price assessment for Russian....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
Base metals prices on the London Metal Exchange were broadly up on Tuesday April 10, with markets reacting positively to Chinese President Xi Jinping’s pledge to further open up China's economy. Aluminium continues to lead the complex higher, with the light metal up by 0.9% at the time of writing. This after surging 3.8% on Monday in response to the United States’ sanctions against Russi...Read More