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
The latest metal markets news and price moves for the start of the North American day on Tuesday April 10. Base metals prices on the London Metal Exchange continued to find support during morning trading today, with aluminium continuing its strong momentum following record volumes traded yesterday. Here's how the LME base metals complex looked at 12.56pm London time:Hassan Butt had the details as...Read More
Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Tuesday April 10.Copper prices on the Shanghai Futures Exchange strengthened during Asian morning trading on Tuesday, after a further cooling in trade tensions between the United States and China led to increased buying interest among investors.Check Metal Bulletin's live futures report her...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
Nigel Dentoom has been appointed the chief executive officer (CEO) of Metdist Enterprises Ltd, a United Kingdom-based unit of diversified group Minmetco. Dentoom will assume the position of CEO in mid-April, undertaking a senior role within the group's international operations. Minmetco, Metdist Enterprises' ultimate parent, has interests spanning global metals trading and manufacturing, leisure,...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
The London Metal Exchange has introduced a "temporary conditional suspension" on placing Rusal metal on-warrant, effective from April 17, it said on Tuesday April 10. This follows the announcement on Friday April 6 that the United States has sanctioned and frozen the assets of Oleg Deripaska and UC Rusal. In a notice released to LME members today, the exchange stated that the suspension is in plac...Read More
Comex copper prices surged to close to a one-month high in the US morning on Tuesday April 10, with the dollar retreating and the complex becoming more optimistic due to fundamental demand trends. Copper for May settlement on the Comex division of the New York Mercantile Exchange rose 5.15 cents or 1.7% to $3.1285 per lb. Earlier, the price touched $3.1280 per lb, the highest since March 15. "Whil...Read More
The London Metal Exchange has introduced a "temporary conditional suspension" on placing Rusal metal on-warrant, effective from April 17, it said on Tuesday April 10. This follows the announcement on Friday April 6 that the United States has sanctioned and frozen the assets of Oleg Deripaska and UC Rusal. In a notice released to LME members today, the exchange stated that the suspension is in plac...Read More
Chilean state-owned miner Codelco will maintain its copper output at stable levels this year before a small increase in 2019 and small declines the following two years, new commercial vice president Roberto Ecclefield said. Production from Codelco's wholly-owned mines is expected to be slightly lower at 1.67 million tonnes in 2018 compared with 1.73 million tonnes last year due to declining ore gr...Read More
Brazil's aluminium premiums have returned to 2015 levels and are expected to rise further in the short term due to supply disruption in the country and soaring US Midwest premiums.Hydro's Albras smelter announced on Tuesday April 10 that it is reducing its aluminium production by half due to alumina supply constraints. The curtailment represents 230,000 tonnes on an annualized basis, roughly 25% o...Read More