Base Metal Stocks Articles

NORTHERN EUROPE REBAR: Mills see better demand, more orders but prices static

March 07, 2018 / Lee Allen

Prices for rebar produced and delivered in Northern Europe have remained stable over the past seven days despite better demand for the material, market participants told Metal Bulletin on Wednesday March 7.Metal Bulletin's weekly price assessment for domestic rebar in Northern Europe was ?,?550-570 ($681-705) per tonne delivered on Wednesday, unchanged week-on-week."Business is picking...Read More

LIVE FUTURES REPORT 07/03: 'Risk of trade war' sends LME base metals lower; lead price hit hardest

March 07, 2018 / Alice Mason

Base metals prices on the London Metal Exchange slumped by the 5pm close on Wednesday March 7, with uncertainty stemming from the latest developments over the US' Section 232 probe leading to a sell-off.Aluminium was the most traded metal of the complex today, with more than 20,000 lots changing hands by the close. Its price fell 1.6% - it concluded below support at $2,100 per tonne.The cash/three...Read More

GLOBAL NICKEL WRAP: Full-plate premiums in Rotterdam at 11-year high; other regions mostly stable

March 07, 2018 / Ellie Wang

Nickel premiums in Europe crept higher on Tuesday March 7 on tight availability and declining London Metal Exchange nickel stocks, while Asian nickel premiums were stable due to the sustained negative arbitrage in China and amid slow trading activity. European nickel premiums higher due to tight availability  Quiet trading activity reported in both China and other Asian regions  US nick...Read More

ALUMINIUM ARB INDICATOR: Section 232 fears smash hopes of profiting from wide arbitrage

March 07, 2018 / Justin Yang

Fears about a looming aluminium duty from the United States' Section 232 investigations have dashed hopes of the market taking advantage of a widening import aluminium arbitrage between Asia and the US.  The differential between canceling aluminium from London Metal Exchange warehouses in Asia and shipping the material into the US Midwest has reached an all-time high, but the market is skepti...Read More

INTL COPPER CONF: Mine disruptions could put 2.5 mln tonnes of Chilean copper output at risk in 2018 - Cochilco

March 07, 2018 / Julian Luk

Around 2.5 million tonnes of copper output is exposed to high disruption risks this year in Chile, the country's copper commission said at Metal Bulletin's International Copper conference in Madrid on Wednesday March 7. The figure represents 43.4% of the total forecast output for 2018 from the world's top copper producing country, Jorge Cantallopts, director of public planning and research with Co...Read More

LIVE FUTURES REPORT 07/03: Comex copper price erases gains; dollar recovers

March 07, 2018 / Dalton Barker

Comex copper prices dipped in the US morning on Wednesday March 7 with a confluence of bearish signals, including a potential trade war and higher dollar, weighing on the base metals complex. Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 2.80 cents or 0.9% to $3.1310 per lb. "Most of the base metals remain on a back footing this morning and that seems to...Read More

GLOBAL TIN WRAP: Stable premiums on improved Indonesian supply; market watches RBT contract deliveries

March 07, 2018 / Echo Ma

Tin premiums for standard 300ppm purity held in all region in the latest assessment on Tuesday March 6 on rising exports from Indonesia and low buying interest, while rates for low-lead tin retreated further from record highs after supply also improved. 99.9% tin premiums stable in Europe, the United States and China  Indonesia's ICDX volume for exports up a third in February from January&nb...Read More

NORTH AMERICAN MORNING BRIEF 07/03: LME nickel price falls 1.5%; Shanghai copper premium hits 2018 high; Kobe Steel prevention measures

March 07, 2018 / Alice Mason

The latest metal markets news and price moves to start the North American day on Wednesday March 7.Base metals prices on the London Metal Exchange were lower across the board during morning trading- with nickel diving 1.6%.Here's how prices looked at 12:07 London time:Read our live futures report here. "Most of the base metals remain on a back footing this morning and that seems to be a resul...Read More

Eurofer welcomes EU response to Section 232 threat

March 07, 2018 / Maria Tanatar

European steel association Eurofer supports the plan announced by the European Commission (EC) to counter the trade sanctions to be introduced by the United States under its Section 232 rules.The EU is ready to react proportionately and fully, in line with World Trade Organization (WTO) rules, if the US measures are formalized and are seen to affect the EU's economic interests, the EC said.US Pres...Read More

EUROPE PLATE: Italian re-rollers increase prices on higher slab costs

March 07, 2018 / Maria Tanatar

Domestic prices for heavy steel plate in Southern Europe have increased over the past week, reflecting rising slab costs, sources told Metal Bulletin on Wednesday March 7.Metal Bulletin's weekly price assessment for domestic grade-S235JR heavy steel plate in Southern Europe was ?,?580-590 ($718-730) per tonne ex-works on Wednesday, up by ?,?10 per tonne week-on-week.The assessment reflected "worka...Read More

Uptrend persists in Iranian export billet, slab prices

March 07, 2018 / Vlada Novokreshchenova

Iranian export prices for steel billet and slab continued to rise in the week ended Wednesday March 7 with bookings agreed at higher prices, supported by the upward trend in the global market and reduced availability of the materials.Metal Bulletin's weekly price assessment for Iranian billet exports narrowed upward to $518-520 per tonne fob on March 7, against $510-520 per tonne fob a week earlie...Read More

TITANIUM SNAPSHOT: Alloy, scrap markets extend steady trend

March 07, 2018 / Declan Conway

Key data from the Wednesday March 7 pricing session in Europe. Ferro-titanium 70% (max 4.5% Al) $ per kg, delivered duty-paid in EuropeTodayPreviousChange to midpoint of rangeMidpoint % change4.85.400 Titanium scrap turnings, unprocessed (max 0.5% Sn) $ per lb, cif European portsTodayPreviousChange to midpoint of rangeMidpoint % change0.95-10.95-100Titanium scrap turnings, unprocessed (0.5-2%...Read More

MB NON-FERROUS PRICE CHANGES 07/03: Noble alloys & ores

March 07, 2018 / editorial@metalbulletin.com

The following Metal Bulletin noble alloys and ores prices changed on Wednesday March 7:Noble alloys Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $30.80-31.80 per kg from $31.00-31.30 Ferro-molybdenum MB Chinese free market concentrate, yuan/mtu: 1,680-1,700...Read More

DAILY SCRAP REPORT: UK cargoes lead to rise in Turkish prices

March 07, 2018 / Cem Turken

Turkish steel mills have booked more deep-sea scrap for April, with prices rising slightly on strong demand for rebar and billet in the domestic market, sources told Metal Bulletin on Wednesday March 7."Steel mills have already sold a number of billet cargoes to the domestic market at around $585-590 per tonne ex-works," a Turkish source said."Rebar demand in the domestic market is also strong, [s...Read More

Steelmaking Raw Materials Trade Log, March 7, 2018

March 07, 2018 / Staff reporter

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines, sold at $73.42 per tonne cfr China, laycan April 4-13.Vale, Global Ore, 280,000...Read More

COKING COAL QUARTERLY: Japanese mills set to pay more amid supply concerns

March 07, 2018 / Deepali Sharma

Japanese buyers of seaborne coking coal will have to pay a higher price for their January-March volumes in comparison with the preceding quarter, with the emergence of fresh supply concerns last month leading to an uncertain outlook for prices in the coming quarter. Metal Bulletin's fob Australia Premium Hard Coking Coal Index averaged $236.07 per tonne over the December-February period, up 23% co...Read More

IRON ORE PRICES: Benchmark index drops below $76 per tonne

March 07, 2018 / Sophie Zhao

Iron ore prices fell further on Wednesday March 7 after a seaborne cargo changed hands at a lower price. Metal Bulletin's 62% Fe Iron Ore Index Today: $75.84 per tonne cfr QingdaoDaily change: down by $0.23 per tonneMonth-to-date average: $77.33 per tonneMetal Bulletin's 58% Fe Premium Index Today: $60.33 per tonne cfr QingdaoDaily change: down by $0.23 per tonneMonth-to-date average: $61.08 per.....Read More

Seaborne iron ore cargo trades below $75 per tonne cfr China

March 07, 2018 / July Zhang

Iron ore prices fell further on Wednesday March 7 with a cargo of seaborne materials changing hands below $75 per tonne cfr China.Key driversChina's ferrous futures tumbled across the board during the day, with the benchmark contracts shedding 0.5-2.4% of their values compared with the settlement prices on Tuesday.The country's spot rebar and hot-rolled coil prices also fell 20-50 yuan ($3.20-7.90...Read More

COKING COAL DAILY: Seaborne offers start to fall amid buyer inaction

March 07, 2018 / Sophie Zhao

The stalemate in the seaborne coking coal market is starting to break, with some sellers lowering their asking price on Wednesday March 7 amid an abundance of premium materials on offer. "If Chinese end-users don't come out to buy, then the market is going to fall," an Indian trader source said. An East Asian mill source said that end-users had been quiet because they thought that there was nothin...Read More

Port Hedland's iron ore exports slip to 7-month low in February

March 07, 2018 / July Zhang

Iron ore exports from Port Hedland in Western Australia dipped to their lowest level in seven months in February 2018, despite showing a year-on-year increase.The port shipped 38.50 million tonnes of the steelmaking raw material last month, up 7.9% from a 13-month low of 35.67 million tonnes in February 2017.But this was down 6.2% from January's 41.06 million tonnes, and the lowest level...Read More

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