Ferro-alloys trader Massimiliano Gentile has joined Belgian trading house Metraco, the company told Metal Bulletin. Formerly a senior trader at Euromet SA in Switzerland, Gentile will trade ferro-titanium from...Read More
Anglo American has appointed Tyler Mitchelson as the chief executive officer (CEO) of its metallurgical coal business, effective April 3. Mitchelson is currently the miner's group head of integration and business planning, based...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade.European Central Bank's monetary policy remains unchanged.The Canadian Dollar was virtually unchanged following release of Canada's November Retail Sales. Consensus was an increase of 0.8% versus a gain of 1.5% in October. Actual was an increase of 0.2%.Index futures were virtually unchang...Read More
SHANGHAI, Jan 25 (SMM)? 1/4 ?Nonferrous futures performed strongly today except for a slight drop in lead prices. SHFE nickel surged 5.6% and copper rose over 2%. Aluminium and zinc both rose around 1% as tin edged up. Ferrous metals also traded up, with coke rising nearly 4% and coking coal up almost 3%. Iron ore gained 1.5% and hot-rolled coil was up 1.4%. Rebar traded 1% higher.Copper: SHF...Read More
SHANGHAI, Jan 25 (SMM)? 1/4 ?Nonferrous futures performed strongly today except for a slight drop in lead prices. SHFE nickel surged 5.6% and copper rose over 2%. Aluminium and zinc both rose around 1% as tin edged up. Ferrous metals also traded up, with coke rising nearly 4% and coking coal up almost 3%. Iron ore gained 1.5% and hot-rolled coil was up 1.4%. Rebar traded 1% higher.Copper: SHF...Read More
SHANGHAI, Jan 25 (SMM)? 1/4 ?Nonferrous futures performed strongly today except for a slight drop in lead prices. SHFE nickel surged 5.6% and copper rose over 2%. Aluminium and zinc both rose around 1% as tin edged up. Ferrous metals also traded up, with coke rising nearly 4% and coking coal up almost 3%. Iron ore gained 1.5% and hot-rolled coil was up 1.4%. Rebar traded 1% higher.Copper: SHF...Read More
SHANGHAI, Jan 25 (SMM)? 1/4 ? China releases data on its import and export of copper in December 2017 (Unit: mt): Read More
Base metals prices on the London Metal Exchange were on divergent paths at the close on Thursday January 25, with the weak dollar still the key supportive factor. The dollar index continued to crumble further; it is now down 13% since the turn of the year and hit a low of 88.43 today. "For the time being, it seems that commodity markets want to push higher, with a weaker dollar being a formidable...Read More
SHANGHAI, January 25 (SMM) - Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in December 2017 (unit: mt): Read More
SHANGHAI, Jan 25 (SMM)? 1/4 ?The General Administration of Customs on January 25 released data of China's import and export of refined zinc and other zinc products for December 2017 (unit:mt):Read More
Comex copper prices were little changed in the US morning on Thursday January 25 after the metal experienced outsized price movements over the last couple of sessions. Copper for March settlement on the Comex division of the New York Mercantile Exchange inched up 0.10 cents or 0.1% to $3.2295 per lb. The red metal saw prices tumble to a one-month low on Tuesday before rebounding on Wednesday, sugg...Read More
SHANGHAI, January 25 (SMM) - Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in December 2017 (unit: mt): Read More
SHANGHAI, Jan 25 (SMM)? 1/4 ?While the LME nickel price is likely to go up further to $13,800-14,000/mt as stainless steel mills continued to restock ahead of the Chinese New Year holiday, SMM believes there is downside risk around March and April. This would be mainly due to the increase in Indonesian nickel ore supply and less maintenance work at nickel pig iron (NPI) plants.In addition, st...Read More
SHANGHAI, January 25 (SMM) - Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in December 2017 (unit: mt): Read More
Iron ore prices strengthened further on Thursday January 25 though trading activity appears to have slowed down following higher fixed-price transactions concluded recently. Metal Bulletin's 62% Fe Iron Ore Index Today: $75.04 per tonne cfr Qingdao Daily change: up by $0.51 per tonne Month-to-date average: $76.31 per tonne Metal Bulletin's 58% Fe Premium...Read More
SHANGHAI, Jan 25 (SMM)? 1/4 ?Copper: The market is monitoring SHFE copper to see if it reaches 54,000 yuan/mt today. LME copper is expected to trade at $7,050-7,200/mt while SHFE 1803 is to trade at 53,500-54,200 yuan/mt. Spot discounts are expected at 120-70 yuan/mt.Aluminium: LME aluminium performed poorer than other base metals, testing support at $2,250/mt, and is expected to tr...Read More
SHANGHAI, Jan 25 (SMM)? 1/4 ?Imported refined zinc hit 100,845 mt in December, up 329.4% on a yearly basis. Total import volume stood at 674,789 mt in 2017, up 59%.Exports of refined zinc fell to 1,858 mt in December, down 12.8% on a yearly basis. Total export volume stood at 14,761 mt in 2017, down 30.9%.Imports of refined lead fell to 580 mt in December, down 18.3% on a...Read More
SHANGHAI, Jan 25 (SMM)? 1/4 ?Copper: The market is monitoring SHFE copper to see if it reaches 54,000 yuan/mt today. LME copper is expected to trade at $7,050-7,200/mt while SHFE 1803 is to trade at 53,500-54,200 yuan/mt. Spot discounts are expected at 120-70 yuan/mt.Aluminium: LME aluminium performed poorer than other base metals, testing support at $2,250/mt, and is expected to tr...Read More
SHANGHAI, Jan 25 (SMM)? 1/4 ?Guangdong: 0# zinc traded at 26,240-26,300 yuan/mt, with the premium over the Shanghai market at 30 yuan/mt. Discounts from SHFE 1803 are 10-0 yuan/mt. Downstream purchases continue with unchanging demand.Tianjin: 0# zinc ingot traded at 26,000-26,470 yuan/mt. 0# zinc of the common brand traded around 26,000-26,100 yuan/mt. Discounts from ...Read More
SHANGHAI, Jan 25 (SMM)? 1/4 ?Copper: The market is monitoring SHFE copper to see if it reaches 54,000 yuan/mt today. LME copper is expected to trade at $7,050-7,200/mt while SHFE 1803 is to trade at 53,500-54,200 yuan/mt. Spot discounts are expected at 120-70 yuan/mt.Aluminium: LME aluminium performed poorer than other base metals, testing support at $2,250/mt, and is expected to tr...Read More