* LME/ShFE arb: * Market looking at potential for 2018 supply disruptions* Rising China aluminium stocks suggest surplus* Zinc builds on 2016 gains, analysts see higher 2018 levels (Adds closing prices)By Pratima DesaiLONDON, Dec 29 (Reuters) - China's war on polluting industries, its supply reforms and robust demand growth have this year combined to create a bonanza for copper and aluminium whic...Read More
Spot copper concentrate treatment and refining charges fell to a four-month low in line with a lower annual TC/RC agreed between Freeport McMoRan and Tongling Nonferrous.Freeport will supply China's largest copper smelter, Tongling, with copper concentrates at a TC/RC of $82,25 per tonne /8.225 cents per pound, 11% and around $10/1 cent lower than this year's benchmark.Jiangxi Copper, the second-l...Read More
Spot copper concentrate treatment and refining charges fell to a four-month low in line with a lower annual TC/RC agreed between Freeport McMoRan and Tongling Nonferrous.Freeport will supply China's largest copper smelter, Tongling, with copper concentrates at a TC/RC of $82,25 per tonne /8.225 cents per pound, 11% and around $10/1 cent lower than this year's benchmark.Jiangxi Copper, the second-l...Read More
Spot copper concentrate treatment and refining charges fell to a four-month low in line with a lower annual TC/RC agreed between Freeport McMoRan and Tongling Nonferrous.Freeport will supply China's largest copper smelter, Tongling, with copper concentrates at a TC/RC of $82,25 per tonne /8.225 cents per pound, 11% and around $10/1 cent lower than this year's benchmark.Jiangxi Copper, the second-l...Read More
Spot copper concentrate treatment and refining charges fell to a four-month low in line with a lower annual TC/RC agreed between Freeport McMoRan and Tongling Nonferrous.Freeport will supply China's largest copper smelter, Tongling, with copper concentrates at a TC/RC of $82,25 per tonne /8.225 cents per pound, 11% and around $10/1 cent lower than this year's benchmark.Jiangxi Copper, the second-l...Read More
Turkey's imports of flat steel increased by 25.09% year on year in November 2017, according to the Turkish Statistical Institute (TUIK). The country imported 758,499 tonnes of flat steel, compared with 606,378 tonnes in November 2016, TUIK statistics published on Friday December 29 showed. The increase in imports was attributed to the fact that the November deliveries were mostly booked in July, w...Read More
The Turkish deep-sea scrap market remained quiet at the end of the week due to the New Year holiday period.Turkish steel producers paused their deep-sea bookings at the end of the week but were expected to continue to book more cargoes for February, Metal Bulletin was told on Friday...Read More
Improved demand and higher prices have been a welcome change for tungsten market participants outside China this year, but when it comes to price moves and price floors, China still holds the cards. Benchmark ammonium paratungstate (APT) prices assessed by Metal Bulletin - and used across the tungsten supply chain - were at $295-300 per mtu, cif Rotterdam on Friday December 15.By contrast, prices...Read More
Improved demand and higher prices have been a welcome change for tungsten market participants outside China this year, but when it comes to price moves and price floors, China still holds the cards. Benchmark ammonium paratungstate (APT) prices assessed by Metal Bulletin - and used across the tungsten supply chain - were at $295-300 per mtu, cif Rotterdam on Friday December 15.By contrast, prices...Read More
Improved demand and higher prices have been a welcome change for tungsten market participants outside China this year, but when it comes to price moves and price floors, China still holds the cards. Benchmark ammonium paratungstate (APT) prices assessed by Metal Bulletin - and used across the tungsten supply chain - were at $295-300 per mtu, cif Rotterdam on Friday December 15.By contrast, prices...Read More
Improved demand and higher prices have been a welcome change for tungsten market participants outside China this year, but when it comes to price moves and price floors, China still holds the cards. Benchmark ammonium paratungstate (APT) prices assessed by Metal Bulletin - and used across the tungsten supply chain - were at $295-300 per mtu, cif Rotterdam on Friday December 15.By contrast, prices...Read More
Middle Eastern countries boosted their crude steel output in 2017, with producers calling for more trade protection measures to support self-sufficiency in the sector.Middle East crude steel output reached 27.17 million tonnes in the first 10 months of the year, up by 13.29% from 23.98 million tonnes for the same period in 2016, according to the World Steel Association (Worldsteel). Iran produced...Read More
China's imports of steelmaking raw materials remained mixed in November, with those for iron ore and coking coal rising while inbound scrap shipments fell by almost a fifth from a year earlier.Read More
The CME's new copper cif Shanghai futures contract could significantly change the way copper consumers make their purchase decisions by allowing them to hedge against exposure, Lord Copper muses. A long time ago, when the world was (to our eyes) a much simpler place, copper producers who sold their metal on the basis of the LME price decided that they should include with that price a premium which...Read More
The CME's new copper cif Shanghai futures contract could significantly change the way copper consumers make their purchase decisions by allowing them to hedge against exposure, Lord Copper muses. A long time ago, when the world was (to our eyes) a much simpler place, copper producers who sold their metal on the basis of the LME price decided that they should include with that price a premium which...Read More
The CME's new copper cif Shanghai futures contract could significantly change the way copper consumers make their purchase decisions by allowing them to hedge against exposure, Lord Copper muses. A long time ago, when the world was (to our eyes) a much simpler place, copper producers who sold their metal on the basis of the LME price decided that they should include with that price a premium which...Read More
The CME's new copper cif Shanghai futures contract could significantly change the way copper consumers make their purchase decisions by allowing them to hedge against exposure, Lord Copper muses. A long time ago, when the world was (to our eyes) a much simpler place, copper producers who sold their metal on the basis of the LME price decided that they should include with that price a premium which...Read More
The UK's financial markets will all receive a belated festive present on January 3, 2018, a Markets in Financial Instruments Directive II (MiFID II) parcel that, when the wrapping comes off, will contain new regulations and compliance measures. One of these is position limits, which will restrict permissible holdings in a market's instruments, commodities or derivatives. In other words, a ceiling...Read More
The UK's financial markets will all receive a belated festive present on January 3, 2018, a Markets in Financial Instruments Directive II (MiFID II) parcel that, when the wrapping comes off, will contain new regulations and compliance measures. One of these is position limits, which will restrict permissible holdings in a market's instruments, commodities or derivatives. In other words, a ceiling...Read More
The UK's financial markets will all receive a belated festive present on January 3, 2018, a Markets in Financial Instruments Directive II (MiFID II) parcel that, when the wrapping comes off, will contain new regulations and compliance measures. One of these is position limits, which will restrict permissible holdings in a market's instruments, commodities or derivatives. In other words, a ceiling...Read More