Comex copper prices recovered in morning trading on Tuesday March 6, with a bout of short-covering lifting the metal from the doldrums.Copper for May settlement on the Comex division of the New York Mercantile Exchange rose 4.05 cents or 1.3% to $3.1685 per lb. "Copper has enjoyed a rebound since the start of the week, with (LME) prices up nearly 1%," Metal Bulletin analyst...Read More
The latest metal markets news and price moves to start the North American day on Tuesday March 6.Base metals prices on the London Metal Exchange were mostly higher the board during morning trading - with the complex beginning to recover from Monday's weakness.Here's how LME prices looked at 11:45 London time:Read our live futures report here. "The rise in zinc stocks on the LME sent jitters t...Read More
Base metals prices on the London Metal Exchange were higher across the board during morning trading on Tuesday March 6 - with the complex beginning to recover from Monday's weakness. Zinc prices hit a fresh two-month low yesterday after 78,950 tonnes were delivered into LME-approved warehouses in New Orleans. But the three-month zinc price was $26.50 higher per tonne this morning despite 14,175 to...Read More
Spanish steel import volumes rose by 4.90% year-on-year in 2017, while exports fell in the same year, according to Unesid, the country's steel association.The volume of steel imported into Spain was 9.90 million tonnes in 2017, up by 4.90% year-on-year, according to Unesid, while exports fell by 5.90% to 8.80 million tonnes.One reason for this was that local consumption increased at the same time...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBillet Oman,...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. ...Read More
The United States is believed to be ready remove the anti-dumping duty currently applied to imports of hot-rolled coil (HRC) from Turkey because the volumes are negligible, the Turkish Steel Producers' Association (T??UD) said on Monday March 5.[Clarifies position of US Court of International Trade]The United States is believed to be ready remove the anti-dumping duty currently applied to imports...Read More
Demand for flat steel will remain strong in Turkey through March and price increases are expected to continue because producers are fully booked until late May, market participants told Metal Bulletin this week. "Producers are fully booked until mid-May, so they have increased their prices. And end-user demand is okay, so prices have some more room to rise," one trader said on March 2. "...Read More
Ganzhou Tungsten Association (GTA) has raised its tungsten price forecasts for March in line with the price recovery in the spot market after the Chinese New Year break and due to strong expectations for tighter supply in tungsten concentrates in March. The China-based association forecast average prices for black tungsten concentrate 65% and ammonium paratungstate (APT) in March at 113,000 yuan (...Read More
The Chinese vanadium market followed European prices upward last week, in its first full week since returning from the Chinese New Year break. Meanwhile, the US and European markets continued to strengthen on thinning stocks and healthy spot demand. Chinese vanadium prices surge after emerging from Chinese New Year European market continues uptrend in light of supply constraints US ferro-vanadium...Read More
Chinese mining shutdowns drove tungsten concentrate and APT prices upward in the latest assessment, with European APT prices following suit. Chinese APT, concentrate prices bolstered by operation suspensions European APT prices follow Chinese market upward European ferro-tungsten market sees subdued spot demand The Chinese tungsten market rebounded significantly last week, and domesti...Read More
Largo Resources will add vanadium pentoxide (V2O5) powder to its portfolio of vanadium products produced from the Maracas Menchen mine in Brazil. The Canada-based vanadium producer intends to qualify, produce and sell V2O5 powder through Glencore International AG. The Swiss commodity giant currently serves as the exclusive off-taker of all vanadium products produced at the Maracas Menchen mine. "A...Read More
Chinese stainless mills issued higher ferro-chrome tender prices for the month of March, lending support to UG2 chrome ore and Asian ferro-chrome prices. UG2 chrome ore, Chinese contract prices increase on higher mill tender prices Japanese, South Korean prices bolstered by strengthened Chinese market European ferro-chrome prices firm on thinning supplies, expectations of higher benchmark US price...Read More
Iron ore prices fell to $76 per tonne cfr China on Tuesday March 6 on growing port inventories.Metal Bulletin's 62% Fe Iron Ore Index Today: $76.07 per tonne cfr QingdaoDaily change: down by $0.96 per tonneMonth-to-date average: $77.71 per tonneMetal Bulletin's 58% Fe Premium Index Today: $60.56 per tonne cfr QingdaoDaily change: down by...Read More
Trading activity remained thin in the coking coal market on Tuesday March 6 despite burgeoning offers with end-users yet to come to terms with how much sellers are asking.A cargo of second-tier hard coking coal was heard to have traded around $201-202 per tonne fob Australia while a shipment of semi-hard materials changed hands at $195 per tonne fob Australia. A trader source said that "despite th...Read More
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 oreGlobal...Read More
The seaborne iron ore market continued to weaken on Tuesday March 6 on growing port inventories, but steel mills remain optimistic due to the current good profitability of steel products. Key drivers Iron ore inventories at 42 major Chinese ports continued to pile up, reaching 159.37 million tonnes on Tuesday, up 740,000 tonnes since last Friday. Some trading sources said that very few m...Read More
China's steel futures recovered Monday night's loss during the morning trading session on Tuesday March 6, while contracts for steelmaking raw materials were largely flat. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,960 ($624) per tonne, up 20 yuan per tonne May hot-rolled coil: 4,048 yuan per tonne, up 13 yuan per tonne Dalian Commodity Exchange May iron ore: 5...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday March 6*Copper -$83.01 (-527.93 yuan) Aluminium -$432.76 (-2,752.42 yuan) Zinc -$95.40 (-606.78 yuan) Nickel -$429.91 (-2,734.31 yuan) *Metal Bulletin calculates the physical...Read More
Base metals traded on the London Metal Exchange are mixed this morning, Tuesday March 6, with lead, zinc and tin prices down by an average of 0.5%, while copper, aluminium and nickel prices are up by an average of 0.3%.Volume has been average with 7,431 lots traded as of 07.16am London time. Precious metals prices are little changed to slightly firmer with the complex up by an average of 0.1%, wit...Read More