Ferrous futures in China continued their recent run of strength during the morning trading session on Friday March 30, with only iron ore weakening slightly.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,324 yuan ($528) per tonne, up 34 yuan per tonne May hot-rolled coil: 3,644 yuan per tonne, up 5 yuan per tonneDalian Commodity Exchange May iron ore: 436 yuan...Read More
China's domestic rebar prices increased on Friday March 30, tracking increases in the futures market.Domestic Eastern China (Shanghai): 3,550-3,600 yuan ($564-572) per tonne, up 60-90 yuan per tonneNorthern China (Beijing): 3,710-3,740 yuan per tonne, up 30-40 yuan per tonneTraders raised their prices in line with the strong gains in the futures market, while buyers with urgent needs maintained a...Read More
China's domestic rebar prices increased on Friday March 30, tracking increases in the futures market.Domestic Eastern China (Shanghai): 3,550-3,600 yuan ($564-572) per tonne, up 60-90 yuan per tonneNorthern China (Beijing): 3,710-3,740 yuan per tonne, up 30-40 yuan per tonneTraders raised their prices in line with the strong gains in the futures market, while buyers with urgent needs maintained a...Read More
An overview of China's minor metals markets in the week of March 26-30 and the reasons for any price moves.Read More
China's hot-rolled coil prices rose steadily on Friday March 30 after futures soared during the day.DomesticEastern China (Shanghai): 3,820-3,840 yuan ($607-610) per tonne, up 40 yuan per tonneNorthern China (Tianjin): 3,790-3,810 yuan per tonne, up 50 yuan per tonneSpot prices jumped in both eastern and northern regions after the paper market strengthened throughout the day, according to market p...Read More
Deliverable lead stocks at Shanghai Futures Exchange-bonded warehouses decreased by 3,302 tonnes or 12.5% in the week ended Friday March 30. Inventories of the other base metals, with the exception of aluminium, were similarly lower. The fall in lead stocks follows a 7,517-tonne or 22.2% decline to 26,343 tonnes last week. This week, Zhongchu Wuxi in Jiangsu saw the most lead leaving its sheds wit...Read More
Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Friday March 30.Aluminium prices on the Shanghai Futures Exchange were weaker during Asian morning trading on Friday, tracking the decline seen on the London Metal Exchange on Thursday.The most-traded May aluminium contract declined to 13,705 yuan ($2,178) per tonne as of 10.16am Shanghai t...Read More
China's hot-rolled coil prices rose steadily on Friday March 30 after futures soared during the day.DomesticEastern China (Shanghai): 3,820-3,840 yuan ($607-610) per tonne, up 40 yuan per tonneNorthern China (Tianjin): 3,790-3,810 yuan per tonne, up 50 yuan per tonneSpot prices jumped in both eastern and northern regions after the paper market strengthened throughout the day, according to market p...Read More
Deliverable lead stocks at Shanghai Futures Exchange-bonded warehouses decreased by 3,302 tonnes or 12.5% in the week ended Friday March 30. Inventories of the other base metals, with the exception of aluminium, were similarly lower. The fall in lead stocks follows a 7,517-tonne or 22.2% decline to 26,343 tonnes last week. This week, Zhongchu Wuxi in Jiangsu saw the most lead leaving its sheds wit...Read More
Ferrous futures in China continued their recent run of strength during the morning trading session on Friday March 30, with only iron ore weakening slightly.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,324 yuan ($528) per tonne, up 34 yuan per tonne May hot-rolled coil: 3,644 yuan per tonne, up 5 yuan per tonneDalian Commodity Exchange May iron ore: 436 yuan...Read More
The seaborne iron ore concentrate market saw limited activity in the week ended Thursday March 29, with some sellers offering lower premiums to entice business.The weekly Metal Bulletin 66% Fe Iron Ore Concentrate Index was at $86.64 per tonne cfr China on Thursday, down by $1.55 per tonne or 1.8% from a week earlier. The daily Metal Bulletin 65% Fe Iron Ore Index averaged $80.68 per tonne cfr Chi...Read More
Ferrous futures in China continued their recent run of strength during the morning trading session on Friday March 30, with only iron ore weakening slightly.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,324 yuan ($528) per tonne, up 34 yuan per tonne May hot-rolled coil: 3,644 yuan per tonne, up 5 yuan per tonneDalian Commodity Exchange May iron ore: 436 yuan...Read More
Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Friday March 30.Aluminium prices on the Shanghai Futures Exchange were weaker during Asian morning trading on Friday, tracking the decline seen on the London Metal Exchange on Thursday.The most-traded May aluminium contract declined to 13,705 yuan ($2,178) per tonne as of 10.16am Shanghai t...Read More
Aluminium prices on the Shanghai Futures Exchange were weaker during Asian morning trading on Friday March 30, tracking the decline seen on the London Metal Exchange on Thursday.The most-traded May aluminium contract declined to 13,705 yuan ($2,178) per tonne as of 10.16am Shanghai time, down by 0.8% or 115 yuan per tonne from Thursday's close.Overnight weakness in the LME's three-month aluminium...Read More
Zinc and lead concentrate treatment charges (TCs) rose in March, reflecting expectations of better supply and fewer smelter shorts in the market.Concluded deals were few and far between, with much of the market waiting for annual contract reference prices to settle before delving into the spot market.Both zinc and lead concentrate markets are in the process of turning away from super-tight conditi...Read More
Copper concentrate treatment and refining charges (TC/RCs), ticked lower at the end of March, with traders continuing to bid lower for spot material and smelters re-adjusting bids to the downside.The Metal Bulletin copper concentrates TC/RC index stood at $66 per tonne/6.6 cents per lb on Thursday March 29, down from $68.6/6.86 cents a fortnight ago.Copper concentrate TC/RCs, discounts on exchange...Read More
Chilean state-owned miner Codelco achieved its second highest copper output ever in 2017, despite contending with a decline in ore grades, the company announced on Thursday March 30.Production from Codelco's wholly-owned mines totaled 1.73 million tonnes last year, an increase of 1.5% from 2016's 1.71 million tonnes."We reached the second largest production of our history despite the decline in or...Read More
Egypt's biggest steel producer, Ezz Steel, enjoyed normal industrial operations in 2017 after several years of disturbed activity, the company said on Thursday March 29. Firstly, Ezz Steel did not suffer any interruptions to the electricity or natural gas supplies. Secondly, the foreign currency needed for the purchase of imported raw materials was made available without limitation, company chairm...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet China,...Read More