The export market for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States has grown on restricted supplies and rising prices for semi-finished steel products, sources have told Metal Bulletin."Mills are overbooked and buyers are searching for material," a trader told Metal Bulletin. He added that it was a challenge to find HRC available to purchase, althoug...Read More
Lead prices on the London Metal Exchange continued to strengthen and closed 1.4% higher at 5pm London time on Monday February 26, with its cash/three-month spread moving into backwardation. "LME lead has rebounded well... So far, sellers have failed to take its below $2,500 per tonne; buyers now have the chance to push it higher," Metal Bulletin analyst Andy Farida said. "Since the base metals are...Read More
The price difference between lead and zinc on the London Metal Exchange has moved to its widest in over 10 years, with lead lagging significantly behind. At the close on Thursday February 22, the three-month zinc price closed $960.50 per tonne higher than lead. But when the spread - or switch - last moved to over $900 in early 2007, lead staged an incredible fightback and ended up overtaking its s...Read More
Good morning from Metal Bulletin's London office, bringing you the latest news and pricing stories on Monday February 26.Base metals prices on the London Metal Exchange were on strong footing at the start of the week - with prices trading higher across the board and being supported by a weaker dollar. Here's how base metals prices looked at 11:50 London time:Read our live futures report here. ...Read More
SHANGHAI, Feb 26 (SMM) – Metals futures on the SHFE performed strongly today as nonferrous metals rose across the board except for tin, which edged down slightly. Nickel went up 0.72%. Copper, aluminium, zinc and lead also inched up.Ferrous metals remained firm as coke jumped over 4% and hot-rolled coil increased by close to 4%. Rebar rose over 3%, coking coal rose over 2% and iron ore edged...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening traded. Futures responded to a surge overnight in world equity markets.Gold gained $9.40 to $1,339.70 per ounce on weakness in the U.S. Dollar IndexNatural gas gained $0.05 to $2.70 per MBtu following predictions by the National Center for Environmental Information (NOAA) that northern U.S. stat...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Monday February 26.Copper prices on the Shanghai Futures Exchange were weaker during Asian morning trading on Monday, with the red metal coming under pressure following a 10% jump in copper volumes at SHFE-approved warehouses last week.Check Metal Bulletin's live futures report here.LME sn...Read More
SHANGHAI, Feb 26 (SMM) – Metals futures on the SHFE performed strongly today as nonferrous metals rose across the board except for tin, which edged down slightly. Nickel went up 0.72%. Copper, aluminium, zinc and lead also inched up.Ferrous metals remained firm as coke jumped over 4% and hot-rolled coil increased by close to 4%. Rebar rose over 3%, coking coal rose over 2% and iron ore edged...Read More
SHANGHAI, Feb 26 (SMM) – Metals futures on the SHFE performed strongly today as nonferrous metals rose across the board except for tin, which edged down slightly. Nickel went up 0.72%. Copper, aluminium, zinc and lead also inched up.Ferrous metals remained firm as coke jumped over 4% and hot-rolled coil increased by close to 4%. Rebar rose over 3%, coking coal rose over 2% and iron ore edged...Read More
SHANGHAI, Feb 26 (SMM) – China’s planned infrastructure investment and construction projects in 2018 are set to give firm support to metals, SMM learned. Efforts put into transportation and water conservancy by local governments are set to spur growth in commodities consumption, especially of steel and cement, according to Jiang Xingchun, director of Soochow Futures Study. He add...Read More
SHANGHAI, Feb 26 (SMM) – China’s planned infrastructure investment and construction projects in 2018 are set to give firm support to metals, SMM learned. Efforts put into transportation and water conservancy by local governments are set to spur growth in commodities consumption, especially of steel and cement, according to Jiang Xingchun, director of Soochow Futures Study. He add...Read More
SHANGHAI, Feb 26 (SMM) – China’s planned infrastructure investment and construction projects in 2018 are set to give firm support to metals, SMM learned. Efforts put into transportation and water conservancy by local governments are set to spur growth in commodities consumption, especially of steel and cement, according to Jiang Xingchun, director of Soochow Futures Study. He add...Read More
SHANGHAI, Jan 26 (SMM)? 1/4 ? China releases data on its import and export of copper in January 2018 (Unit: mt): Read More
ELKO, Nev., Feb. 26, 2018 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, today announced it will be presenting at the 30th Annual ROTH Conference at the Ritz Carlton in Dana Point, California. The conference will be held from March 11-14, 2018. Event: 30th Annual ROTH Conference Date of U.S. Gold Presentation: Monday, March 12, 2018Time: 7:00 AM...Read More
SHANGHAI, February 26 (SMM)? 1/4 ? China releases data on its import and export of zinc in January 2018 (Unit: mt):Read More
SHANGHAI, Feb 26 (SMM) - Copper: Copper is set to remain firm in the medium term as a rebound in downstream consumption provides support to the physical market and as imports of copper scrap face restrictions. We expect LME copper to trade at $7,080-7,150/mt and SHFE copper to trade at 53,000-53,600 yuan/mt today. In the physical market, smaller spot discounts are seen at...Read More
SHANGHAI, Feb 26 (SMM) - Copper: Copper is set to remain firm in the medium term as a rebound in downstream consumption provides support to the physical market and as imports of copper scrap face restrictions. We expect LME copper to trade at $7,080-7,150/mt and SHFE copper to trade at 53,000-53,600 yuan/mt today. In the physical market, smaller spot discounts are seen at...Read More
SHANGHAI, Feb 26 (SMM) - Copper: Copper is set to remain firm in the medium term as a rebound in downstream consumption provides support to the physical market and as imports of copper scrap face restrictions. We expect LME copper to trade at $7,080-7,150/mt and SHFE copper to trade at 53,000-53,600 yuan/mt today. In the physical market, smaller spot discounts are seen at...Read More
SHANGHAI, February 26 (SMM) - Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in January 2018 (unit: mt):Read More
SHANGHAI, February 26 (SMM) - Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in January 2018 (unit: mt):Read More