Base Metal Stock Articles

Chinese holiday keeps European APT, ferro-tungsten prices unchanged; bearish sentiment remains

February 12, 2019 / Staff reporter

Ammonium paratungstate (APT) and ferro-tungsten prices were unchanged in Europe last week with China away from the market for a one-week holiday. The benchmark ammonium paratungstate price was unchanged at $260-270 per mtu on Friday February 8 - a price level it has maintained for the past five weeks with little spot business being transacted. "It's been quiet on the consumer...Read More

Chinese ferro-silicon tender prices for February tumble

February 12, 2019 / Staff reporter

Major steel mills in China have concluded their ferro-silicon tenders for February, which have fallen again month on month on weak demand and oversupply, sources in China said. Both Hebei Steel, the country's largest mill, and Jiangsu Shagang last week released tender purchase prices for ferro-silicon delivered in February. Hebei Steel's latest tender price is 6,290 yuan ($932.32) per tonne for Fe...Read More

Market Summary: China's back, so now what?

12 February 2019 / Staff reporter

China’s...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s publish...Read More

Aluminium: Starting to underperform

12 February 2019 / Staff reporter

New Year rebound momentum may have...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soo...Read More

Technical analysis: Consolidating

12 February 2019 / Staff reporter

Aluminium The LME three-month aluminium price continued to...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus dow...Read More

Copper: Some catching up to do

12 February 2019 / Staff reporter

Copper on the rise but still...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as i...Read More

Lead: Stubborn resistance above $2,100 per tonne

12 February 2019 / Staff reporter

Stock falls continue despite low...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More

Nickel: Recapping the nickel bull story

12 February 2019 / Staff reporter

Nickel prices caught the electric vehicles (EV) bug...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the la...Read More

Tin: Supply tightness almost fully priced in

12 February 2019 / Staff reporter

Tin’s rally decelerates The...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More

Zinc: Healthy price correction

12 February 2019 / Staff reporter

Technical support found Zinc prices remain...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issu...Read More

Base metals investment analysis: Plenty of fund short-covering, but where are the longs?

12 February 2019 / Staff reporter

ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More

Demand Indicators: February 12 2019

12 February 2019 / Staff reporter

Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More

Tech Talk for Tuesday February 12th 2019

12/02/2019 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 19 points in pre-opening trade. Index futures are responding to a tentative agreement by the U.S. Congress that will avoid a government shutdown by the end of the week.Gilead (GILD $67.62) is expected to open lower after its drug trial on chronic liver disease failed to reach expectations. Molson Coors (TAP $66.36) is...Read More

IN CASE YOU MISSED IT: 5 key stories from February 8

February 11, 2019 / Staff reporter

Here are five Fastmarkets MB stories you might have missed on Friday February 8 that are worth another look.The United States' Section 232 tariffs are costing ArcelorMittal SA's Canadian operations some $100 million per quarter, company executives said during an earnings call on Friday February 8. Aluminium producer UC Rusal's profits from aluminium sales in the fourth quarter of 2018 were&nb...Read More

GLOBAL BILLET WRAP: Prices climb further on costlier scrap

February 11, 2019 / Staff reporter

Steel billet prices in most of the world's major markets maintained their upward momentum during the week ended Friday February 8, with ferrous scrap becoming increasingly costlier.Fastmarkets' daily index for Northern Europe-origin heavy melting scrap 1&2 (80:20) was $319.28 per tonne cfr Turkey on February 7, up $21.89 per tonne from $297.39 per tonne cfr on February 1.No updates were heard from...Read More

GLOBAL BILLET WRAP: Prices climb further on costlier scrap

February 11, 2019 / Staff reporter

Steel billet prices in most of the world's major markets maintained their upward momentum during the week ended Friday February 8, with ferrous scrap becoming increasingly costlier.Fastmarkets' daily index for Northern Europe-origin heavy melting scrap 1&2 (80:20) was $319.28 per tonne cfr Turkey on February 7, up $21.89 per tonne from $297.39 per tonne cfr on February 1.No updates were heard from...Read More

IN CASE YOU MISSED IT: 5 key stories from February 8

February 11, 2019 / Staff reporter

Here are five Fastmarkets MB stories you might have missed on Friday February 8 that are worth another look.The United States' Section 232 tariffs are costing ArcelorMittal SA's Canadian operations some $100 million per quarter, company executives said during an earnings call on Friday February 8. Aluminium producer UC Rusal's profits from aluminium sales in the fourth quarter of 2018 were&nb...Read More

IN CASE YOU MISSED IT: 5 key stories from February 8

February 11, 2019 / Staff reporter

Here are five Fastmarkets MB stories you might have missed on Friday February 8 that are worth another look.The United States' Section 232 tariffs are costing ArcelorMittal SA's Canadian operations some $100 million per quarter, company executives said during an earnings call on Friday February 8. Aluminium producer UC Rusal's profits from aluminium sales in the fourth quarter of 2018 were&nb...Read More

Metals prices pull back as Chinese participants return after Lunar New Year holiday

11 February 2019 / Staff reporter

China’s return to the market after a week-long break for Lunar New Year has not brought with it a rush to restock and that has led to some disappointed selling across the base metals traded on the London Metal Exchange, with the complex down by an average of 0.9% this morning, Monday February 11. The three-month zinc price led the decline with a 2% drop, while the three-month tin price was do...Read More

Tech Talk for Monday February 11th 2019

11/02/2019 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade.Tapestry (TPR $33.86) is expected to open lower after MKM Partners lowered its target price to $52 from $63.Applied Materials (AMAT $39.78) is expected to open lower after Stifel Nicolaus lowered its target price to $53 from $63.Cameco (CCO $16.39 Cdn) is expected to open higher after rep...Read More

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