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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
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
Brazilian miner CSN Minera????o has declared force majeure over an ongoing protest by truck drivers over recent fuel price increases, it said on Tuesday May 29.The nationwide strike, which started on May 18, has resulted in the iron ore producer, a 87.52%-owned subsidiary of steel and iron ore...Read More
Three-month base metals prices on the London Metal Exchange were down across the board by an average of 0.4%, with copper prices off by 0.9% at $6,768 per tonne. Volume has been heavy with 12,850 lots traded as of 07:53 am London time. This follows a mixed performance on Tuesday when copper and lead prices were off 0.5% and 0.3% respectively, aluminium prices closed up by 0.1% and the rest were up...Read More
All pig iron production facilities in Brazil came to a halt this week due to the truck drivers' strike over recent fuel price rises, Metal Bulletin was told on Wednesday May 30."100% of the pig iron sector has stopped due to the strike," a producer said."[Operations at] almost all companies are reportedly halted," a second producer added.The Brazilian truck drivers' nationwide strike, which began...Read More
The export price of CIS steel billet continued to drop on Wednesday May 30 with new bookings being reported at lower levels.Metal Bulletin's CIS billet export index was $504 per tonne fob Black Sea on May 30, down by $5 per tonne day-on-day.Offers from CIS mills were heard mostly within the range of...Read More
Prices for domestic hollow steel sections narrowed downward in Northern Europe this week, with market activity remaining thin amid regulatory uncertainty, market sources told Metal Bulletin on Wednesday May 30.Metal Bulletin's price assessment for commodity-size, grade-S235 square hollow sections made and delivered in Northern Europe narrowed downward by ?,?5 per tonne to ?,?640-650 ($741-752) per...Read More
Domestic prices for steel beams in both Northern and Southern Europe were largely stable this week, with demand continuing to be mixed, sources told Metal Bulletin on Wednesday May 30.Metal Bulletin's weekly price assessment for domestic S235-grade, 200x200mm category-2 H-beam in Northern Europe widened upward by ?,?5 per tonne to ?,?590-620 ($683-717) per tonne delivered on May 30, from ?,?590-61...Read More
Nickel prices on the London Metal Exchange climbed 1.4% at the close of trading on Wednesday May 30, while copper volumes traded at their highest since April 19.The three-month nickel price gathered momentum throughout the afternoon, rallying from a daily low of $14,685 per tonne to reach a high of $15,190 per tonne for the day. Nickel's bullish move comes after the US dollar index softened f...Read More
The latest metal markets news and prices moves for the start of the North American day on Wednesday May 30. The latest metal markets news and prices moves for the start of the North American day on Wednesday May 30. Base metals were broadly lower on the London Metal Exchange during morning trading on Wednesday May 30, with tin the only metal to record an upward move against a strengthening US doll...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday May 30.Copper prices on the Shanghai Futures Exchange fell during Asian morning trading on Wednesday, reversing the gains seen on Tuesday, with the red metal's prices coming under pressure from a strengthening dollar.Check Metal Bulletin's live futures report here.LME snapshot at 03....Read More
Nickel prices on the London Metal Exchange climbed 1.4% at the close of trading on Wednesday May 30, while copper volumes traded at their highest since April 19.The three-month nickel price gathered momentum throughout the afternoon, rallying from a daily low of $14,685 per tonne to reach a high of $15,190 per tonne for the day. Nickel's bullish move comes after the US dollar index softened f...Read More
Tight spot supply of Iranian lead ingots has pushed up premiums for major importers such as India and some Southeast Asian countries, while premiums for zinc remain stable across global markets with levels in Europe holding at a multi-year low. Secondary lead premiums for India up $10 per tonne from a week ago, on supply shortage led by summer production lull and Iranian ingot shortage Cert...Read More
Comex copper prices eased on Wednesday May 30 morning in the US, presenting a dip-buying opportunity for the market.Copper for July settlement on the Comex division of the New York Mercantile Exchange declined 1.4 cents or 0.46% to $3.0485 per lb."For the moment we view the weakness on Wednesday...Read More
Tight spot supply of Iranian lead ingots has pushed up premiums for major importers such as India and some Southeast Asian countries, while premiums for zinc remain stable across global markets with levels in Europe holding at a multi-year low. Secondary lead premiums for India up $10 per tonne from a week ago, on supply shortage led by summer production lull and Iranian ingot shortage Cert...Read More
Domestic prices for mesh-quality wire rod produced and delivered in Southern Europe have widened downward by ?,?5 per tonne over the past week, with weaker demand leading to lower offers, sources said on Wednesday May 30.The Southern European domestic price for mesh-quality wire rod was ?,?520-535 ($602-619) per tonne delivered on May 30, compared with ?,?525-535 per tonne on May 23."Our order int...Read More
Tin premiums fell further in Europe to hit four-month lows following a substantial jump in exports from Indonesia in May, while premiums in the United States and China were more resilient against downside pressure and held stable. Indonesian exports at record high in May Rotterdam 99.9% tin premium down 14% in 3 weeks China, US premiums flatEuropean tin premium plunges on surging Indonesian export...Read More
Zinc concentrate treatment charges (TCs) rose to their highest level this year in May, with smelters refraining from purchases of spot tonnages. And the upward trend in lead concentrate TCs reversed after an import arbitrage opened up in China.Both markets remained extremely tight in concentrates, with some smelters seeking to cut back their capacity utilization rates, Metal Bulletin heard on Wedn...Read More
Peruvian zinc and lead miner Volcan has suspended mining at its Anim??n and Islay mines, part of its Chungar subsidiary, the company said in a release to the Peruvian stock exchange late on Tuesday May 29.The Chungar complex produces 96,000 tonnes per year of zinc, 20,000 tpy of lead and 1 tpy of copper, according to a corporate presentation...Read More