SHANGHAI, Feb 13 (SMM) –Copper: Copper prices rebounded following the global stock market rally and further upward room remains. We see SHFE copper trading at 51,300-51,900 yuan/mt with LME copper at $6,850-6,900/mt today. In the physical market, thin trading liquidity may see spot discounts widen to 300-250 yuan/mt.Aluminium: The increase in LME aluminium inventory reflected growing Chinese...Read More
SHANGHAI, Feb 13 (SMM) – Strikes are expected to be the biggest factor affecting copper ore supply in 2018, with 30 labour negotiations already planned this year in Chile alone.In addition, such negotiation at Escondida scheduled in August and a share transfer programme at Grasberg would also create uncertainties over output at the world’s two largest copper mines.Following a decrease...Read More
SHANGHAI, Feb 13 (SMM) –Copper: Copper prices rebounded following the global stock market rally and further upward room remains. We see SHFE copper trading at 51,300-51,900 yuan/mt with LME copper at $6,850-6,900/mt today. In the physical market, thin trading liquidity may see spot discounts widen to 300-250 yuan/mt.Aluminium: The increase in LME aluminium inventory reflected growing Chinese...Read More
Copper hit by intensifying risk-aversion... Copper...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 lat...Read More
SHANGHAI, Feb 13 (SMM) –Copper: Copper prices rebounded following the global stock market rally and further upward room remains. We see SHFE copper trading at 51,300-51,900 yuan/mt with LME copper at $6,850-6,900/mt today. In the physical market, thin trading liquidity may see spot discounts widen to 300-250 yuan/mt.Aluminium: The increase in LME aluminium inventory reflected growing Chinese...Read More
Lead prices correct along with...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...Read More
Macro factors providing nickel bulls with buying...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 lates...Read More
Star performer of the year... but...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
Overdue price correction... what now? Zinc...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
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
Base metals on the London Metal Exchange are recovering again this morning, Tuesday February 13, with prices up by an average of 0.7%. Copper ($6,924 per tonne) and nickel lead the way with gains of 0.9%, while lead is the laggard with a 0.3% increase.Volume has been average with 8,757 lots traded as of 07.07 am London time, although half of that has been in copper. This follows gains on Monday fo...Read More
Uncertainty surrounding Brexit continues to be a concern for UK metals traders from small- and medium-sized enterprises conscious that The Registration, Evaluation, Authorisation and Restriction of Chemicals (Reach) deadline is looming, Metal Bulletin learned at last week's REACH Under The Microscope Forum. While some traders are still unregistered and grappling with paperwork to meet the deadline...Read More
Base metals prices on the London Metal Exchange were in positive territory across the board at the close on Tuesday February 13, after the complex was boosted by a weaker dollar and continued to rebound following last week's sell-off."LME base metals are showing their strength once again and pushing back up to the high levels seen before the sell-off. The market needs to stabilize back at these le...Read More
Aluminium stocks on the London Metal Exchange have increased nearly 30% over the last three trading days, with market participants taking advantage of tightness in the February/March nearby spread.166,225 tonnes were delivered onto the exchange today, the largest single delivery of aluminium into LME-listed warehouses since March 19, 2014. "There is backwardation [in the February/March-2018 spread...Read More
Iron ore prices jumped past $77 per tonne cfr China on Tuesday February 13 following gains in the paper market. Metal Bulletin's 62% Fe Iron Ore Index Today: $77.36 per tonne cfr Qingdao Daily change: up by $1.12 per tonne Month-to-date average: $75.94 per tonne Metal Bulletin's...Read More
Uncertainty surrounding Brexit continues to be a concern for UK metals traders from small- and medium-sized enterprises conscious that The Registration, Evaluation, Authorisation and Restriction of Chemicals (Reach) deadline is looming, Metal Bulletin learned at last week's REACH Under The Microscope Forum. While some traders are still unregistered and grappling with paperwork to meet the deadline...Read More
Rebar import prices for material brought into the United Arab Emirates and Saudi Arabia both went up this week while there were no imports of billet, sources told Metal Bulletin on Tuesday February 13.Demand for locally produced rebar in the UAE was still strong, however.Domestic rebarThe major rebar producers in the UAE announced new prices on January 16 and they have remained unchanged since the...Read More
Aluminium stocks on the London Metal Exchange have increased nearly 30% over the last three trading days, with market participants taking advantage of tightness in the February/March nearby spread.166,225 tonnes were delivered onto the exchange today, the largest single delivery of aluminium into LME-listed warehouses since March 19, 2014. "There is backwardation [in the February/March-2018 spread...Read More
Financial results for 2017 at multinational minerals technology company Umicore contained several items that bode well for the future of the Belgium-based company, chief executive officer Marc Grynberg told Industrial Minerals at a media breakfast in London on Monday February 12.Margins and returns have improved quite significantly, and the company expects to show notable growth in 2018 and the ye...Read More