Base Metal Stock Articles

SMM Morning Comments (Feb 13)

Feb 13 2018 / Staff reporter

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

Strikes to be game changer in copper ore supply in 2018

Feb 13 2018 / Staff reporter

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

SMM Morning Comments (Feb 13)

Feb 13 2018 / Staff reporter

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: Weak fundamentals are temporary

13 February 2018 / Staff reporter

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

SMM Morning Comments (Feb 13)

Feb 13 2018 / Staff reporter

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: Buying opportunity

13 February 2018 / Staff reporter

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

Nickel: Just taking a breather

13 February 2018 / Staff reporter

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

Tin: Bout of profit-taking overdue

13 February 2018 / Staff reporter

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

Zinc: Still buying the dip

13 February 2018 / Staff reporter

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

Base metals investment analysis: Speculative normalisation under way in copper

13 February 2018 / 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 13 2018

13 February 2018 / 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

Second day of rebounds underway in the metals

13 February 2018 / Staff reporter

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

FOCUS: Metals traders' worries mount over status of Reach after Brexit

February 13, 2018 / Tanya Ashreena

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

LIVE FUTURES REPORT 13/02: LME base metals continue strong rebound; most metals close up 2%

February 13, 2018 / Alice Mason

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

FOCUS: Largest LME aluminium delivery in 4 years to swing spreads back into contango

February 13, 2018 / Alice Mason

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: Benchmark index jumps above $77 per tonne

February 13, 2018 / Sophie Zhao

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

FOCUS: Metals traders' worries mount over status of Reach after Brexit

February 13, 2018 / Tanya Ashreena

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

GULF STEEL BILLET, REBAR: Domestic rebar prices rise but imports stall

February 13, 2018 / Serife Durmus

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

FOCUS: Largest LME aluminium delivery in 4 years to swing spreads back into contango

February 13, 2018 / Alice Mason

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

Umicore 2017 results give reasons for optimism

February 13, 2018 / Martim Facada

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

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok