Base Metal Stock Articles

Manufacturing price rises likely after eurozone PMI hits record high in December

January 02, 2018 / Lee Allen

Prices are likely to rise in the eurozone manufacturing sector this year following the purchasing managers' index (PMI) for the region reaching a record high in December 2017, data organization IHS Markit said on Tuesday January 2.December's final manufacturing PMI for the eurozone was 60.6, compared with 60.1 in July, amid strong expansions in new orders and output. The reading was the highest re...Read More

TRADE CASE MONITOR: Around the world in December 2017

January 02, 2018 / Ana Paula Camargo

As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in December 2017.The case list below includes only updates. For other continuing cases in 2017, see the January, February, March, April, May, June, July, August, September, October and November updates.INVESTIGATING REGIONProductOrigin of...Read More

WEEKLY BASE METAL PREMIUMS REPORT 02/01

January 02, 2018 / Metal Bulletin Editorial

A summary of base metals premiums across the globe for the week to Tuesday January 2.Read More

STEEL NEWS ROUND-UP: British Steel chief resigns, FN Steel agrees deal with Ovako, ArcelorMittal jv with Sail a step closer

January 02, 2018 / Lee Allen

With resignations, acquisitions and co-operation agreements, the last few weeks of 2017 were unusually busy for many European steel companies. Metal Bulletin brings together some of the more important stories from the festive period.British Steel chief resigns British Steel has started 2018 without a permanent chief executive officer, after the resignation of Peter Bernscher on December...Read More

LIVE FUTURES REPORT 02/01: LME lead, zinc start 2018 in bullish mood; base metals consolidating

January 02, 2018 / Alice Mason

Base metals prices were on divergent paths at the close on the London Metal Exchange on Tuesday January 2 while most prices tried to consolidate recent gains. Zinc was one of the strongest performers today, hitting a high of $3,352 per tonne - the highest since August 2007. Lead followed its sister metal higher, closing up 2%. "Zinc has opened 2018 in a bullish mood; still, falling LME stocks sugg...Read More

GULF FLAT STEEL IMPORTS: Quiet market expects new prices in UAE, Saudi Arabia

January 02, 2018 / Serife Durmus

Flat steel buyers in the United Arab Emirates and Saudi Arabia preferred to wait for new prices to be announced before making any new purchases, sources told Metal Bulletin on Tuesday January 2.There was no new price published after the New Year holiday, and the domestic markets in those countries were trying to get used to the imposition of 5% VAT on January 1, 2018.However, most buyers were expe...Read More

NORTH AMERICAN MORNING BRIEF 02/01: LME base metals on strong footing; seaborne iron ore market gains; 2018 previews

January 02, 2018 / Tanya Ashreena

The latest metal markets news and price moves to start the North American day on Tuesday January 2.Base metals prices on the London Metal Exchange have started the year in a strong position with prices mostly in positive territory during morning trading today.This comes following a positive end to the year last week where copper hit a near four-year high and most metals closed near to their 2017 y...Read More

EUROPEAN MORNING BRIEF 02/01: Copper prices fall; High-grade manganese ore price dip; CSPT members agree to 2018 TC/RCs

January 02, 2018 / Ellie Wang

Good morning from Metal Bulletin's offices in Asia, bringing the key news and market stories on Tuesday January 2. Copper prices on the Shanghai Futures Exchange (SHFE) fell during the Asian morning session on the first trading day of 2018 after China's official Purchasing Managers' Index (PMI) came in below market expectations. Check Metal Bulletin's live futures report here. LME snapshot at 0251...Read More

2018 PREVIEW: CIS slab, billet to level off in short term, but long-term prospects uncertain

January 02, 2018 / Vlada Novokreshchenova

Commonwealth of Independent States steel export slab and billet prices are expected to level off in the first quarter of 2018 after the erosion of slab's premium to billet in the second half of 2017, sources told Metal Bulletin. But longer-term prospects for the slab-billet spread are uncertain and could depend on Chinese investments in secondary steelmaking capacity. "Our short-term forecast says...Read More

2018 PREVIEW: EU steel sector poised for consolidation, but competition risks exist

January 02, 2018 / Reginald Ajuonuma

Europe's steel industry is poised for significant consolidation in 2018, though the upside from the scaling back of overcapacity will need to be balanced by the requirement for competitive markets.The New Year is likely to see the formal completion of the merger between Tata Steel and Thyssenkrupp's European steel operations. Thyssenkrupp Tata Steel, in which both companies will hold a 50% stake,...Read More

2018 PREVIEW: Southeast Asia looks to boost flat steel self-sufficiency

January 02, 2018 / Paul Lim

Southeast Asia is expected to increase its self-sufficiency in 2018 once more flat steel producers start up their plants. The demand for slab is also expected to increase once the production lines are up and running.Vietnam's Hoa Phat Group is targeting a 2019 start-up for its 4-million-tonne-per-year integrated steel mill in central Vietnam. Located in Quang Ngai province, the $2.7-billion mill w...Read More

LIVE FUTURES REPORT 02/01: LME lead, zinc start 2018 in bullish mood; base metals consolidating

January 02, 2018 / Alice Mason

Base metals prices were on divergent paths at the close on the London Metal Exchange on Tuesday January 2 while most prices tried to consolidate recent gains. Zinc was one of the strongest performers today, hitting a high of $3,352 per tonne - the highest since August 2007. Lead followed its sister metal higher, closing up 2%. "Zinc has opened 2018 in a bullish mood; still, falling LME stocks sugg...Read More

LIVE FUTURES REPORT 02/01: Comex copper price starts new year on wrong foot

January 02, 2018 / Dalton Barker

Comex copper prices consolidated in the US morning on Tuesday January 2 after trading around a four-year high at the end of 2017. Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 1.20 cents or 0.4% to $3.2885 per lb. Earlier today, prices were in positive territory after Chinese manufacturing data surprised to the upside. But after closer inspection and...Read More

CHINA HRC: Shanghai prices inch upward on good paper market

January 02, 2018 / Gladdy Chu

Prices in China for hot-rolled coil narrowed upward in Shanghai on Tuesday January 2 following the rising paper market, but dipped in Tianjin on poor demand.DomesticEastern China (Shanghai): 4,290-4,310 yuan ($658-661) per tonne, narrowed upward by 10 yuan per tonneNorthern China (Tianjin): 4,150-4,180 yuan per tonne, down by 20 yuan per tonneThe northern Chinese market remained weak amid poor dem...Read More

SMM Evening Comments (Jan 2)

Jan 02 2018 / Staff reporter

SHANGHAI, Jan 2 (SMM)? 1/4 ? Nonferrous metals were mixed on the first trading day of 2018 with nickel outperforming others with a 2% rise. Zinc and tin rose around 1% while lead dropped 0.73% and copper dropped 0.63%.On the other hand, iron ore led the ferrous complex with a 2.6% gain. Rebar, coking coal and hot-rolled coil all rose some 2%, while coke was up over 1%.Copper: Copper saw the techni...Read More

SMM Evening Comments (Jan 2)

Jan 02 2018 / Staff reporter

SHANGHAI, Jan 2 (SMM)? 1/4 ? Nonferrous metals were mixed on the first trading day of 2018 with nickel outperforming others with a 2% rise. Zinc and tin rose around 1% while lead dropped 0.73% and copper dropped 0.63%.On the other hand, iron ore led the ferrous complex with a 2.6% gain. Rebar, coking coal and hot-rolled coil all rose some 2%, while coke was up over 1%.Copper: Copper saw the techni...Read More

Metals prices consolidate after strong year-end

02 January 2018 / Staff reporter

Base metals traded on the London Metal Exchange are for the most part consolidating this morning, Tuesday January 2, with lead the exception where prices are up 0.6% at $2,514 per tonne. The rest are little changed with copper prices at $7,254 per tonne, but trading volume has been high at 11,821 lots as of 7.30am London time. This comes after an overall positive close to the year on Friday Decemb...Read More

SMM Evening Comments (Jan 2)

Jan 02 2018 / Staff reporter

SHANGHAI, Jan 2 (SMM)? 1/4 ? Nonferrous metals were mixed on the first trading day of 2018 with nickel outperforming others with a 2% rise. Zinc and tin rose around 1% while lead dropped 0.73% and copper dropped 0.63%.On the other hand, iron ore led the ferrous complex with a 2.6% gain. Rebar, coking coal and hot-rolled coil all rose some 2%, while coke was up over 1%.Copper: Copper saw the techni...Read More

[Update] Major nickel smelter on fire with 10,000 mt output affected

Jan 02 2018 / Staff reporter

Jinchuan Group’s nickel smelter caught fire due to organic solvent on the New Year’s Eve, and about 10,000 mt of output is estimated to be affected, SMM learned.While the company was still assessing the impact, some parts of the plant may be rebuilt and it is estimated to take at least three months. Some 30,000 mt of its annual capacity, which stands at 150,000 mt, is set to be impacte...Read More

Report: Copper foil deficit widens to 15,000 mt in 2018

Jan 02 2018 / Staff reporter

Copper foil price is set to go up further as global deficit of the raw material for lithium-ion battery is estimated to increase to 10% in 2018, according to information provider cableabc.com.Global supply of copper foil for lithium-ion battery is forecast to be 146,000 mt but demand stands at 161,000 mt. The deficit has widened from 90,000 mt of supply and 91,000 mt of demand in 2015.Higher coppe...Read More

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