Base Metal Stocks Articles

IRON ORE DAILY: Macroeconomic headwinds, physical supply-demand dynamics remain key drivers

March 10, 2020 / Staff reporter

Futures prices on the Dalian Commodity Exchange and the Singapore Exchange were downon Monday March 9, with physical seaborne market trading muted while buyers take a wait-and-see approach. Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $87.96 per tonne, down $2.23 per tonne.62% Fe low-alumina fines, cfr Qingdao: $89.27 per tonne, down $2.01 per tonne.58% Fe fines high-grade prem...Read More

COKING COAL DAILY: Trading muted but macroeconomic concerns emerge

March 10, 2020 / Staff reporter

Seaborne coking coal market saw little trading activity on Monday March 9, with Chinese participants expecting prices to retreat.Fastmarkets indicesPremium hard coking coal, fob DBCT: $158.65 per tonne, up $0.24 per tonnePremium hard coking coal, cfr Jingtang: $169.44 per tonne, down $1.11 per tonneHard coking coal, fob DBCT: $144.01 per tonne, up $2.50 per tonneHard coking coal, cfr Jingtang: $15...Read More

WEEKLY SCRAP WRAP: Global prices largely stable amid thin trading

March 10, 2020 / Staff reporter

Global ferrous scrap prices largely edged up in the week to Friday February 28, with the exception of Turkey, as a result of mainly increased freight rates. Many market participants reported weak trading activity during the week.Limited purchases by TurkeyExport prices in United States West Coast fall, but East Coast quietSentiment deteriorates in Asia on ample Japanese supplyImport prices in Indi...Read More

CHINA REBAR: End-user demand picks up, but selling pressure remains

March 10, 2020 / Staff reporter

China's domestic rebar prices dropped on Monday March 9 due to selling pressure and early losses in the futures market, though sentiment remained positive with more construction projects restarting work after an extended break after the Chinese New Year.Eastern China (Shanghai): 3,370-3,400 yuan ($486-490) per tonne, down 40 yuan per tonne Northern China (Beijing): 3,260-3,300 yuan per tonne, down...Read More

CHINA HRC: Sellers cut prices to attract buyers

March 10, 2020 / Staff reporter

China's domestic hot-rolled coil prices dropped on Monday March 9, with sellers making attempts to destock.DomesticEastern China (Shanghai): 3,490-3,500 yuan ($503-505) per tonne, down 20 yuan per tonneNorthern China (Tangshan): 3,280-3,300 yuan per tonne, narrowed downward by 10 yuan per tonneWith inventories at high levels, sellers lowered their prices to generate buying interest to draw down on...Read More

COBALT SNAPSHOT: Standard grade moves higher; alloy underpinned

March 10, 2020 / Staff reporter

Key data from the March 9 pricing session in LondonKey driversThe price for standard-grade cobalt increases on the top end of the range; sellers hold firm with offers and are in little rush to drop them for low-volume inquiries. The alloy-grade price holds firm, with several sellers citing market tightness on good demand being reported in the aerospace, medical implant and other downstream ma...Read More

CHINA MANGANESE FLAKE SNAPSHOT: Electrolytic flake prices slide on increased supply, soft demand

March 10, 2020 / Staff reporter

Key data from the Friday March 6 pricing session in Shanghai.Key drivers Export price for China-origin electrolytic manganese flake plunges after exporters lower their offer prices in a quiet market. Overseas...Read More

BASF, Nornickel, Fortum in battery recycling venture for EV market

March 10, 2020 / Staff reporter

German chemical conglomerate BASF, Russian miner Nornickel and Finnish state-owned energy company Fortum have signed a letter of intent for a battery recycling cluster in Harjavalta, Finland, serving the electric vehicles (EV) market. The joint venture aims to foster the production and use of responsibly produced recycled raw materials in the battery market, using closed-loop recycling to re-use t...Read More

GLOBAL CHROME SNAPSHOT: UG2 prices near-four year low; stockpiling boosts liquidity in European alloy market

March 10, 2020 / Staff reporter

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday March 6. China  The UG2 chrome ore price hit its lowest level since April 2016 in its third consecutive week of decline.  Spot Chinese ferro-chrome prices steady due to the market awaiting March tender prices from...Read More

US non-ferrous scrap exports mostly flat in Jan

March 10, 2020 / Staff reporter

US non-ferrous scrap export volumes in January increased by only 1% compared with a year previous, according to data from the US Department of Commerce. Volumes totaled 233,878 tons in January, up from 231,593 tons in January 2019.Of the six scrap metal categories tracked by Fastmarkets - aluminium, used beverage cans (UBCs), copper, lead (other than lead-acid batteries), nickel and zinc - UB...Read More

China's fourth-round copper scrap import quota set at 3,520 tonnes

March 10, 2020 / Staff reporter

The Chinese government has announced a fourth quota for copper scrap imports, which importers must apply for to bring scrap material into China.A total of 3,520 tonnes of copper scrap will be allowed to enter into China under the latest quota, according to a release on Saturday March 7 from the China Solid Waste & Chemicals Management Bureau, which is part of the Ministry of Ecology and Environmen...Read More

Market Summary: Waiting for stimulus

10 March 2020 / Staff reporter

Waiting...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.Su...Read More

Aluminium: Panic selling broke $1,700 per tonne

10 March 2020 / Staff reporter

Global economy continues taking coronavirus damage 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

Technical analysis: Rebounds reflect dip-buying appetite

10 March 2020 / Staff reporter

Aluminium The LME three-month aluminium price registered a...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: Limited downside from here

10 March 2020 / Staff reporter

Copper breaks below its 2019 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 as...Read More

Lead: Softening demand outlook

10 March 2020 / Staff reporter

Waiting to see how much...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...Read More

Nickel: Strong dip-buying appetite

10 March 2020 / Staff reporter

Lots of EV news, but little is particularly...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 iss...Read More

Tin: Rebound likely to prove transient

10 March 2020 / Staff reporter

Tin looks more resilient...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...Read More

Zinc: Producer pressures increase

10 March 2020 / Staff reporter

Zinc prices break to fresh multi-year...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...Read More

Base metals investment analysis: Volatility the only certainty

10 March 2020 / 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

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