Base Metal Stocks Articles

LME WEEK 2019: Nickel market must focus on class 1 material to sate battery appetites

November 05, 2019 / Staff reporter

The nickel market must switch its focus to class-one nickel production if it is to meet projected battery demand, analysts said during London Metal Exchange Week 2019. Analysts are concerned that traditional production focus on stainless steel may prevent adequate supply of battery-preferential nickel coming online even though this sector will eventually eclipse stainless steel demand. "The exciti...Read More

Turkish flat steel imports down 5% year on year in September

November 05, 2019 / Staff reporter

Turkey imported 602,707 tonnes of flat steel in September 2019, down by 5.07% from the corresponding month in 2018, when 634,898 tonnes arrived in the country, the Turkish Statistical Institute (TUIK) said last week.Turkey's domestic market has been in the doldrums since September 2018, when trade relations with the United States soured after US President Donald Trump doubled the import tariff on...Read More

CIS LONG STEEL EXPORT: Weak demand pressures wire rod prices

November 05, 2019 / Staff reporter

CIS export wire rod prices have softened at the beginning of November on limited demand in the major sales outlets, according to market sources.Fastmarkets' weekly price assessment for steel wire rod (mesh quality), export, fob Black Sea, CIS, was $420-430 per tonne on Monday November 4, down by $10 on the lower end.Recent offers for Russian wire rod were heard at $430 per tonne fob last week. No...Read More

ArcelorMittal-led consortium pulls out of Ilva purchase deal

November 05, 2019 / Staff reporter

AM Investco, the consortium led by ArcelorMittal that was put together to purchase Italian steelmaker Ilva, is pulling out of the deal, ArcelorMittal said on Monday November 4.The consortium has sent a notice to the Ilva commissioners indicating that it intends to withdraw from the agreement for the lease and subsequent conditional purchase of the Ilva business and certain subsidiaries.ArcelorMitt...Read More

TRADE CASE MONITOR: Around the world's steel markets in October 2019

November 05, 2019 / Staff reporter

With competition in the global steel markets still fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in October 2019.The case list below includes only updates. For other continuing cases,...Read More

AT A GLANCE: Kl??ckner & Co Q3 earnings slump on low steel prices, weak demand

November 05, 2019 / Staff reporter

A summary of the financial results of German metals distributor Kl??ckner & Co for the third quarter of 2019.Kl??ckner & Co attributed a significant year-on-year decrease in operating income to low steel prices and weak demand,Earnings before interest, taxes, depreciation and amortization (Ebitda) ?,?26 million, down from ?,?59 million in...Read More

COKING COAL DAILY: Trading activity quiet as market mulls direction (CORRECTED)

November 05, 2019 / Staff reporter

Participants in the seaborne coking coal market are maintaining a bearish outlook amid quiet trading, with many divided on the price gap between premium low-vol and mid-vol cargoes.Fastmarkets indicesPremium hard coking coal, fob DBCT: $134.16 per tonne, up by $1.78 per tonnePremium hard coking coal, cfr Jingtang: $146.36 per tonne, up by $1.28 per tonneHard coking coal, fob DBCT: $123.21 per tonn...Read More

DAILY SCRAP REPORT: Prices up on fresh bookings

November 05, 2019 / Staff reporter

Turkish steel mills returned to the deep-sea markets on Monday November 4, booking several cargoes from different origins and pushing prices up further, sources told Fastmarkets.The three newly booked cargoes end a week-long quiet period since the previous booking, all with a very similar composition and pricing. Two of the cargoes were of US origin. The first, booked by a steel mill in...Read More

TURKEY FERROUS SCRAP: Rising import scrap costs keep pushing domestic prices upward

November 05, 2019 / Staff reporter

Turkish domestic auto bundle scrap prices have increased again over the past week, in line with rises in imported scrap values, sources said on Monday November 4.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,400-1,555 ($243-269) per tonne on Monday, narrowing upward from TRY1,385-1,555 per tonne last week.Four steel mills have raised...Read More

IRON ORE DAILY: Seaborne prices fall below $85 per tonne amid uncertain demand

November 05, 2019 / Staff reporter

Prices for mid-grade seaborne iron ore slid below $85 per tonne cfr China on Monday November 4, the first time since August 30.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $83.27 per tonne, down $2.29 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $83.09 per tonne, down $2.29 per tonne.62% Fe low-alumina fines, cfr Qingdao: $82.71 per tonne, down $2.23 per tonne.58% Fe fines high-pre...Read More

Disparity continues in seaborne iron ore concentrate; pellet market lackluster

November 05, 2019 / Staff reporter

Seaborne iron ore concentrate of some origins continued to trade at premiums compared with discounts for other cargoes last week, while the pellet market stayed tepid. Concentrates Fastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao was at $96.09 per tonne on Friday November 1, up by $1.07 from a week earlier. The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fi...Read More

CHINA HRC: Exporters willing to sell at lower prices despite rebounding domestic market

November 05, 2019 / Staff reporter

China's domestic hot-rolled coil prices picked up some strength on Monday November 4 on robust trading activity after a stagnant week, though exporters appeared more willing to make concessions amid a pessimistic outlook for demand.DomesticEastern China (Shanghai): 3,510-3,520 yuan ($499-500) per tonne, narrowing upward by 10 yuan per tonneNorthern China (Tangshan): 3,510 yuan per tonne, up 10 yua...Read More

CHINA REBAR: Trading picks up ahead of transport curbs for import expo

November 05, 2019 / Staff reporter

Trading activity in China's domestic rebar market picked up on Monday November 4 amid flat prices ahead of the China International Import Expo in Shanghai from Tuesday until Sunday.Eastern China (Shanghai): 3,670-3,700 yuan ($521-526) per tonne, unchanged Northern China (Beijing): 3,620-3,650 yuan per tonne, unchanged Rebar futures were trading above last Friday's settlement price of 3,364 yuan pe...Read More

LIVE FUTURES REPORT 04/11: SHFE base metals prices shrug off positive trade news, US data

November 05, 2019 / Staff reporter

With the exception of those for aluminium and zinc, base metals prices on the Shanghai Futures Exchange were down during the morning trading session on Monday November 4.The lackluster performance comes despite positive developments in United States-China trade negotiations regarding the signing of a "Phase One" deal as well as better-than-expected data that boosted wider risk sentiment heading in...Read More

LME WEEK 2019 - INTERVIEW: Aurubis sees stability in European copper market, diversifies multi-metal strategy

November 05, 2019 / Staff reporter

Aurubis, Europe's largest copper producer, sees the domestic copper cathode market balanced, while the company's multi-metal strategy will see it better adjust to the region's changing trade landscape, chairman of the executive board Roland Harings told Fastmarkets in an interview during LME Week. The German-based producer has had a tempestuous year of change, with a leadership restructuring in Ju...Read More

GLOBAL ANTIMONY SNAPSHOT: Chinese, European assessments static; market polarized on next price move

November 05, 2019 / Staff reporter

Key data from the pricing sessions in Asia and Europe in the week to Friday November 1. China Key drivers  The price of antimony, MMTA standard grade II, ddp China was unchanged for the second consecutive week due to sparse trading activity.  Many domestic antimony suppliers held offer prices firm despite thin buying interest, citing the limited availability of ore, while a few were...Read More

Tshipi H1 net profit down 28% year on year amid manganese price drop

November 05, 2019 / Staff reporter

South African manganese miner Tshipi recorded a 28% year-on-year drop in net profit in the six months to August 31 due to lower manganese ore prices, owner Jupiter Mines announced on Thursday October 31.Tshipi's net profit for the period - its financial first half of 2020 - was 1.51 billion rand ($101 million), down from 2.09 billion rand in its financial first half of 2019. The miner achieve...Read More

GLOBAL SILICON SNAPSHOT: Chinese price continues uptrend, European producers stop offering but prices unmoved

November 05, 2019 / Staff reporter

Key data from the pricing sessions in Asia and Europe in the week ended Friday November 1.ChinaKey drivers The Chinese silicon 5-5-3 export price continued its upward momentum for the second consecutive week against a backdrop of tight supply for the dry season from November to May when refiners in Sichuan and Yunnan provinces halt production due to a lack of cheap hydroelectric power. Domestic Ch...Read More

Market Summary: Cautious optimism

05 November 2019 / Staff reporter

Cautious...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.S...Read More

Aluminium: Rebound, but limited upside

05 November 2019 / Staff reporter

LME price secured a 2.4% m-o-m...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

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