A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 12.Please click...Read More
Zinc's three-month price on the London Metal Exchange stayed above $2,500 per tonne at the close of trading on Wednesday June 12, with the moderate volumes traded indicating continued buying interest despite the cash/three-month spread being in a sizeable backwardation.The galvanizing metal showed a little more than 8,000 lots exchanged by the close, with total volumes valued at around $100 millio...Read More
Global tin premiums were flat across the board in the week ending Tuesday June 11, with market volatility and continued fresh inflows absorbing broadly weak demand ahead of the seasonally subdued summer months, while nearby spread tightness deters spot business. European market participants question possible tin concentrate shortage US merchants report oversupplied market Weak demand caps Asian ti...Read More
An overview of the noble alloys markets and the reasons for any price moves.Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The Chinese cif Shanghai nickel premium rose on an open import arbitrage window on Tuesday June 11, while premiums in the European and United States markets continued to trade flat week on week amid market illiquidity. The open arbitrage window on June 10 pushes up cif Shanghai premium on seaborne Nornickel plate cargoes European premiums continue to trade flat on seasonal illiquidity, macro-inspi...Read More
Global tin premiums were flat across the board in the week ending Tuesday June 11, with market volatility and continued fresh inflows absorbing broadly weak demand ahead of the seasonally subdued summer months, while nearby spread tightness deters spot business. European market participants question possible tin concentrate shortage US merchants report oversupplied market Weak demand caps Asian ti...Read More
London-based commodities broker Sucden Financial has appointed Rafael Caporale as head of its new LME Options Market Making divison, the company announced in a Wednesday June 12 press release.Mr Caporale will be responsible for both the establishment and running of a dedicated options trading team within Sucden Financial, the London...Read More
Chilean state-owned copper producer Codelco significantly improved its rate of production during April, with copper output falling by just 6.4% compared with the same month of last year, data from the country's copper commission, Cochilco, showed on Monday June 10.Codelco produced 129,700 tonnes of copper in April, compared with 138,600 tonnes in the same month a year earlier. In March, the compan...Read More
PT Freeport Indonesia (PT-FI) will start work on the construction of a copper smelter in Indonesia in mid-2020, a spokesperson for the company said on Wednesday June 12. The project forms part of an agreement between Freeport-McMoRan and the Indonesian government signed last December committing PT-FI to build a new smelter in Indonesia within...Read More
ArcelorMittal, the world's largest steelmaker, is developing a transformation plan for its Belval and Differdange long steel sites in Luxembourg, a company spokeswoman told Fastmarkets in the week beginning Monday June 10.The plan will affect the sales and maintenance departments, Luxembourg labor minister Dan Kersch told a parliamentary committee in the country last week."The project does not inv...Read More
Domestic prices for hollow steel sections in both Northern and Southern Europe moved up this week on higher feedstock costs and increased offer prices at mills, sources told Fastmarkets on Wednesday June 12.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was ?,?620-640 ($702-724) per tonne delivered on Wednesday, up from ?,?600-6...Read More
Prices for rebar produced and delivered in Southern Europe remained unchanged on Wednesday June 12 amid limited trading activity, market participants told Fastmarkets."Nothing has changed and steel producers don't want to sell at a cheaper price," a trader in Italy said.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe was ?,?495-515 ($560-583) per tonne delivered on...Read More
Steel H-beam prices in Northern Europe moved downward this week in soft trading, sources told Fastmarkets on Wednesday June 12.Fastmarkets' price assessment for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe was ?,?575-605 ($651-685) per tonne delivered on Wednesday, down from ?,?585-615 per tonne delivered on June 5.One market participant reported that buyers were hesitant a...Read More
Turkish pipe export prices have gone down slightly because of imminent seasonal holiday absences and the start of a new import quota period in Europe, sources said on Wednesday June 12.Fastmarkets' monthly export price assessment for Turkey-origin EN10219-standard, grade-S235 tube, with 2mm wall thickness, fell to $560-580 per tonne fob on June 12, from $570-590 per tonne on May 8.Pipe mills in Tu...Read More
The price of rebar produced and delivered in Northern Europe narrowed upwards week on week despite the prospect of a big jump in imports of Turkish rebar next month, market participants told Fastmarkets on Wednesday June 12.Fastmarkets' weekly price assessment for domestic rebar in Northern Europe was ?,?510-525 ($577-594) per tonne delivered on June 12, compared to ?,?505-525 per June 5."We...Read More
The price range for mesh-quality wire rod in Europe has narrowed by ?,?5 per tonne at both ends over the past week, in a largely stable market, sources told Fastmarkets on Wednesday June 12.Fastmarkets' weekly domestic price assessment for mesh-quality wire rod in Northern Europe was ?,?505-515 ($572-583) per tonne delivered on Wednesday, compared with ?,?500-520 per tonne delivered on June 5."It'...Read More
Turkish steel mills booked more cargoes as they looked to take advantage of falling prices, sources said on Wednesday June 12.A steel mill in the Iskenderun region booked a Canada-origin cargo, comprising 10,000 tonnes of shredded or HMS 1&2 (95:5), 8,000 tonnes of rail and 12,000 tonnes of plate and structural (P&S) at an average price of $305...Read More
Seaborne iron ore prices were generally rangebound on Wednesday June 12, while buying interest remained for Australian Pilbara Blend products.MB 62% Fe Iron Ore Index: $106.60 per tonne cfr Qingdao, down $0.01 per tonne. MB 62% Fe Pilbara Blend Fines Index: $105.40 per tonne cfr Qingdao, down $0.01 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $111.10 per tonne cfr Qingdao, up $1.89 per tonne....Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transactions: iron oreIron oreVale, Beijing Iron Ore Trading Center (Corex), 170,000 tonnes of 62% Fe Brazilian Blend fines, traded at...Read More