Base Metal Stocks Articles

COKING COAL DAILY: Trading activity muted despite rising steel prices

March 19, 2019 / Staff reporter

The seaborne coking coal market was muted on Monday March 18 following a flurry of trades involving forward cargoes last week. A May-laycan cargo of premium hard coking coal was heard offered at $214 per tonne fob Australia during the day. A May-laycan cargo in the same category had changed hands at $204 per tonne fob Australia last week.Second-tier cargoes were heard offered at around $192-194 pe...Read More

LIVE FUTURES REPORT 18/03: LME copper price shrugs off 25kt rewarranting; nickel holds below $13,000/t

March 19, 2019 / Staff reporter

Copper's three-month price on the London Metal Exchange consolidated during morning trading on Monday March 18, remaining below its nearby $6,500 per tonne resistance level, with a fresh rewarranting of just below 25,000 tonnes failing to provide a major headwind to price action. Total LME on-warrant copper stocks now sit at around 138,000 tonnes. They are up by more than 84% since the start of Ma...Read More

SHFE vs LME physical arbitrage 18/03: Copper, aluminium, zinc, nickel

March 19, 2019 / Staff reporter

Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday March 18* Copper -$152.52 (-1,025.87 yuan) Aluminium -$299.66 (-2,015.62 yuan) Zinc -$140.58 (-945.56 yuan) Nickel -$273.15 (-1,837.32 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE...Read More

CHINA HRC: Buying spree ahead of VAT change pushes prices upward

March 19, 2019 / Staff reporter

China's domestic hot-rolled coil prices experienced a strong rebound on Monday March 18 with buyers making a rush for materials ahead of a reduction in the country's value-added tax on April 1.DomesticEastern China (Shanghai): 3,860-3,870 yuan ($575-576) per tonne, up 60-70 yuan per tonneNorthern China (Tianjin): 3,810-3,830 yuan per tonne, up 60 yuan per tonneTrading activity was robust in both S...Read More

METALS MORNING VIEW 18/03: Metals prices consolidate, waiting for fresh direction

March 19, 2019 / Staff reporter

Three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Monday March 18, the exception being copper, whose price was up by 0.7% at $6,474 per tonne, compared with $6,431.50 per tonne at Friday's close.Volume was average, with 6,328 lots traded on LME Select as at 7.23am London time, compared with 19,661 lots at a similar time on Friday. Spot...Read More

LIVE FUTURES REPORT 18/03: SHFE base metals prices broadly lower; copper bucks the trend

March 19, 2019 / Staff reporter

Base metals prices on the Shanghai Futures Exchange were mostly lower during the morning trading session on Monday March 18 despite a weak US dollar, amid poor market sentiment and the news that China will cut its value-added tax (VAT) rate for the manufacturing and other sectors from April 1.Base metals prices were also struggling at the start of the week amid weaker-than-expected economic...Read More

SILICON SNAPSHOT: Chinese prices firm on buying interest but European market remains flat

March 19, 2019 / Staff reporter

Key data from the pricing sessions in London and Shanghai on Friday March 15.China- The Chinese grade 553 silicon export price rose to $1,560-1,620 per tonne on March 15 from $1,550-1,610 per tonne on March 8, reflecting a resumption in demand- The grade 553 silicon price has been underpinned by improved buying interest from Southeast Asian traders and buyers, while market participants also noted...Read More

GLOBAL ANTIMONY WRAP: Chinese suppliers cut offer prices to generate sales; European buyers on the sidelines

March 19, 2019 / Staff reporter

The Chinese antimony price downtrend entered its third consecutive week amid persistently thin buying interest from the country's downstream market in the latest assessment period ended Wednesday March 13. Fastmarkets assessed the price of MMTA standard-grade II antimony, delivered duty-paid in China, at 46,000-46,500 yuan ($6,844-6,918) per tonne on Wednesday, down by 2.6% from 47,000-48,000 yuan...Read More

British bulk alloys consumers stock up to avoid Brexit disruptions

March 19, 2019 / Staff reporter

Bulk alloy suppliers are reporting increased prompt demand from British consumers amid concerns about potential supply disruptions when the United Kingdom leaves the European Union. Increased demand as a result of increased call-offs - consumers exercising their rights to material under existing contracts - as well as better spot demand, could lead to higher prices in the coming weeks, according t...Read More