Base Metal Stocks Articles

CHINA REBAR: Domestic prices fall further on rising selling interest

November 08, 2018 / Staff reporter

China's domestic rebar market maintained its downward trend on Wednesday November 7 with sellers stepping up their efforts to destock.Domestic Eastern China (Shanghai): 4,500-4,550 yuan ($650-657) per tonne, down 90 yuan per tonneNorthern China (Beijing): 4,380-4,420 yuan per tonne, down 40 yuan per tonneSellers were actively destocking during the day on the weak futures market and their bearish o...Read More

TITANIUM SNAPSHOT: Ferro-titanium price drops again, triggers scrap slump

November 08, 2018 / Staff reporter

Key data from the Wednesday November 7 pricing session in Europe. Key drivers Recent downward trend in ferro-titanium has finally dragged down scrap prices. The trend started on September 12, when the market was assessed at $5.80-6.05 per kg.There is readily available alloy supply against moderate spot demand, with some buyers booking alloy through year-end. Some traders want rid of stocks to boo...Read More

Trade log November 2018: Ferro-tungsten, APT

November 08, 2018 / Staff reporter

The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price quotations, follow the links below:China- APT, fob China- Ferro-tungsten, fob China Europe- APT, cif Rotterdam - Ferro-tungsten, in-warehouse Rotterd...Read More

EUROPE SECTIONS: Prices widen with falling feedstock costs

November 08, 2018 / Staff reporter

Prices for hollow steel sections in Northern Europe widened downward this week due to falling feedstock costs, Fastmarkets heard on Wednesday November 7.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe fell by ?,?10 per tonne on the low end to ?,?640-660 ($730-753) per tonne delivered on November 7.This compared with ?,?650-660 pe...Read More

PEOPLE MOVES: Ternium's M??ximo Vedoya named Alacero president

November 08, 2018 / Staff reporter

Latin American steel association Alacero has appointed M??ximo Vedoya as its new president on Wednesday November 7.Vedoya, who is the chief executive officer of Latin American steel group Ternium, will lead the association...Read More

Gerdau's volumes down in Q3 but earnings up amid price rises

November 08, 2018 / Staff reporter

Brazilian long steel producer Gerdau sold lower volumes during the third quarter, especially outside its home country, but reported a year-on-year earnings increase due to higher global steel prices, the company's results show.Steel shipments were down by 4.6% in the July-to-September period to 3.69 million tonnes from 3.87 million tonnes a year earlier, according to the earnings report published...Read More

GLOBAL NICKEL WRAP: Nickel premiums flat as market prepares for contract negotiations

November 08, 2018 / Staff reporter

Global nickel premiums were largely unchanged over the past week due to limited spot market activity, with market participants working to conclude long-term contract negotiations, Fastmarkets heard on Wednesday November 7. Chinese nickel premiums stable amid open import windowEuropean premiums stable with focus on long-term contractsUS premiums flat in subdued spot market. Chinese nickel premium s...Read More

LIVE FUTURES REPORT 07/11: Aluminium price climbs 1.7% but zinc under pressure despite low stocks

November 08, 2018 / Staff reporter

Aluminium and nickel prices ended higher on the London Metal Exchange on Wednesday November 7 but a 10-year low in zinc inventories fail to boost the metal's price. The three-month aluminium price reached an intraday high of $1,993.50 per tonne and remains the top performer. More than 11,900 lots changed hands by the close, more than copper's 11,700 lots.The three-month nickel reached an intraday...Read More

TITANIUM SNAPSHOT: Ferro-titanium price drops again, triggers scrap slump

November 08, 2018 / Staff reporter

Key data from the Wednesday November 7 pricing session in Europe. Key drivers Recent downward trend in ferro-titanium has finally dragged down scrap prices. The trend started on September 12, when the market was assessed at $5.80-6.05 per kg.There is readily available alloy supply against moderate spot demand, with some buyers booking alloy through year-end. Some traders want rid of stocks to boo...Read More

PEOPLE MOVES: Ternium's M??ximo Vedoya named Alacero president

November 08, 2018 / Staff reporter

Latin American steel association Alacero has appointed M??ximo Vedoya as its new president on Wednesday November 7.Vedoya, who is the chief executive officer of Latin American steel group Ternium, will lead the association...Read More

ASIAN MORNING BRIEF 08/11: LME aluminium price rises but zinc falls despite low stocks; new US sanctions to cut Iranian steel exports further; Al arb narrows for second month in row

November 08, 2018 / Staff reporter

The latest news and price moves to start the Asian day on Thursday November 8.Aluminium prices ended higher on the London Metal Exchange on Wednesday November 7 but a 10-year low in zinc inventories failed to boost the metal's price. Read more in our live futures report.Here are how prices looked at the close of trading.The latest round of sanctions imposed by the United States on November 5...Read More

NORTH AMERICAN MORNING BRIEF 07/11: Global copper wrap; cobalt hydroxide supply; Hebei Steel silico-manganese price hike

November 08, 2018 / Staff reporter

The latest metal markets news and price moves to start the North American day on Wednesday November 7.Base metals on the London Metal Exchange pushed higher during morning trading, supported by a strong bounce in global equity markets, while the US dollar index lost ground after gains by the Democrats in the US midterm...Read More

EUROPEAN MORNING BRIEF 07/11: SHFE base metal prices down on skepticism over US-China trade settlement; cobalt hydroxide supply rise causes slowdown

November 08, 2018 / Staff reporter

Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Wednesday November 7.Base metals prices on the Shanghai Futures Exchange were down across the board during Asian trading hours, as skepticism once again washed over previous positive sentiment brought by Chinese President Xi Jinping's promise to open the country's economy to the world.Che...Read More

PEOPLE MOVES: Chris Wibbelman joins Istim Metals as president

November 08, 2018 / Staff reporter

Chris Wibbelman has joined warehouse and logistics firm Istim Metals as its president, based in Detroit. He will report into Istim Metals chief executive officer Michael Whelan and will be responsible for global strategy and development. The move reunites Wibbelman with Michael and Bill Whelan, with the latter being the co-founder of warehousing and...Read More

FOCUS: Cobalt metal market slows to weigh impact of increased hydroxide supplies, lower payables

November 08, 2018 / Staff reporter

Long-term contracts for cobalt hydroxide supply in 2019 have been heavily weighted toward lower payables year on year, with discussions centered around increasing availability of intermediates. But the extent of the likely hydroxide surplus' impact on next year's metal market is less clear. Since last year's mating season, Glencore has announced the restart of production at Katanga in the Dem...Read More

LIVE FUTURES REPORT 07/11: Aluminium price climbs 1.7% but zinc under pressure despite low stocks

November 08, 2018 / Staff reporter

Aluminium and nickel prices ended higher on the London Metal Exchange on Wednesday November 7 but a 10-year low in zinc inventories fail to boost the metal's price. The three-month aluminium price reached an intraday high of $1,993.50 per tonne and remains the top performer. More than 11,900 lots changed hands by the close, more than copper's 11,700 lots.The three-month nickel reached an intraday...Read More

LIVE FUTURES REPORT 07/11: Comex copper price builds momentum in midweek session

November 08, 2018 / Staff reporter

Comex copper prices inched higher during morning trading in the US on Wednesday November 7 with a persistently softer dollar lending support amid a lack of other market catalysts. The copper price for December settlement on the Comex division of the New York Mercantile Exchange inched up 0.75 cents to $2.74 per lb. "In the broader macroeconomic environment, downside price risks are likely...Read More

LIVE FUTURES REPORT 07/11: LME base metals supported by firm equity markets; US Democrat gains threaten Trump agenda

November 08, 2018 / Staff reporter

Base metals on the London Metal Exchange pushed higher during morning trading on Wednesday November 7, supported by a strong bounce in global equity markets, while the US dollar index lost ground after gains by the Democrats in the US midterm elections. Overnight, US midterm election results indicated a majority win for the Democrats in the House of Representatives, with US president Trump's admin...Read More

MINOR METALS MARKET REPORT 07/11: Manganese prices continue falling after China restarts output; lower offers in bismuth market

November 08, 2018 / Staff reporter

An overview of the minor metals markets and the reasons for any price moves.Read More

EUROPE WIRE ROD: Market flat as import quota rapidly fills up

November 08, 2018 / Staff reporter

European prices for mesh-quality wire rod were flat across the Northern and Southern parts of the continent on Wednesday November 7, with market participants becoming increasingly concerned over the state of the EU's import quotas.Fastmarkets' weekly domestic price assessments for mesh-quality wire rod in both Southern and Northern Europe were ?,?535-560 ($611-639) per tonne delivered on Wednesday...Read More

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