Alumina prices fob Australia fell for the eighth pricing session in a row on Tuesday September 25, with deals continuing to trade at lower levels. ...Read More
Codelco, the world's largest copper producer, has offered customers in Europe copper cathode premiums of $98 per tonne for 2019 supplies - a four-year high and a signal of bullish sentiment in the physical market....Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. ...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. ...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. ...Read More
Prices for rebar and billet in the United Arab Emirates went down in the week ended Tuesday September 25, while demand continued to be limited, sources told Metal Bulletin....Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia have fallen over the past week, with demand being weak because of reduced end-user buying and the expectation that prices may fall further, sources told Metal Bulletin on Tuesday September 25....Read More
Shanxi province-based Jianbang Group is to build a 600,000 tonne-per-year (tpy) rebar mill by the end of 2019, with capability to double its output at a later stage....Read More
China's hot-rolled coil prices dropped slightly on Tuesday September 25, the first day after the three-day Mid-Autumn Festival holiday, amid sparse trading....Read More
The latest metal markets news and price moves to start the North American day on Tuesday September 25....Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Tuesday September 25.Base metals prices on the Shanghai Futures Exchange were broadly weaker during Asian morning trading on Tuesday, with participants taking a cautious approach to trading following the recent escalation in trade tensions between China and the United States.Check Metal Bullet...Read More
The Chinese ferro-silicon market was steady in the week ended Friday September 21, with prices gaining support because consumers were building up stocks ahead of a national holiday....Read More
Good start, but more work to do Short-covering rallies have emerged, as we have warned. But sentiment is still fragile and vulnerable to news on trade disputes and the direction of the dollar. Aluminium: Supportive fundamentals Mounting concern about the future availability of aluminium continues to support the current rebound momentum in prices. The market faces a large supply deficit this year w...Read More
Big volatility last week There was increased volatility in aluminium prices last week as they dropped below $2,000 per tonne mark on both Monday and Wednesday, but ended the week at $2,034 per tonne and are trading higher still at $2,065 per tonne at the time of writing on Monday this week. The weekly average LME aluminium cash price was $2,006 per tonne in the week to September 21, slightly down...Read More
Aluminium LME aluminium prices continue to consolidate above the August 15 low at $2,007 per tonne. Momentum indicators reflect the neutral price action; the stochastics have converged in mid-ground and the RSI at 45 remains neutral overall. The 20, 40 and 55 DMAs have converged around $2,065 per tonne and are providing strong overhead resistance. The 20 DMA’s failure to break convincing...Read More
Week in review International copper prices enjoyed a powerful rally last week amid a broad-based rebound across the industrial metals space. LME copper rose 7.3%, the largest weekly gain since the week ending November 25, 2016. Comex copper surged 8.9%, its best performance since the week ending November 11, 2016. SHFE copper rose by a smaller 3.2%, but still the biggest rise since the week ending...Read More
Lead prices flat... Lead prices are trading sideways within a triangle on the chart that has ranged between $1,977 and $2,093 per tonne. Three-month prices, at $2,046 per tonne, are 6.7 percent above the mid-August lows, which compares with copper and zinc prices that are 10 percent and 10.8 percent above their August lows. ...but spreads tighten In recent days, the LME lead cash/three-month sprea...Read More
Earlier this month, MBR attended MB’s 6th Asian Nickel conference in Jakarta, where we gave presentations on the outlook for stainless steel and Li-ion batteries. Here we provide some key takeaways from the event: On batteries. Nickel demand from the Li-ion battery sector is expected to surge fivefold over the next 6-7 years, rising rapidly from the current 100,000 tpy to 500,000 tpy by 2025....Read More
Unmoved by the macro LME tin edged 0.6% lower last week to close at $18,940 per tonne as of September 21, the only LME base metal to end in negative territory. In contrast, the LMEX made a gain of 5.1% over the corresponding period. While the underperformance of tin to its complex seems surprising, it is in line with our work. Last week, the broad-based rebound in industrial metals was mainly driv...Read More
Galvanised steel key trends and outlook While base metals prices appear more stable, our latest Galvanized Steel and Tinplate Market Tracker, suggests the outlook for HDG prices is looking increasingly gloomy amid weakening end-use demand indicators even in the automotive sector, which has been very robust in recent years. Chinese domestic demand growth slows; exports feel the pinch While prices a...Read More