Base Metal Stocks Articles

GLOBAL BILLET WRAP: Weak demand sends prices down in most regions

September 24, 2018 / Cem Turken

Prices for steel billet in the major markets showed mixed dynamics during the working week to Friday September 21. Weak demand drove prices down in the Chinese export, Southeast Asian import and Turkish domestic and export markets.However, tightening supply in the Commonwealth of Independent States region pushed prices up in the CIS export and Turkish import markets.ChinaPrices for billet in the C...Read More

GLOBAL BILLET WRAP: Weak demand sends prices down in most regions

September 24, 2018 / Cem Turken

Prices for steel billet in the major markets showed mixed dynamics during the working week to Friday September 21. Weak demand drove prices down in the Chinese export, Southeast Asian import and Turkish domestic and export markets.However, tightening supply in the Commonwealth of Independent States region pushed prices up in the CIS export and Turkish import markets.ChinaPrices for billet in the C...Read More

LIVE FUTURES REPORT 24/09: LME zinc price firm, nickel prices suffer; new US-Sino tariffs dent sentiment

September 24, 2018 / Hassan Butt

The prices of base metals on the London Metal Exchange were predominantly lower at the close of trading on Monday September 24, broadly capped by weakening investor sentiment amid another round of US-imposed tariffs on approximately $200 billion worth of Chinese goods....Read More

LIVE FUTURES REPORT 25/09: Comex copper hits 3-day rally to open week

September 24, 2018 / Dalton Barker

Comex copper prices maintained Friday's surge during morning trading on September 24 in the US, with a softer dollar supporting the red metal amid ongoing concerns of a long-term trade war between the US and China....Read More

Tuticorin investigation panel says majority of reps support copper smelter closure

September 24, 2018 / Julian Luk

An investigation committee deciding the fate of the 400,000 tonne per year Tuticorin copper smelter said the majority of representatives supported its closure, according to local media reports on Sunday September 23. ...Read More

GLOBAL MANGANESE WRAP: Ore prices rise on better alloy demand outlook

September 24, 2018 / Janie Davies

Manganese ore prices have been boosted by expectations of increased demand for alloy after the Chinese government issued new standards for steel products to take effect in November....Read More

Most ferro-chrome market sources predict 15-cent drop in ferro-chrome benchmark

September 24, 2018 / Janie Davies

The majority of European ferro-chrome market participants expect the ferro-chrome benchmark price to drop for the fourth quarter, with predictions for the settlement coming in at $1.23 per lb on average. Such a reduction would represent a fall of $0.15 per lb or 9.2% for the fourth quarter compared with the third quarter price of $1.38, which was in itself a 2.8% or 4 cent reduction from the secon...Read More

GLOBAL MANGANESE WRAP: Ore prices rise on better alloy demand outlook

September 24, 2018 / Janie Davies

Manganese ore prices have been boosted by expectations of increased demand for alloy after the Chinese government issued new standards for steel products to take effect in November....Read More

Tuticorin investigation panel says majority of reps support copper smelter closure

September 24, 2018 / Julian Luk

An investigation committee deciding the fate of the 400,000 tonne per year Tuticorin copper smelter said the majority of representatives supported its closure, according to local media reports on Sunday September 23. ...Read More

Most ferro-chrome market sources predict 15-cent drop in ferro-chrome benchmark

September 24, 2018 / Janie Davies

The majority of European ferro-chrome market participants expect the ferro-chrome benchmark price to drop for the fourth quarter, with predictions for the settlement coming in at $1.23 per lb on average. Such a reduction would represent a fall of $0.15 per lb or 9.2% for the fourth quarter compared with the third quarter price of $1.38, which was in itself a 2.8% or 4 cent reduction from the secon...Read More

GLOBAL SILICON SNAPSHOT: Chinese export price ticks up; European prices under pressure

September 24, 2018 / Susan Zou

Key data from the pricing sessions in London and Shanghai on Friday September 21. ...Read More

Cobalt prices continue modest run-up on consumer buying

September 24, 2018 / Charlotte Radford

Cobalt prices made steady gains in the spot market last week, supported by a continuous stream of post-summer consumer purchases. Metal Bulletin assessed low-grade cobalt prices at $33.50-34.25 per lb on Friday September 21, stable compared with the midweek assessment, and up from $33.35-34.10 per lb a week earlier. High-grade cobalt prices ended last week at $33.60-34.50 per lb, in-ware...Read More

DAILY SCRAP REPORT: Mills struggle with weak rebar demand, tight scrap supply

September 24, 2018 / Cem Turken

Turkish long steel mills are continuing to struggle with weak finished steel demand and tight scrap supply, sources said on Monday September 24....Read More

TURKEY FERROUS SCRAP: Auto bundle, ship scrap prices show mixed dynamics

September 24, 2018 / Cem Turken

Turkish domestic scrap prices moved in different directions over the past week with auto bundle scrap prices going down while ship scrap prices rose, sources said on Monday September 24....Read More

LIVE FUTURES REPORT 25/09: Comex copper hits 3-day rally to open week

September 24, 2018 / Dalton Barker

Comex copper prices maintained Friday's surge during morning trading on September 24 in the US, with a softer dollar supporting the red metal amid ongoing concerns of a long-term trade war between the US and China....Read More

METALS MORNING VIEW 24/09: Metals prices shake off early weakness

September 24, 2018 / William Adams

Three-month base metals prices on the London Metal Exchange were initially unchanged to weaker on the morning of Monday September 24, with prices down by an average of 0.5%. Trading had been quiet with Chinese and Japanese markets closed for holidays, but prices firmed after European trading picked up.Nickel led the decline with a 1.4% drop, followed by lead and zinc - which were off either side o...Read More

GLOBAL MANGANESE WRAP: Ore prices rise on better alloy demand outlook

September 24, 2018 / Janie Davies

Manganese ore prices have been boosted by expectations of increased demand for alloy after the Chinese government issued new standards for steel products to take effect in November....Read More

Cobalt prices continue modest run-up on consumer buying

September 24, 2018 / Charlotte Radford

Cobalt prices made steady gains in the spot market last week, supported by a continuous stream of post-summer consumer purchases. Metal Bulletin assessed low-grade cobalt prices at $33.50-34.25 per lb on Friday September 21, stable compared with the midweek assessment, and up from $33.35-34.10 per lb a week earlier. High-grade cobalt prices ended last week at $33.60-34.50 per lb, in-ware...Read More

Brazilian crude steel production drops, consumption rises in August

September 24, 2018 / Felipe Peroni

Brazilian crude steel production decreased by 3.70% year on year in August, while apparent steel consumption grew by 11.40% in the same comparison, according to national steel association A??o Brasil. ...Read More

CIS FLAT STEEL: Coil prices down on reports of oversupply issues

September 24, 2018 / Marina Shulga

Export prices for hot-rolled coil (HRC) from the Commonwealth of Independent States have softened again because of oversupply, Metal Bulletin heard on Monday September 24....Read More

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