A summary of base metals premiums from across the globe for the week to Tuesday September 18.Please click...Read More
CIS export billet prices picked up early this week when the volumes of available material became limited, Metal Bulletin heardon Tuesday September 18.This was partially driven by the reduced production volumes at some mills because of maintenance work, and partly by the renewal of sales activity in the first half of September - to the Asian market, in particular."The amount of material in the mark...Read More
The latest metal markets news and price moves to start the North American day on Tuesday September 18.Base metals prices on the London Metal Exchange edged slightly higher this morning, despite news late yesterday that the United States had imposed new tariffs on $200 billion worth of Chinese goods.Here is how the LME base metals complex looked at 11.45 am London time:For a snapshot...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Tuesday September 18.Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Tuesday, with the complex reacting to news that the United States had imposed new tariffs on $200 billion's worth of Chinese goods overnight.Check Metal Bulletin's live futures r...Read More
Fresh concerns about the impact of the escalating US-China trade war have unsettled minor metals and ferro-alloys markets after the United States announced it is imposing new tariffs on $200 billion worth of Chinese goods. The higher import taxes will apply to almost 6,000 items - the biggest round of US tariffs so far. Minor metals and ferro-alloys that appear on the new list of tariffs include:...Read More
Copper prices on the London Metal Exchange closed 2% higher on Tuesday September 18, while the base metals complex shrugged off the escalating US-China trade dispute. The three-month copper price closed at $6,086 per tonne on strong volume, with over 26,000 lots traded by the close - the most in a month. "Fundamental indicators have improved since the start of the quarter. Exchange inventories (LM...Read More
Comex copper prices rebounded on Tuesday September 18 morning in the US, even after president Donald Trump applied more tariffs on Chinese goods, further raising tensions between the two nations.Copper prices for December settlement on the Comex division of the New York Mercantile Exchange jumped 5.50 cents or 2.1% to $2.7060 per lb. US president Donald Trump's administration announced overni...Read More
Physical iron ore was trading at higher prices on Tuesday September 18, following on from a much stronger performance in the paper market. Metal Bulletin 62% Fe Iron Ore Index: $69.82 per tonne cfr Qingdao, up by $1.68 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $68.85 per tonne cfr Qingdao, up by $1.68 per tonne.Metal Bulletin 62% Fe Iron Ore Index Low Alumina: $75.40 per tonne cfr...Read More
Copper prices on the London Metal Exchange closed 2% higher on Tuesday September 18, while the base metals complex shrugged off the escalating US-China trade dispute. The three-month copper price closed at $6,086 per tonne on strong volume, with over 26,000 lots traded by the close - the most in a month. "Fundamental indicators have improved since the start of the quarter. Exchange inventories (LM...Read More
Russia's Industrial Metallurgical Holding (IMH) company began producing steel rebar at its new Tula-Steel subsidiary facility last week.Despite worries in the market, the steelmaking asset's start-up has had no impact on the pig iron shipments from Tulachermet, Russia's largest merchant pig iron producer, run by IMH. "Last week we started shipments of rebar to the domestic market [in Russia]," a s...Read More
Comex copper prices rebounded on Tuesday September 18 morning in the US, even after president Donald Trump applied more tariffs on Chinese goods, further raising tensions between the two nations.Copper prices for December settlement on the Comex division of the New York Mercantile Exchange jumped 5.50 cents or 2.1% to $2.7060 per lb. US president Donald Trump's administration announced overni...Read More
The latest metal markets news and price moves to start the North American day on Tuesday September 18.Base metals prices on the London Metal Exchange edged slightly higher this morning, despite news late yesterday that the United States had imposed new tariffs on $200 billion worth of Chinese goods.Here is how the LME base metals complex looked at 11.45 am London time:For a snapshot...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday September 18*Copper $114.60 (787.85 yuan)Aluminium -$393.02 (-2,701.84 yuan)Zinc $127.94 (879.57 yuan) Nickel $430.96 (2,962.66 yuan) *Metal Bulletin calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month prices at...Read More
Trade...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Subs...Read More
Plate prices in the United States continue to hold their ground thanks to stable demand, limited imports and long mill lead times.American Metal Market's assessment for cut-to-length plate is unchanged at $48.50 per hundredweight ($970 per short ton).Lead times average nine-12 weeks at mills that have spot tons available but some mills might not have spot availability until 2019, assuming they hav...Read More
LME aluminium price down 1.8% on...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
Mexican long steel producer Deacero started up a 500,000-tonne-per-year rolling mill in its unit in Ramos Arizpe city earlier this month. The rolling mill is able to produce bars and light sections, and it was launched on Friday September...Read More
Aluminium LME aluminium prices are consolidating ahead of...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus down...Read More
Disappointing performance so far this year ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue...Read More
Brazilian flat steel sales volumes declined by 0.80% year-on-year in August because of the weak performance of the country's economy, according to national flat steel association Inda.Sales from distributors totaled 299,200 tonnes last month, against 301,700 tonnes in the corresponding period in 2017, Inda said on Tuesday September 18.Flat steel sales performance has been closely following the cou...Read More