Lackluster demand for steel billet kept global prices largely stable or down in what was slow trading during the week from Monday September 3 to Friday September 7, with many importers snubbing higher offers.Turkey was the exception, with its export and import prices strengthening in line with rising scrap values, although its demand for imported billet remained weak.AsiaThe majority of Southeast...Read More
Lackluster demand for steel billet kept global prices largely stable or down in what was slow trading during the week from Monday September 3 to Friday September 7, with many importers snubbing higher offers.Turkey was the exception, with its export and import prices strengthening in line with rising scrap values, although its demand for imported billet remained weak.AsiaThe majority of Southeast...Read More
Aluminium prices on the London Metal Exchange were higher at the close of trading on Monday September 10, supported by continued uncertainty about supply flows while US sanctions against Russian producer Rusal keep investors cautious.With total on-warrant aluminium stocks dwindling to their lowest level since July 2007 at 765,025 tonnes, the three-month aluminium price has largely ignored underlyi...Read More
Benchmark alumina prices continued to rise late last week, after still-tight Pacific supplies offset any optimism coming out of progress talks at Hydro's Alunorte refinery and while workers at Alcoa voted to continue their strike. Metal Bulletin's daily fob Australia alumina index ended the week at $634.03 per tonne, rising from $627.81 per tonne on Wednesday September 5. Hydro's Alunorte alu...Read More
Base metals prices on the London Metal Exchange drifted mostly lower during morning trading on Monday September 10, capped by a downtrend in Asian equity markets amid continued risk aversion due to escalating US-Sino trade tensions. Falling 1.2% over the morning, three-month copper prices struggled to push back over the $6,000 per tonne mark despite a continued trend of stock drawdowns and fresh c...Read More
The Chinese ferro-silicon market has dropped in the week to Friday September 7 ahead of the imminent arrival of new cargoes of alloy and expected winter steel production cut, while the price spread has widened in Europe amid illiquid trading conditions. China market pressured on expected renewed supply Consumption in focus as steel cuts loom Europe awaits new deals as price range wide...Read More
Imported UG2 ore prices rose on Friday September 7 while charge chrome quotations remained stable and China's domestic spot alloy price slipped in Metal Bulletin's latest pricing sessions. Restocking halts ore and alloy import price falls in ChinaDemand slows in Chinese domestic spot marketSouth Korea and Japan markets stableHigh-carbon imports into Europe, US unmoved The UG2 chrome ore market ap...Read More
Imported UG2 ore prices rose on Friday September 7 while charge chrome quotations remained stable and China's domestic spot alloy price slipped in Metal Bulletin's latest pricing sessions. Restocking halts ore and alloy import price falls in ChinaDemand slows in Chinese domestic spot marketSouth Korea and Japan markets stableHigh-carbon imports into Europe, US unmoved The UG2 chrome ore market ap...Read More
Benchmark alumina prices continued to rise late last week, after still-tight Pacific supplies offset any optimism coming out of progress talks at Hydro's Alunorte refinery and while workers at Alcoa voted to continue their strike. Metal Bulletin's daily fob Australia alumina index ended the week at $634.03 per tonne, rising from $627.81 per tonne on Wednesday September 5. Hydro's Alunorte alu...Read More
Benchmark low-grade cobalt prices rose for the first time since April last week when consumers working with reduced stock levels came back to the spot market. Metal Bulletin assessed the low-grade cobalt price at $33.35-33.95 per lb, in-warehouse, on Friday September 7, up 0.7% from the midweek assessment."The real floor has been established. It all got a bit tense around $33-33.50," a producer sa...Read More
Antimony prices continued upward in Europe last week, with availability of material still a concern amid China's intensifying smuggling crackdown; prices in China followed international markets up despite continued weak demand. Metal Bulletin's price quotation for antimony with bismuth content below 100 ppm in-warehouse Rotterdam climbed to $8,400-8,600 per tonne on Friday September 7, up fro...Read More
The Turkish steel producers were inactive in the deep-sea scrap market at the start of this week because they were digesting the latest transactions, sources said on Monday September 10.The mills in the country have booked at least nine deep-sea cargoes over the past week, totaling more than 240,000 tonnes.But they need to make sure that rebar export sales will continue if they are to book more de...Read More
Turkish domestic scrap prices have continued to climb over the past week, due to firm demand for the material, sources said on Monday September 10.Metal Bulletin's weekly price assessment for auto bundle (DKP grade) ferrous scrap was TRY1,750-2,020 ($273-315) per tonne delivered, up from last week's TRY1,700-1,838 per tonne.The increase in the assessment came after steel mills and a major scrapyar...Read More
Benchmark low-grade cobalt prices rose for the first time since April last week when consumers working with reduced stock levels came back to the spot market. Metal Bulletin assessed the low-grade cobalt price at $33.35-33.95 per lb, in-warehouse, on Friday September 7, up 0.7% from the midweek assessment."The real floor has been established. It all got a bit tense around $33-33.50," a producer sa...Read More
Cobalt trade log including business, bids and offers reported to Metal Bulletin.Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back.Metal Bulletin prices Click here for Metal Bulletin's price assessment for low-grade cobalt, in-warehouse, $ per lb Click here for Metal Bulletin's price assessment for high-grade cobalt, in-warehouse, $ per lb In...Read More
The export market for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States remained weak as buyers continued to show little interest in bookings. Metal Bulletin's weekly price assessment for CIS-origin HRC exports was unchanged at $535-545 per tonne fob Black Sea on Monday September 10."There is no reason for price increase, Chinese market is weak, consuming...Read More
China's hot-rolled coil prices were largely stable on Monday September 10 despite gains in the futures market, with demand remaining weak.DomesticEastern China (Shanghai): 4,400-4,420 yuan ($643-646) per tonne, unchangedNorthern China (Tianjin): 4,300-4,310 yuan per tonne, up 10 yuan per tonneHRC prices were largely unchanged amid "extremely thin" trading during the day, a Shanghai-based trader sa...Read More
China's ferrous futures dropped during morning trading on Monday September 10 following threats by the United States president for tariffs to be extended to more Chinese goods.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,262 yuan ($623) per tonne, down 12 yuan per tonneJanuary hot-rolled coil: 4,159 yuan per tonne, down 24 yuan per tonneDalian Commodity Excha...Read More
Turkish steel producers are expecting the country's export volumes to increase in the next few months because they will be offered at competitive prices due to the weakness of the country's lira, the Turkish Steel Producers' Association (TCUD) said last week.Turkey's steel export volumes reached 11.523 million tonnes in January-July 2018, up by 3.40% year-on-year. In July 2018 alone, the country's...Read More
The latest metal markets news and price moves to start the North American day on Monday September 10.Base metals prices on the London Metal Exchange drifted mostly lower during morning trading capped by a downtrend in Asian equity markets amid continued risk aversion due to escalating US-Sino trade tensions.Here is how base metals prices...Read More