* China-U.S. trade tensions escalate as deadline looms * Nickel hits lowest since January, zinc hits two-week low * GRAPHIC-2018 asset returns: (Updates with closing prices) By Maytaal Angel LONDON, Sept 5 (Reuters) - Copper rose on Wednesday afterfive straight days of losses as a dollar rally paused, but gainswere firmly capped by persistent fears over escalating tradetensions between the United...Read More
The latest news and price moves to start the Asian day on Wednesday September 5.Nickel prices on the London Metal Exchange fell to their lowest point since January at the close of trading on Tuesday September 4, with prices down by 2.5% amid sharp drops in copper, zinc and lead while strength in the United States dollar continued to put pressure on base metals. Read more in our live futures report...Read More
The latest news and price moves to start the Asian day on Wednesday September 5.Nickel prices on the London Metal Exchange fell to their lowest point since January at the close of trading on Tuesday September 4, with prices down by 2.5% amid sharp drops in copper, zinc and lead while strength in the United States dollar continued to put pressure on base metals. Read more in our live futures report...Read More
The latest news and price moves to start the Asian day on Wednesday September 5.Nickel prices on the London Metal Exchange fell to their lowest point since January at the close of trading on Tuesday September 4, with prices down by 2.5% amid sharp drops in copper, zinc and lead while strength in the United States dollar continued to put pressure on base metals. Read more in our live futures report...Read More
Copper prices on the London Metal Exchange climbed 1% by the close of trading on Wednesday September 5, supported by a marginal retreat in the US dollar index amid continued price dips in the three-month lead and nickel prices.Despite more than 100,000 tonnes of material freshly canceled since August 20 and on-warrant material down over 38% in the same period, three-month copper prices struggled t...Read More
Nickel premiums in China dipped on Tuesday September 4 as the closed arbitrage window has thinned buying interest, while European briquette premiums widened on renewed market interest following the end of summer holidays. China premiums dip on thin purchasing activity, closed arbitrage window Europe briquette premiums widen as interest returns to market US premiums stable in sluggish marketClosed...Read More
Comex copper prices sustained a minor recovery in midweek trading on Wednesday September 5 with a softening dollar supporting the base metals complex.Copper prices for December settlement on the Comex division of the New York Mercantile Exchange tumbled by 7.55 cents or 2.8% to $2.5955 per lb. Earlier in the day, the contract had fallen to $2.58 per lb, the lowest price since August 15."After a sh...Read More
Key data from the Wednesday September 5 pricing session in Europe. Key drivers - Persistent tightness in ferro-titanium availability, as well as higher grade scrap - particularly from Russia, has propelled markets higher again in the past week. Consumer buying has yet to emerge in full after the seasonal summer slowdown, potentially paving the way for a break above $6 per kg for alloy, sources...Read More
The spot prices of manganese ore at the Chinese ports of Tianjin and Qinzhou have been diverging between Australian-origin and South African-origin since the start of August.Australian lump fot prices are now around 62 yuan ($9.07) per metric tonne unit in Tianjin port, the country's major manganese ore trading hub, according to sources in China. This equates to about $7.70 per mtu. Meanwhile fot...Read More
BHP has entered into an agreement to buy a small stake in an Australian junior mining company that owns and operates a copper-gold project in Ecuador.The move, which will see the UK-listed miner acquire a 6.1% stake in Brisbane-based SolGold Plc from Guyana Goldfields Inc, is intended to boost BHP's copper exploration portfolio and give it a bigger foothold in the Latin American country.The Cascab...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The spot prices of manganese ore at the Chinese ports of Tianjin and Qinzhou have been diverging between Australian-origin and South African-origin since the start of August.Australian lump fot prices are now around 62 yuan ($9.07) per metric tonne unit in Tianjin port, the country's major manganese ore trading hub, according to sources in China. This equates to about $7.70 per mtu. Meanwhile fot...Read More
Key data from the Wednesday September 5 pricing session in Europe. Key drivers - Persistent tightness in ferro-titanium availability, as well as higher grade scrap - particularly from Russia, has propelled markets higher again in the past week. Consumer buying has yet to emerge in full after the seasonal summer slowdown, potentially paving the way for a break above $6 per kg for alloy, sources...Read More
The Turkish steel mills continued to book deep-sea scrap on Wednesday September 5, with prices rising.Three steel producers booked six deep-sea cargoes on Wednesday, totaling almost 160,000 tonnes, according to market sources.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $317 per tonne cfr.The same mill booked a second Baltic Sea cargo...Read More
Vietnam scrap prices started to move up after sellers increased their offers in the first half of the week, market sources told Metal Bulletin on Wednesday September 5."Prices are expected to exit the price trough this week and start ascending slowly," a trader in northeast Asia said."Especially after Turkish import prices increased yesterday," he added, referring to a deal done at $320 per tonne...Read More
BHP has entered into an agreement to buy a small stake in an Australian junior mining company that owns and operates a copper-gold project in Ecuador.The move, which will see the UK-listed miner acquire a 6.1% stake in Brisbane-based SolGold Plc from Guyana Goldfields Inc, is intended to boost BHP's copper exploration portfolio and give it a bigger foothold in the Latin American country.The Cascab...Read More
Comex copper prices sustained a minor recovery in midweek trading on Wednesday September 5 with a softening dollar supporting the base metals complex.Copper prices for December settlement on the Comex division of the New York Mercantile Exchange tumbled by 7.55 cents or 2.8% to $2.5955 per lb. Earlier in the day, the contract had fallen to $2.58 per lb, the lowest price since August 15."After a sh...Read More
Three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Wednesday September 5, with consolidation mode setting in after Tuesday's losses.The main exceptions were nickel, which was down by 0.4%, and lead, which was up by 0.4%. Aluminium was up by 0.2%, while the rest were either side of unchanged. Copper was up by 0.1% at $5,846 per tonne.Volu...Read More
Prices for domestic hollow steel sections produced and delivered in Northern and Southern Europe rose this week on higher costs for hot rolled coil, sources told Metal Bulletin on Wednesday September 5.Metal Bulletin's domestic price assessment range for commodity-size, grade-S235 square hollow sections made in Northern Europe narrowed upward to ?,?650-670 ($753-776) per tonne delivered on Septemb...Read More
China's hot-rolled coil prices retreated on Wednesday September 5 amid weak demand despite mills in Tangshan - the country's steelmaking hub in the north - confirming government-mandated production cuts for this month.DomesticEastern China (Shanghai): 4,350-4,360 yuan ($636-638) per tonne, down 10-30 yuan per tonneNorthern China (Tianjin): 4,250-4,260 yuan per tonne, narrowing downward 10 yuan per...Read More